Kidman Resources, which has one of the biggest lithium projects in the world at Mount Holland in Western Australia, closed at 60 cents on the first day of trading in 2017, and was as low as 35 cents in April. In the months since its stock price has boomed, and it closed on the last trading day in 2017 at $1.88. It now has a $658 million market capitalisation.
Kidman’s managing director, Martin Donohue, told the International Mining and Resources Conference held in Melbourne recently that Chinese companies had been busy striking deals with lithium companies to secure lithium supply.
"It's very hard to find a lithium developer or producer that hasn't signed some kind of an off-take with the Chinese converters, or even further upstream," he said.
KDR Price at posting:
$2.12 Sentiment: Buy Disclosure: Held
