Eye on Lithium: Livent wary of big billionaire blockers; Galan’s Glencore deal turns heads

Galan Lithium inks offtake funding deal with big mining player Glencore
Livent and Allkem bosses are looking over shoulders for deep-pocketed deal roilers

Lithium news roundup, Thursday November 16.

The M&A scene in Australia’s lithium land of plenty keeps frothing, with global mining and trading house Glencore committing to an offtake funding deal with Galan Lithium.

Meanwhile, Allkem and Livent’s bosses have indicated they’re wary of deep-pocketed deal-busters Gina Rinehart and Mineral Resources’ Chris Ellison.

First, though, Galan…

We’ve written an in-depth special report on this news today, so for full details definitely head there. But, in brief:

The renowned global mining and trading house Glencore has agreed to purchase up to 100% of the proposed lithium chloride concentrate production from Phase 1 operations at Galan Lithium’s Hombre Muerto West project, which is in Argentina.

It has also agreed to provide the emerging lithium developer with US$70-100 million of prepayment finance.

This, reads our report, is arguably the biggest milestone in Galan Lithium’s (ASX: GLN) quest to become Argentina’s next lithium producer during the first half of 2025.

Spodumene enthusiast “@_gobbler” seems to dig the news, reposting the company’s ASX announcement from this morning…

$GLN Galan #Lithium secures 70-100m USD prepayment and offtake for Phase 1 lithium chloride (5.4kt LCE production from H1 2025) $GLEN pic.twitter.com/6nbdUipMc1

— gobbler (@_gobbler) November 15, 2023

Livent’s lament

Bloomberg reports that amid the lithium-junior deal-roiling shares buy-ups by Hancock Prospecting’s Gina Rinehart and Mineral Resources’ Chris Ellison over in WA, main players in another potential deal – between Allkem and US company Livent – have had something to say about it.

With her near-20% stake, iron ore billionaire Rinehart essentially forced US giant Albemarle to walk away from its bid for Liontown Resources in October. Meanehile Rinehart and MinRes boss Ellison have also combined to build up a big enough pot to threaten the agreed $1.6bn cash bid for Azure Minerals from Chilean gun SQM.

“For us, if there’s any meaningful risk of somebody coming in and trying to interfere with our freedom to operate a resource, then we don’t want that resource,” said Livent CEO Paul Graves this week, per Bloomberg.

“It’s another voice in the room that may have a different view as to what to do.”

Allkem and Livent are planning to combine in a venture called Arcadium, in what they expect to become the world’s third largest lithium producer by 2027.

Allkem shareholders are meeting on Dec 19 to vote on the merger.

“It’s becoming difficult for newcomers to be able to bring the production onstream,” said Allkem CEO Martín Pérez de Solay.

“Incumbents like us are clearly favour the current dynamics in the industry because we continue to be able to deliver,” he added.

Here’s something else

The Visual Capitalist makes some damn attractive infographics and charts and whatnot. Not to mention bringing the data-tastic goodness.

This one, it’s “Breaking Down the $400B Battery Value Chain” caught our eyes this morning. Partly for the colourful wheel, partly for the stats in its broader piece, put together with US tech company EnergyX.

Source: visualcapitalist.com

Statistcal eye openers include:

• The lithium battery industry is projected to grow fivefold by 2030.

• This is projected to create over US$400b in annual revenue opportunities across the globe.

Source: visualcapitalist.com

Meanwhile, Australia makes the top 50 most innovative countries in the world!

(shem… out of 132.)

Ranked: The Most Innovative Countries in 2023 https://t.co/GEVvEFCIan pic.twitter.com/IPoQqVqrxR

— Visual Capitalist (@VisualCap) November 14, 2023

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.)

Stocks missing from this list?

Email [email protected] and/or [email protected]

CODE COMPANY PRICE DAILY RTN % 1 WEEK % 1 MTH % YTD % MARKET CAP ADV Ardiden Ltd 0.005 0% 0% -17% 0% $13,441,677 AGY Argosy Minerals Ltd 0.155 0% -9% -18% -42% $217,683,162 1MC Morella Corporation 0.007 17% 17% 27% -1% $36,981,556 AML Aeon Metals Ltd. 0.008 0% -20% -47% -2% $8,771,205 ASN Anson Resources Ltd 0.165 0% 0% 14% -2% $212,146,963 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 CXO Core Lithium 0.365 -4% -5% -3% -66% $812,035,507 EMH European Metals Hldg 0.615 -1% -1% -2% -3% $78,661,706 ESS Essential Metals Ltd 0.5 0% 0% 4% 18% $135,278,382 EUR European Lithium Ltd 0.079 -1% -1% 13% 1% $111,539,134 GLN Galan Lithium Ltd 0.75 8% 27% 9% -32% $245,489,485 INF Infinity Lithium 0.115 5% 40% 28% -1% $50,885,130 INR Ioneer Ltd 0.16 3% -3% -18% -22% $327,268,883 JRL Jindalee Resources 1.08 0% -4% -37% -81% $65,140,326 LIT Lithium Australia 0.032 -3% -3% 0% -1% $40,332,325 LKE Lake Resources 0.165 -6% -6% -15% -64% $248,927,824 LPD Lepidico Ltd 0.009 0% -10% -22% -1% $68,744,772 LPI Lithium Pwr Int Ltd 0.53 -1% 1% 22% 9% $340,272,554 LTR Liontown Resources 1.47 -4% -7% -47% 15% $3,669,773,435 MIN Mineral Resources. 62.6 0% 6% 0% -1460% $12,257,707,678 MLS Metals Australia 0.036 -3% 0% 9% -1% $23,089,339 AKE Allkem Limited 9.05 -1% -3% -23% -219% $5,830,610,192 PLL Piedmont Lithium Inc 0.45 2% 2% -19% -20% $161,760,192 PLS Pilbara Min Ltd 3.57 -3% -3% -14% -18% $11,044,727,962 QPM Queensland Pacific 0.056 0% -5% -14% -5% $112,702,257 PSC Prospect Res Ltd 0.099 2% 10% 32% -2% $44,839,168 RLC Reedy Lagoon Corp. 0.005 0% 0% -17% 0% $3,083,418 SYA Sayona Mining Ltd 0.079 -2% -9% -14% -11% $833,756,977 TKL Traka Resources 0.0045 0% -10% -25% 0% $3,938,982 TON Triton Min Ltd 0.0245 11% -2% 17% -1% $34,349,911 VUL Vulcan Energy 2.71 5% 9% -1% -362% $434,305,077 GL1 Globallith 1.26 -6% 2% -7% -59% $347,017,496 BMM Balkanminingandmin 0.15 -6% 25% -12% -18% $11,009,148 LEL Lithenergy 0.59 0% -9% 5% -18% $60,775,900 ARN Aldoro Resources 0.085 2% -1% -11% -8% $11,173,771 NMT Neometals Ltd 0.26 0% 4% -24% -54% $143,860,064 IGO IGO Limited 8.85 -4% -5% -24% -461% $7,004,727,270 AAJ Aruma Resources Ltd 0.036 0% 3% 6% -2% $7,088,094 PAM Pan Asia Metals 0.15 -3% -3% -25% -26% $25,888,322 AX8 Accelerate Resources 0.055 6% 38% 83% 3% $24,544,114 AM7 Arcadia Minerals 0.089 0% 11% -15% -12% $9,705,459 AS2 Askarimetalslimited 0.195 3% 26% 3% -24% $14,639,540 BYH Bryah Resources Ltd 0.02 5% 67% 48% -1% $6,813,500 EMS Eastern Metals 0.033 0% 10% 6% -4% $2,720,066 FG1 Flynngold 0.065 -12% -4% 8% -4% $10,092,311 FRS Forrestaniaresources 0.032 10% 7% -9% -11% $2,966,747 GSM Golden State Mining 0.022 -4% -12% -41% -2% $4,395,030 IMI Infinitymining 0.15 25% 36% 11% -13% $9,343,166 LRV Larvottoresources 0.12 0% -8% -4% -4% $8,070,567 MMC Mitremining 0.24 0% 14% 0% -4% $10,884,024 RAG Ragnar Metals Ltd 0.024 0% -4% 0% 1% $11,375,543 CTN Catalina Resources 0.004 0% 14% 0% -1% $4,953,948 TMB Tambourahmetals 0.125 -7% -19% 0% 2% $11,196,948 TEM Tempest Minerals 0.009 0% 13% 6% -1% $4,602,451 EMC Everest Metals Corp 0.095 0% 8% -24% 2% $15,511,895 WCN White Cliff Min Ltd 0.012 0% 0% -8% 0% $15,084,223 WML Woomera Mining Ltd 0.026 8% 53% 160% 1% $28,648,669 AZL Arizona Lithium Ltd 0.037 -10% 16% 147% -3% $136,070,227 CRR Critical Resources 0.028 -7% -3% -24% -2% $53,335,508 KGD Kula Gold Limited 0.032 52% 167% 146% 1% $7,837,450 LRS Latin Resources Ltd 0.21 -9% -21% -29% 11% $637,676,426 PNN Power Minerals Ltd 0.27 4% 8% 8% -26% $22,403,206 WR1 Winsome Resources 1.23 -3% -10% 0% 0% $225,545,706 KZR Kalamazoo Resources 0.12 9% 20% 24% -9% $18,850,642 MTM MTM Critical Metals 0.024 -4% 4% -27% -6% $2,483,427 QXR Qx Resources Limited 0.028 -13% -18% 4% -1% $35,383,291 SCN Scorpion Minerals 0.053 -4% 4% -4% -2% $19,068,841 AZI Altamin Limited 0.059 2% -2% -5% -2% $22,720,708 ENT Enterprise Metals 0.004 0% 33% 0% -1% $3,197,884 KAI Kairos Minerals Ltd 0.016 0% -6% -20% 0% $41,934,595 STM Sunstone Metals Ltd 0.017 0% -6% 6% -2% $52,393,743 PGD Peregrine Gold 0.28 -2% -10% 12% -11% $16,090,131 AVW Avira Resources Ltd 0.002 0% 0% 0% 0% $4,267,580 NVA Nova Minerals Ltd 0.255 2% -2% 0% -43% $52,722,490 GT1 Greentechnology 0.425 -6% 9% -11% -40% $124,265,607 BNR Bulletin Res Ltd 0.165 -6% -6% 38% 7% $51,378,443 CAI Calidus Resources 0.17 -3% -8% 13% -10% $106,791,476 MRR Minrex Resources Ltd 0.016 10% 7% -6% -2% $15,730,579 A8G Australasian Metals 0.17 -6% -15% -17% -2% $9,381,689 EFE Eastern Resources 0.01 -17% 11% 0% -2% $14,903,358 MQR Marquee Resource Ltd 0.033 10% 27% 22% 0% $12,401,531 SRZ Stellar Resources 0.009 0% 0% -18% 0% $9,883,678 LSR Lodestar Minerals 0.004 0% 0% -20% 0% $8,093,589 NWM Norwest Minerals 0.03 -12% -6% 3% -2% $9,777,363 AOA Ausmon Resorces 0.003 0% 0% 0% 0% $3,020,998 VKA Viking Mines Ltd 0.012 9% 20% 20% 0% $11,277,843 IPT Impact Minerals 0.0115 -4% 5% 15% 0% $34,376,447 SRI Sipa Resources Ltd 0.021 0% 0% 11% -1% $4,791,321 VMC Venus Metals Cor Ltd 0.1 0% -5% -13% 2% $18,972,868 RGL Riversgold 0.011 0% 22% -15% -2% $10,463,876 ZNC Zenith Minerals Ltd 0.17 -3% 31% 70% -10% $61,666,655 RAS Ragusa Minerals Ltd 0.058 7% 35% 57% -6% $7,700,334 G88 Golden Mile Res Ltd 0.025 0% 4% 25% 0% $8,234,738 EPM Eclipse Metals 0.009 0% 0% -25% -1% $18,394,238 EVR Ev Resources Ltd 0.011 -8% 0% -21% 0% $11,337,358 WC8 Wildcat Resources 0.8 1% -6% 86% 78% $822,271,109 MNS Magnis Energy Tech 0.061 -2% -25% -18% -31% $74,368,885 RIO Rio Tinto Limited 125.17 0% 5% 9% 876% $46,628,468,641 THR Thor Energy PLC 0.028 4% 12% 4% -3% $5,035,292 YAR Yari Minerals Ltd 0.016 0% 7% 23% 0% $7,717,725 MXR Maximus Resources 0.045 0% 13% 61% 1% $14,427,260 DRE Dreadnought Resources Ltd 0.034 3% 3% -24% -7% $114,079,195 MM1 Midasmineralsltd 0.15 0% -3% -17% -5% $13,012,087 M2R Miramar 0.024 0% 9% -45% -5% $3,572,869 LLI Loyal Lithium Ltd 0.435 4% 1% -19% 14% $34,196,870 LRD Lordresourceslimited 0.078 -4% 13% 16% -9% $3,007,702 WMC Wiluna Mining Corp 0.205 0% 0% 0% 0% $74,238,031 AUN Aurumin 0.021 5% -16% -19% -4% $6,368,862 ZEO Zeotech Limited 0.042 0% -19% -18% -1% $72,593,769 ALY Alchemy Resource Ltd 0.01 -9% -9% 0% -1% $12,958,839 LIS Lisenergylimited 0.205 -9% 0% -20% -12% $144,045,052 GW1 Greenwing Resources 0.15 0% 15% 3% -13% $26,137,722 KTA Krakatoa Resources 0.039 -9% 50% 105% -1% $18,700,610 TYX Tyranna Res Ltd 0.017 6% 6% 6% -1% $52,582,805 DAF Discovery Alaska Ltd 0.016 -6% 7% -20% -2% $3,981,990 FTL Firetail Resources 0.105 0% 5% 8% -6% $15,635,083 IR1 Irismetals 1.455 5% -3% -12% 30% $168,794,625 LNR Lanthanein Resources 0.007 0% -13% -13% -1% $7,851,029 DAL Dalaroometalsltd 0.031 -11% 0% -40% -7% $2,856,000 TKM Trek Metals Ltd 0.052 4% 2% 58% -2% $24,882,004 CY5 Cygnus Metals Ltd 0.155 0% -7% -3% -23% $44,956,609 TUL Tulla Resources 0 0% -100% -100% -33% $118,262,971 WES Wesfarmers Limited 53.99 0% 2% 2% 808% $61,451,049,728 LLL Leolithiumlimited 0.505 0% 0% 0% 2% $498,553,663 OCN Oceanalithiumlimited 0.18 44% 44% 6% -17% $6,634,563 A11 Atlantic Lithium 0.51 -10% 28% -2% -11% $345,916,538 CMD Cassius Mining Ltd 0.035 -3% 0% -10% 2% $17,882,215 VSR Voltaic Strategic 0.021 5% -16% -13% 0% $9,662,078 SGQ St George Min Ltd 0.036 -3% -20% -10% -3% $34,922,011 LLO Lion One Metals Ltd 1 0% 1% -5% -17% $14,688,840 PAT Patriot Lithium 0.19 -12% -10% 12% -8% $14,731,183 PL3 Patagonia Lithium 0.14 0% 8% -7% 0% $6,860,490 BUR Burleyminerals 0.18 3% -16% 13% -4% $17,726,932 CHR Charger Metals 0.33 0% 10% 136% -12% $20,497,741 RMX Red Mount Min Ltd 0.004 0% 0% 0% 0% $10,694,304 DLI Delta Lithium 0.515 5% -6% -25% 5% $261,544,665 LM1 Leeuwin Metals Ltd 0.23 0% -13% -29% 0% $10,300,550 ENT Enterprise Metals 0.004 0% 33% 0% -1% $3,197,884 FIN FIN Resources Ltd 0.031 0% -3% 35% 1% $20,124,230 DTM Dart Mining NL 0.019 0% 6% -12% -4% $3,683,066 NIS Nickelsearch 0.11 5% -8% 96% -5% $18,789,266 EG1 Evergreenlithium 0.195 5% 8% -25% 0% $10,402,550 MAN Mandrake Res Ltd 0.037 3% 3% 3% 0% $21,555,357 FBM Future Battery 0.075 -17% -12% -38% 2% $45,891,539 XTC Xantippe Res Ltd 0.001 0% 0% 0% 0% $17,528,005 LPM Lithium Plus 0.52 5% 1% 11% 15% $42,564,159 KOB Kobaresourceslimited 0.077 -8% -8% 1% -6% $8,855,000 EMC Everest Metals Corp 0.095 0% 8% -24% 2% $15,511,895 LRD Lordresourceslimited 0.078 -4% 13% 16% -9% $3,007,702 IEC Intra Energy Corp 0.004 33% 0% -20% 0% $4,982,345 REC Rechargemetals 0.135 0% 13% -18% 0% $15,032,516 SLM Solismineralsltd 0.2 -9% -15% -27% 13% $17,126,715 AZS Azure Minerals 4.02 1% 3% 68% 380% $1,830,131,504 DYM Dynamicmetalslimited 0.18 0% -12% -3% 0% $6,300,000 TOR Torque Met 0.16 0% -18% -53% -2% $20,947,853 SBR Sabre Resources 0.044 7% 16% 22% 1% $14,644,739 ICL Iceni Gold 0.059 0% 2% -18% -2% $14,151,571 TMX Terrain Minerals 0.004 0% -20% 0% 0% $5,413,711 MHC Manhattan Corp Ltd 0.004 0% -11% 0% 0% $11,747,919 MHK Metalhawk. 0.235 31% 0% 180% 7% $14,260,600 NKL Nickelxltd 0.058 -11% -9% -5% -2% $5,707,986 TMB Tambourahmetals 0.125 -7% -19% 0% 2% $11,196,948 ANX Anax Metals Ltd 0.029 -9% -9% -17% -2% $15,389,364 PMT Patriotbatterymetals 1.03 -5% -6% -15% 28% $426,400,986 BM8 Battery Age Minerals 0.195 -3% -3% -15% -31% $17,827,378 L1M Lightning Minerals 0.15 7% 15% 11% -2% $5,701,509 ADG Adelong Gold Limited 0.006 -14% 0% -14% 0% $4,174,256 TOR Torque Met 0.16 0% -18% -53% -2% $20,947,853 AL8 Alderan Resource Ltd 0.008 14% -38% -43% 0% $7,748,029 OZM Ozaurum Resources 0.2 54% 29% 102% 13% $20,637,500 FL1 First Lithium Ltd 0.535 -6% 41% 106% 36% $39,929,450 PLN Pioneer Lithium 0.295 4% -5% -18% 0% $8,101,125 WYX Western Yilgarn NL 0.125 14% 9% 30% -1% $5,462,325 RDN Raiden Resources Ltd 0.076 21% 95% 230% 7% $156,372,126 PFE Panteraminerals 0.062 0% 7% 5% -5% $6,638,498 GRE Greentechmetals 0.74 -4% -13% 164% 60% $49,875,466 OLY Olympio Metals Ltd 0.15 0% 11% -6% 1% $9,539,925 SUM Summitminerals 0.11 0% 10% 0% -4% $5,242,284 JBY James Bay Minerals 0.395 3% 23% 11% 0% $12,491,325 SCN Scorpion Minerals 0.053 -4% 4% -4% -2% $19,068,841 JNO Juno 0.08 0% 3% 1% -2% $12,912,240 CC9 Chariot Corporation 0.425 16% 27% 0% 0% $26,766,022 OBM Ora Banda Mining Ltd 0.18 -3% 13% 80% 10% $315,507,301 RON Roninresourcesltd 0.19 6% 52% 36% 3% $6,155,657 CXB0 ASRA MINERALS LTD. 0.000075 0% 50% 88% 0% $10,849,778 ASR Asra Minerals Ltd 0.014 0% 56% 75% -1% $20,386,879

WordPress Tables Plugin

The post Eye on Lithium: Livent wary of big billionaire blockers; Galan’s Glencore deal turns heads appeared first on Stockhead.