- Reuters
UPDATE 2-Australia's Liontown Resources sees HY loss widen as costs build
Australia's Liontown Resources posted a bigger half-year loss on Friday, as the lithium developer boosted capital spending ahead of first production at its flagship Kathleen Valley project in Western Australia in the coming months. Liontown's net loss after tax widened to A$31 million in the six-month period ended Dec. 31, from A$6.9 million a year earlier. Earlier this week, Liontown - the target of an aborted takeover bid in October by Albemarle - refinanced its debt facility for $363 million to support the Kathleen Valley project's ramp-up.
- InvestorPlace
Lithium Stocks: Why Albemarle Is a Nothing-but-Trouble Play to Avoid
An indirect but interesting way to invest in the electric vehicle (EV) boom is through shares of high-conviction lithium miners. Thus, you may have heard about multinational specialty chemical and lithium company Albermarle (NYSE:ALB), but we definitely don’t consider it to be high-conviction. Indeed, we’re seeing major issues with ALB stock and can only give it a “D” grade right now. We’ll acknowledge that Albemarle has been in the financial headlines recently. That’s not necessarily a good thi
