Li prices have recently rallied...then this, below...GL1 to also be a beneficiary of Fed. govt significant funding? We can hope!
The Federal govt. today announced a $840m grant to NT-based ARU, reinforcing the widely proclaimed Western need to be independent of China's control (& China's ban on exports of some processed "Critical Minerals" to the West!) of renewable/decarbonisation minerals.
abc.com 14.3.24 said
"...The Albanese government said the Arafura project was set to become Australia’s first combined rare earths mine and refinery and would help "[secure] Australia’s position as a renewable energy superpower"...The funding package for the project includes $495 million from the Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility (NAIF), $115 million from Export Finance Australia’s Commercial Account, and a further $30 million in grants.
The government's backing of the Arafura project comes after a broad collapse in the global prices of critical minerals.
By the end of January, the price of lithium had droppedmore than 80 per cent within a year...
Ms King said Australia would "need more mining, not less" to meet global climate targets and to "build the solar panels, batteries and wind farms" necessary to reduce emissions".
https://www.msn.com/en-au/money/markets/federal-government-to-invest-840m-in-arafura-rare-earths-project-in-central-australia/ar-BB1jRbXN?ocid=msedgdhp&pc=LCTS&cvid=1f1cde5ebf8a4e43a629b1097c1071cf&e
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Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.57M |
Open | High | Low | Value | Volume |
27.5¢ | 28.0¢ | 26.5¢ | $84.44K | 309.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 98706 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 252985 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 98706 | 0.275 |
3 | 68000 | 0.270 |
3 | 13887 | 0.265 |
6 | 81000 | 0.260 |
3 | 29370 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 252985 | 2 |
0.295 | 59000 | 1 |
0.300 | 132318 | 5 |
0.320 | 35020 | 1 |
0.330 | 3033 | 1 |
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