Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over
*Unfortunately John,
The word of the Day, Week, Month to describe our current situation is
Frustrating to say the least, especially when we should be past all this Shit and well on our way to Production and putting that lovely new Crane to work, I hope it's Not sitting there gathering Dust / going Rusty atm, as
Albemarle’s lithium sales surge after supply contracts renegotiated
Albemarle Corp, the world’s largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices.
The results reflect the rising demand for lithium as the auto industry begins to pivot its manufacturing base toward EVs, a shift that has given significant pricing power to mining companies.
Compared to last year, Albemarle now expects the price at which it sells its lithium to jump at least 225% in 2022 and adjusted profit in its lithium division to rise at least 500%.
“We have shifted our lithium contracting strategy to realize greater benefits from these strong market dynamics,” Albemarle Chief Executive Kent Masters said in a statement.
Shares of the Charlotte, North Carolina-based company jumped 4.4% to $250 in after-hours trading.
The company reported second-quarter net income of $406.8 million, or $3.46 per share, compared with $424.6 million, or $3.62 per share, in the year-ago quarter.
Excluding one-time items, Albemarle earned $3.45 per share.
By that measure, analysts expected earnings of $3.26 per share, according to IBES data from Refinitiv.
Adjusted profit in the company’s lithium division more than quadrupled, though adjusted profit in the catalyst division, which sells to the oil refining sector, fell more than 50%.
Albemarle said its lithium production this year should rise at least 20% and that expansion projects in Chile, Australia, China and the United States are on track or ahead of schedule.
Albemarle rival Livent Corp on Tuesday said that General Motors Co
would prepay $198 million for a supply of lithium that will not begin until 2025.
Livent profit jumps on rising lithium prices; 2022 forecast raised
Lithium producer Livent Corp posted a nearly tenfold jump in quarterly profit on Tuesday, and raised its sales and profit forecast for the year due to rising prices of the electric-vehicle battery metal.
The company reported second-quarter net income of $60 million, or 31 cents per share, compared with $6.5 million, or 4 cents per share, in the year-ago quarter.
Livent announced a supply deal with General Motors Co last week. On Tuesday, Livent said that deal includes a $198 million prepayment from GM, to be made this year.
Climate bill would put US back in global race for EV leadership
This week, everyone working on energy and climate issues in the US is intensely focused on the Inflation Reduction Act, looking for smoke signals as to whether it will pass and if any modifications will be made.
The bill is a potential boon to many sectors of the green economy, including electric vehicles. Here are my team’s takeaways on some of the important EV-related aspects of the bill:
www.mining.com/web/climate-bill-would-put-us-back-in-global-race-for-ev-leadership/
Outlook
A sense of scale is important here.
The bill would extend EV tax credit availability out to 2032.
Over that period, BNEF expects around 175 million light-duty vehicles will be sold in the US.
As it stands now, a sizable and growing portion of those will be eligible for a tax credit.
There’s lots more to process — BNEF clients can access our full initial take here — but my initial feeling is that the bill, coupled with the stricter fuel-economy regulations the Biden administration is putting in place, should put the US right back in the race for EV leadership.
China is off to a very strong head start, but these are still early days.
Don’t count the US out.
www.mining.com
Food for thought my friend
Hang in there Bro
Frank
this is where you belong, stuff those haters over there… 
