lithium

Australian companies are poised to play a key role in the clean energy transition, with major projects in critical minerals emerging to meet new demand for rare earths elements. Here are four ASX stocks likely to benefit from the new mining boom.

One of the most surprising outcomes from the better-than-expected August reporting season was the strong performance of consumer discretionary retailers, as Australians continued to weather higher interest rates and inflation better than many analysts had feared.

For the world to meet climate targets, the supply of battery-grade lithium will have to ramp up greatly, prompting expectations that the price will keep rising for years to come. And Australian companies with proven lithium deposits could do well as M&A in the sector stays hot, analysts say.

An emerging global supply shortfall and booming demand due to the clean-energy transition are set to support big gains in the price of copper, leaving investors hunting exposure to the few mining projects currently online.

The red-hot lithium market is forecast to cool over the near term, but the outlook around where prices will settle over the long term is less certain. Several variables are at play that could alter the direction of the market.

Australian miners are set to reap the benefits of rising demand for lithium, with some analysts upgrading earnings for listed companies.

Elon Musk once famously claimed, “lithium batteries are the new oil”. Yet lithium-ion batteries merely trade the oil problem for a lithium problem.

ASX hits 7,500, Wesfarmers’ record high, mining continues to bounce The ASX 200 (ASX: XJO) continued its strong recent run with the mining sector once again taking the mantle back from technology, jumping 1.2% behind another record from BHP Group Ltd (ASX: BHP) which jumped 2.1%. This marks another record high with the benchmark closing above 7,500 points for…

Miners send ASX to record, lithium boom 2.0, Zip tanks The ASX 200 (ASX: XJO) powered to a record close despite a bumpy start to the week, with the materials sector sending the market 1.1% higher. Materials jumped 2.2% and energy 2.5% with healthcare being the only detractor as the cyclical story returned. The highlight was lithium…