As predicted MIN's Joint Venture partner ALB absolutely crushed earnings and guidance. Since ALB markets all of the Lithium for both partners in the JV, this is pretty good news for MIN. ALB will be Tolling 20kTPa of Lithium Hydroxide with most of it coming from Wodgina with a 40/60 split between MIN/ALB. The only small disappointment is that the Kemerton conversion plant that they jointly own won't be ramping significant sales volumes until next calendar year.
https://investors.albemarle.com/static-files/9324ac04-fbd0-40df-9279-80c959e55302
Ann: FY22 Q4 Quarterly Activities Report, page-33
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Last
$55.49 |
Change
-0.830(1.47%) |
Mkt cap ! $10.90B | |||
| Open | High | Low | Value | Volume |
| $55.02 | $55.82 | $54.89 | $48.80M | 880.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4127 | $55.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $55.51 | 1652 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |