EverGreen Lithium powers to dream start on ASX after closing trade 50% higher

Lithium-ion, a key component in electric vehicles has seen a lot of fluctuation in market prices, which have dropped to CNY 2,05,000-2,46,000 a tonne, versus the highs of CNY 6,00,000 witnessed in November 2022. Lithium carbonate

Cadence Minerals plc’s investee company has identified “significant and widespread lithium” from auger and geochemical programme at the Kenny project within the Dundas mineral field of Western Australia. Evergreen’s results indicated “the potential for lithium, caesium

Dalian iron ore futures extended gains on Tuesday on hopes of additional policy support for China’s economy, but the challenging outlook for the world’s top steel producer weighed on the steelmaking ingredient’s benchmark price in Singapore.

WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight. This makes the alkali metal the mainstream choice for EV batteries, where high

Cadence Minerals filed its notice of being the largest shareholder in Evergreen Lithium Ltd after the investee company listed on the Australian Stock Exchange. SHARES The company holds 15,830,138 million shares, equivalent to 8.74% of the

Dalian and Singapore iron ore futures slightly rebounded on Thursday as the market expected downstream steel demand to gradually recover after the latest wave of inclement weather that has constrained construction activities. The most-traded September iron

Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in China capped gains. Benchmark prices of the steelmaking ingredient slumped last week,

Dalian iron ore futures edged higher on Tuesday, with the benchmark contract hitting a record high, as the steelmaking ingredient tracked buoyant steel prices in China, though regulatory concerns limited gains. Sentiment was propelled by improved

Dalian and Singapore iron ore futures rose on Tuesday, as warmer weather raised expectations for a pickup in steel demand and the market focused on improving consumption fundamentals. The most-traded May iron ore contract on China’s

Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchange

The spot price of iron ore is being pushed higher in a pincer move of stronger Chinese demand and lower supply from the world’s two biggest exporters of the steel raw material. The spot price of

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in

Dalian iron ore futures climbed on Wednesday, while the Singapore benchmark price for the steelmaking ingredient extended gains, following the Chinese central bank’s move to inject additional liquidity into the banking system. The People’s Bank of