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Liontown Resources (ASX:LTR) has agreed to proceed with the delivery of Direct Shipping Ore (DSO) product to provide an early source of revenue ahead of first concentrate production at the Kathleen Valley Lithium Project. Managing Director and CEO, Tony Ottaviano, said: “Therefore, progressing with the production of DSO not only provides early revenue potential, but […]

Another solid quarter for the world’s biggest lithium player, Albemarle, but the three months to 30th June did confirm that the company had, like its rivals, been whacked by the slowdown in prices. Despite that, the company revealed it has significantly upgraded its sales and earnings projections for the rest of 2023 with a recovery

The action continues for Pilbara Minerals (ASX:PLS), which yesterday confirmed a major testing of the waters in the upgrading of its lithium ores. A week ago, the company dispelled a lot of the gloom around its share price with better-than-expected production figures for its spodumene (which offset the much-forecast price fall) and another quarter where

Stocks hit selloff mode Wednesday, and the Nasdaq Composite registered its worst day since February, after Fitch Ratings cut the long-term foreign currency issuer default rating for the US to AA+ from AAA Tuesday night, citing “expected fiscal deterioration over the next three years.” There are now two companies rated more creditworthy than the US

Companies discussed: James Hardie Industries (ASX:JHX)Reliance Worldwide Corporation (ASX:RWC)Brickworks (ASX:BKW)

At the end of the trading day, the S&P/ASX 200 experienced a decline of 1.29 per cent, closing at 7,354.70. This drop was attributed to market nerves exacerbated by the downgrading of the US sovereign rating. During this period, all 11 industry sectors recorded losses, with utilities and real estate being the hardest hit among