I lost the other half of the previous post taking a look at the Nemaska/Livent relationship :
To share some research;
Canadian lithium junior, Nemaska signed the deal to supply lithium to Livent well before it launched as a public company back inOctober 2016 when it was still FMC.
But now Nemaska has run up against a $C325M cash shortfall, and analysts say it can sell it’s lithium (8,000 t/y or about 25% of its production) for better money elsewhere ...... so last February “the knives came out”;
https://investingnews.com/daily/res...m-supply-deal-following-financing-challenges/
“We view termination of the Livent supply agreement as positive,” Eight Capital analysts said in a note to clients.
“We don’t foresee difficulty in finding a buyer for the 8,000 tonnes, allowing Nemaska to sell at higher prices,” they said. “Having 25 percent of its production available suddenly makes room for a senior partner, which could help with the C$375 million financing pinch [Nemaska] finds itself in.”
As @Rupfel noted, a few weeks later Livent was talking about picking up a nice, cheap, long life lithium mine in Australia :
On March 27 Henry Sanderson ( https://www.ft.com/content/d3935162-509f-11e9-9c76-bf4a0ce37d49) reported the Livent CEO, Paul Graves ( a former mergers and acquisitions banker at Goldman Sachs ) said Livent was looking for cheap high quality assets in Argentina and Australia .
He said while Livent already owned an Andean lithium brine salt lake in Argentina; Salar del Hombre Muerto, it was looking to acquire another brine resource in Argentina and also wanted to buy a lithium mine in Australia.
From the story:
“We will acquire a hard rock resource if we can. It’s got to be a high quality resource, a long-life resource,” he told the Financial Times.
We’re looking now. We’re talking to people now.....
A good resource is all we care about.”
So maybe the next step in the story is that Albemarle will acquire Livent and Altura ?
Although the AJM hints if useful visits to China don’t seem relevant to this outcome ?
- Forums
- ASX - By Stock
- 1MC
- Lithium & The Future
Lithium & The Future, page-3665
-
- There are more pages in this discussion • 4,011 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.403M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $3.642K | 104.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 87325 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 232902 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 87325 | 0.034 |
2 | 260443 | 0.033 |
2 | 22091 | 0.032 |
4 | 106920 | 0.031 |
3 | 50666 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 232902 | 5 |
0.036 | 176830 | 3 |
0.037 | 65000 | 1 |
0.038 | 75000 | 1 |
0.039 | 70000 | 1 |
Last trade - 14.27pm 23/08/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online