Australia's Pilbara Minerals Sees Signs of Lithium Slump Ending [BNN Bloomberg (Canada)]
MINERAL RES LTD UNSP/ADR (MALRY)
NASDAQ:AMEX Investor Relations:
mineralresources.com.au/investors-and-media.html
Company Research
Source: BNN Bloomberg
a glimmer of hope for producers of the battery metal that have been hammered by plunging prices. The global lithium industry is grappling with the effects of the past year's price collapse, from slumping profits to production cuts and spending reviews. Producers and investors are looking for any signs that demand and prices are steadying. “All our customers, for avoidance of doubt, are taking their product and, in some cases, asking for more,” said Pilbara Minerals' Managing Director Dale Henderson. Enquiries from potential buyers have picked up, and “I think we've had more over the last eight weeks than we've had for quite some period,” he said. The moderately hopeful comments came after a flurry of Australian lithium producers reported weaker half-year earnings. Pilbara Minerals said underlying profit sank 78% to A$273 million ($179 million), while Mineral Resources Ltd. reported a 49% decline in underlying profit and IGO Ltd. said net income dropped 53%. Prices for lithium
Show less
Read more
Impact Snapshot
Event Time:
MALRY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MALRY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MALRY alerts
High impacting MINERAL RES LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MALRY
News
- Mineral Resources Limited's (ASX:MIN) largest shareholders are individual investors with 53% ownership, institutions own 32% [Yahoo! Finance]Yahoo! Finance
- Intra Energy Corporation Limited (ASX: IEC) - Exceptional Rock Assays, Elevating Lithium Prospectivity at Maggie Hays Hill ProjectPR Web
- 20 Biggest Precious Metals and Minerals Companies in Australia in 2024 [Yahoo! Finance]Yahoo! Finance
- Intra Energy Corporation Limited (ASX: IEC) Strategically Positioned to Seize Opportunities Amidst Growing Lithium DemandPR Web
- Intra Energy Corporation (ASX: IEC) - Geochemical Sampling Reveals More Compelling Lithium AnomaliesPR Web