Showing posts with label Mining. Show all posts
Showing posts with label Mining. Show all posts
Wednesday, 4 April 2018
Tuesday, 20 March 2018
ASX: Shares that have hit 52-week highs
Australian Stock Markets
These 3 companies are sitting at 52-week highs, with their 1-year share price graphs looking pretty healthy at present.
Premier Investments Limited (ASX: PMV)
Specialty retail mover and shaker Premier Investments Limited hit a 52-week high today when its share price surged to $15.47, up from a 52-week low of $12.01 with investors rallying behind the company as Chairman Solomon Lew takes a firm stand on skyrocketing commercial rents.
Lew has threatened to pull the company’s high-sales brands, including stationary supplier Smiggle and well-known sleepwear giant Peter Alexander, from shopping centre sites where cheaper rates are given to overseas competitors.
Strong sales out of Smiggle was behind Premier Investment’s 9.3% rise net profit when half-year results were released last week, with NPAT at $78.6 million and underlying EBIT at $102.5 million – the first time Premier has booked a result above $100 million for half-year results.
Shareholders have been extra buoyed by the announcement of a 29c per share fully-franked dividend – an increase of 11.5% on dividends from the previous corresponding period.
Headlines like Lew’s strong stance against unworkable commercial rents have done little to dampen investor sentiment, possibly even giving it a further boost – although Lew is usually true to his word.
Premier pulled its flagship Portman’s store out of Melbourne’s Bourke Street Mall last year when rent negotiations failed with the landlord.
Premier owns a 10.8% stake in department store chain Myer Holdings Ltd (ASX: MYR), which is expected to hand down hotly-anticipated financial results this week.
Northern Star Resources Ltd (ASX: NST)
Shares in gold production and exploration company Northern Star Resources Ltd were up 1.2% at the time of writing to $6.69 – a 52-week high for the stock which has tracked up steadily from a 52-week low of $3.95.
Northern Star has possibly joined its peers as a “safe haven” stock in the last two weeks as investors rattled by US index slumps rallied around blue chip resource players they felt they could trust, with shares in Evolution Mining Ltd (ASX: EVN), Resolute Mining Limited (ASX: RSG) and Regis Resources Limited (ASX: RRL) also showing upward trends in share price as volatile conditions played out in other market sectors.
Northern Star recently announced its move to gobble up Westgold Resources Ltd’s (ASX: WGX) South Kalgoorlie operations for $80 million in an effort to add mill capacity to its operations to meet its production goals.
All eyes are on the company’s Millennium Mine project for the second half of FY18, which is speculated to increase NPAT.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Shares in Australian media and entertainment group Nine Entertainment Co Holdings Ltd are down 3.35% at the time of writing to $2.31 after a stellar track upwards in the last 12-months to hit a 52-week high of $2.39 on March 19.
Nine has suffered through some bad publicity this week after morning show anchor Karl Stefanovic hit the headlines for an unsavoury public discussion with his brother that saw the pair berate network colleagues.
Shares in Nine Entertainment have trended upwards steadily since the release of half-year results in late February which saw net profit and revenue jump 55% and 9% respectively.
But Nine has followed peers Seven West Media Ltd (ASX: SWM), HT&E Ltd (ASX: HT1) into the red today, with Seven dropping to 57c per share at the time of writing and HT&E sliding 2.2% to $1.78.
Premier Investments Limited (ASX: PMV)
Specialty retail mover and shaker Premier Investments Limited hit a 52-week high today when its share price surged to $15.47, up from a 52-week low of $12.01 with investors rallying behind the company as Chairman Solomon Lew takes a firm stand on skyrocketing commercial rents.
Lew has threatened to pull the company’s high-sales brands, including stationary supplier Smiggle and well-known sleepwear giant Peter Alexander, from shopping centre sites where cheaper rates are given to overseas competitors.
Strong sales out of Smiggle was behind Premier Investment’s 9.3% rise net profit when half-year results were released last week, with NPAT at $78.6 million and underlying EBIT at $102.5 million – the first time Premier has booked a result above $100 million for half-year results.
Shareholders have been extra buoyed by the announcement of a 29c per share fully-franked dividend – an increase of 11.5% on dividends from the previous corresponding period.
Headlines like Lew’s strong stance against unworkable commercial rents have done little to dampen investor sentiment, possibly even giving it a further boost – although Lew is usually true to his word.
Premier pulled its flagship Portman’s store out of Melbourne’s Bourke Street Mall last year when rent negotiations failed with the landlord.
Premier owns a 10.8% stake in department store chain Myer Holdings Ltd (ASX: MYR), which is expected to hand down hotly-anticipated financial results this week.
Northern Star Resources Ltd (ASX: NST)
Shares in gold production and exploration company Northern Star Resources Ltd were up 1.2% at the time of writing to $6.69 – a 52-week high for the stock which has tracked up steadily from a 52-week low of $3.95.
Northern Star has possibly joined its peers as a “safe haven” stock in the last two weeks as investors rattled by US index slumps rallied around blue chip resource players they felt they could trust, with shares in Evolution Mining Ltd (ASX: EVN), Resolute Mining Limited (ASX: RSG) and Regis Resources Limited (ASX: RRL) also showing upward trends in share price as volatile conditions played out in other market sectors.
Northern Star recently announced its move to gobble up Westgold Resources Ltd’s (ASX: WGX) South Kalgoorlie operations for $80 million in an effort to add mill capacity to its operations to meet its production goals.
All eyes are on the company’s Millennium Mine project for the second half of FY18, which is speculated to increase NPAT.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Shares in Australian media and entertainment group Nine Entertainment Co Holdings Ltd are down 3.35% at the time of writing to $2.31 after a stellar track upwards in the last 12-months to hit a 52-week high of $2.39 on March 19.
Nine has suffered through some bad publicity this week after morning show anchor Karl Stefanovic hit the headlines for an unsavoury public discussion with his brother that saw the pair berate network colleagues.
Shares in Nine Entertainment have trended upwards steadily since the release of half-year results in late February which saw net profit and revenue jump 55% and 9% respectively.
But Nine has followed peers Seven West Media Ltd (ASX: SWM), HT&E Ltd (ASX: HT1) into the red today, with Seven dropping to 57c per share at the time of writing and HT&E sliding 2.2% to $1.78.
Thursday, 15 March 2018
ASX: These shares are pushing higher today
Australian Stock Markets
Four shares that have managed to defy the market today are listed below. Here’s why they have pushed higher:
In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for its third successive day of declines and is down 0.15% to 5,926 points.
The Altura Mining Ltd (ASX: AJM) share price has stormed 8% higher to 42.5 cents after the prospective lithium producer advised that it has been in discussions with Shaanxi J&R Optimum Energy Co. regarding a potential control transaction. Management has, however, warned that these discussions with the vehicle battery developer are at an early stage and there is no guarantee that anything will come of it.
The Argosy Minerals Limited (ASX: AGY) share price has climbed 7.5% to 35.5 cents.
This morning the lithium-focused mineral exploration company announced that it has been granted approval to construct the remaining stage 2 lithium evaporation ponds at its Rincon Lithium Project in Argentina.
In addition to this, it stated that its stage 1 lithium brine concentrate processing work is imminent.
The Experience Co Ltd (ASX: EXP) share price has pushed 10% higher to 72.5 cents despite there being no news out of the adventure company.
However, prior to today its shares were down 26% year-to-date.
This could mean that bargain hunters think its shares have fallen too far now and have swooped in.
The SKY and Space Global Ltd (ASX: SAS) share price is up 4% to 13 cents after the global communication infrastructure company announced that it has signed an operational evaluation agreement with Globalsat Group.
The agreement aims to formalise the final step towards providing machine to machine and Internet of Things services in Central and South America.
This is expected to lead to the signing of a commercial binding agreement within two months.
In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for its third successive day of declines and is down 0.15% to 5,926 points.
The Altura Mining Ltd (ASX: AJM) share price has stormed 8% higher to 42.5 cents after the prospective lithium producer advised that it has been in discussions with Shaanxi J&R Optimum Energy Co. regarding a potential control transaction. Management has, however, warned that these discussions with the vehicle battery developer are at an early stage and there is no guarantee that anything will come of it.
The Argosy Minerals Limited (ASX: AGY) share price has climbed 7.5% to 35.5 cents.
This morning the lithium-focused mineral exploration company announced that it has been granted approval to construct the remaining stage 2 lithium evaporation ponds at its Rincon Lithium Project in Argentina.
In addition to this, it stated that its stage 1 lithium brine concentrate processing work is imminent.
The Experience Co Ltd (ASX: EXP) share price has pushed 10% higher to 72.5 cents despite there being no news out of the adventure company.
However, prior to today its shares were down 26% year-to-date.
This could mean that bargain hunters think its shares have fallen too far now and have swooped in.
The SKY and Space Global Ltd (ASX: SAS) share price is up 4% to 13 cents after the global communication infrastructure company announced that it has signed an operational evaluation agreement with Globalsat Group.
The agreement aims to formalise the final step towards providing machine to machine and Internet of Things services in Central and South America.
This is expected to lead to the signing of a commercial binding agreement within two months.
Tuesday, 13 March 2018
UK shares dragged down by disappointing earnings
European Stock Markets
The FTSE was flat by 0901 GMT, while the mid cap index .FTMC fell 0.4 percent, dragged by a plunge in Greencore shares after the food manufacturer cut its 2018 profit guidance due to issues at its US business.
Investec placed its forecasts and price target under review, noting that even though commercial developments gave the group confidence that the financial performance will improve through into FY19 this was late then management had originally expected.
Greencore (GNC.L) was down 22 percent, the biggest faller among mid caps and set its biggest one-day loss ever.
Still among mid caps, TC ICAP (TCAPI.L) fell 5.6 percent after annual profits at the world’s largest interdealer broker fell short of analyst expectations.
On the FTSE, however, Antofagasta (ANTO.L) rose 2.7 percent following a well-received trading update.
The Chilean miner Antofagasta reported a sharp rise in full-year earnings thanks to higher copper prices and said it would raise its dividend by 177 percent.
In the heavyweight mining sector, Glencore (GLEN.L) and Randgold (RRS.L) both rose 1.6 percent, helping the FTSE offset weakness among consumer staple stocks.
Direct Line (DLGD.L) was the biggest faller on the FTSE with a downgrade at Deutsche Bank to hold from buy sending its shares d own 1.6 percent.
Elsewhere, tonic water maker Fevertree Drinks (FEVR.L) fell 4 percent after hitting a record high in the previous session as a 64 percent jump in full-year core earnings failed to excite investors.
Later in the session, investors will also keep an eye on finance minister’s half-yearly update on the public finances. Philip Hammond is expected to announce an improvement in the country’s slow economic growth outlook but no policy tweak is expected.
Tuesday, 27 February 2018
ASX: Top 3 energy shares for oil price bulls
Australian Stock Markets
Manufacturers and car makers have bold plans to replace fossil fuels
with renewables and batteries, which is good news for rare earth mining
companies.
But there’s still plenty of punch yet to be packed for these three S&P/ASX 200 oil and gas producers that every growth investor should have in their portfolio.
Woodside Petroleum Limited
An oil and gas company involved in hydrocarbon exploration, evaluation and development, Woodside Petroleum has recently garnered strong support from institutional investors in its $2.5 billion equity raising strategy to buy a greater stake in Western Australia’s Scarborough gas field.
Woodside released full year results a fortnight ago, showcasing the company’s strong cash flow, steady output and healthy margins, with free cash flow up more than 600% to US$830 million, despite Wheatstone capital expenditure costs and assets yet to produce revenue. Woodside’s net profit rose 18% for the FY17 to hit US$1 billion while revenue was down slightly to US$3.9 billion and EBIT up to US$1.7 billion. Woodside is tracking 4.5% below its 200-day moving average on a downward trend, opening down slightly to $28.92 today, down almost 7% from its share price of $31.11 at the same time last year. Woodside produces 7% of the global LNG supply. Woodside shareholders will receive a fully-franked interim dividend of 49 US cents per share, but it will be interesting to watch trading volumes for the company if the share price continues to decline and many may choose to jump on board, with the company poised to take advantage of plenty of growth opportunities in the near future.
Santos Ltd
Santos Ltd operates in the exploration, development, production, transportation and marketing of hydrocarbons, with share prices down today to $5.04 after a fairly steadily upwards swing over the last 12 months from $3.75 at this time last year. Santos has spent much of the last 12 months paying off debt, cutting costs, and slashing dividends, while oil prices have generally been on the rise.
The release of its full-year results on February 21 saw Santos report a 433% increase in underlying profit to US$336 million excluding the net impairment taken at half-year and other significant items.
Operating cash flow rose 49% to US$1.2 billion and free cash flow was up 200% to US$618 million.
With Santos Managing Director and CEO Kevin Gallagher pointing to the removal of substantial costs and reducing net debt as underpinning the strong result, Santos moves into its next year of reporting more resilient, with a focus on “the capacity to execute and bring on-line “growth opportunities across its core long-life natural gas assets.” Investors might be waiting for prices to drop a bit before they buy in, but there is no secret that Santos has good prospects on the horizon as it pursues appraisal drilling in PNG and the search for new opportunities around its Western Australian assets. It is also ramping up activity in the Cooper Basin with all guidance for 2018 maintained.
Beach Energy Ltd
Share prices in Adelaide-based oil and gas exploration and production company Beach Energy Ltd were at $1.36 at the time of writing after tracking up steadily from a low of 55c per share a year ago.
Beach announced its half-year results last week, with a 7% drop in profit to $95.7 million – impacted by transaction costs for the Lattice takeover – and an up-tick in sales of 12% to $385.9 million.
The report noted outstanding performance out of the Cooper Basin, with a lift in guidance for the project for FY18 and details of Beach’s plans to return focus to South Australia and continue to capitalise on the Cooper Basin’s strong performance. But despite cost-cutting practices in play, shareholders have been considered as high-priority for Beach yet again, with the company declaring a half-year dividend of 1c per share fully franked. Beach’s Cooper Basin focus will be backed up by its plans to divest Otway gas project, with a deal expected to be struck in 6-12 months.
Analysts have named Beach as a bit expensive at present, but growth investors should keep this one on their watch list.
But there’s still plenty of punch yet to be packed for these three S&P/ASX 200 oil and gas producers that every growth investor should have in their portfolio.
Woodside Petroleum Limited
An oil and gas company involved in hydrocarbon exploration, evaluation and development, Woodside Petroleum has recently garnered strong support from institutional investors in its $2.5 billion equity raising strategy to buy a greater stake in Western Australia’s Scarborough gas field.
Woodside released full year results a fortnight ago, showcasing the company’s strong cash flow, steady output and healthy margins, with free cash flow up more than 600% to US$830 million, despite Wheatstone capital expenditure costs and assets yet to produce revenue. Woodside’s net profit rose 18% for the FY17 to hit US$1 billion while revenue was down slightly to US$3.9 billion and EBIT up to US$1.7 billion. Woodside is tracking 4.5% below its 200-day moving average on a downward trend, opening down slightly to $28.92 today, down almost 7% from its share price of $31.11 at the same time last year. Woodside produces 7% of the global LNG supply. Woodside shareholders will receive a fully-franked interim dividend of 49 US cents per share, but it will be interesting to watch trading volumes for the company if the share price continues to decline and many may choose to jump on board, with the company poised to take advantage of plenty of growth opportunities in the near future.
Santos Ltd
Santos Ltd operates in the exploration, development, production, transportation and marketing of hydrocarbons, with share prices down today to $5.04 after a fairly steadily upwards swing over the last 12 months from $3.75 at this time last year. Santos has spent much of the last 12 months paying off debt, cutting costs, and slashing dividends, while oil prices have generally been on the rise.
The release of its full-year results on February 21 saw Santos report a 433% increase in underlying profit to US$336 million excluding the net impairment taken at half-year and other significant items.
Operating cash flow rose 49% to US$1.2 billion and free cash flow was up 200% to US$618 million.
With Santos Managing Director and CEO Kevin Gallagher pointing to the removal of substantial costs and reducing net debt as underpinning the strong result, Santos moves into its next year of reporting more resilient, with a focus on “the capacity to execute and bring on-line “growth opportunities across its core long-life natural gas assets.” Investors might be waiting for prices to drop a bit before they buy in, but there is no secret that Santos has good prospects on the horizon as it pursues appraisal drilling in PNG and the search for new opportunities around its Western Australian assets. It is also ramping up activity in the Cooper Basin with all guidance for 2018 maintained.
Beach Energy Ltd
Share prices in Adelaide-based oil and gas exploration and production company Beach Energy Ltd were at $1.36 at the time of writing after tracking up steadily from a low of 55c per share a year ago.
Beach announced its half-year results last week, with a 7% drop in profit to $95.7 million – impacted by transaction costs for the Lattice takeover – and an up-tick in sales of 12% to $385.9 million.
The report noted outstanding performance out of the Cooper Basin, with a lift in guidance for the project for FY18 and details of Beach’s plans to return focus to South Australia and continue to capitalise on the Cooper Basin’s strong performance. But despite cost-cutting practices in play, shareholders have been considered as high-priority for Beach yet again, with the company declaring a half-year dividend of 1c per share fully franked. Beach’s Cooper Basin focus will be backed up by its plans to divest Otway gas project, with a deal expected to be struck in 6-12 months.
Analysts have named Beach as a bit expensive at present, but growth investors should keep this one on their watch list.
Tuesday, 28 November 2017
Declines in energy and mining stocks after Chinese shares drop
Asian Stock Markets
Declines in energy and mining stocks led Asian shares lower after oil
and metal prices extended a drop, and Chinese equities’ losses
deepened. The dollar was steady amid uncertainty over the U.S. tax bill.
Chinese shares traded in Hong Kong fell amid concerns Chinese regulators will limit the flow of mainland funds into the city’s stocks. The yen pared gains after a rally partly fueled by a Kyodo News report that Japan detected radio signals suggesting North Korea is preparing for a missile launch. The Bloomberg dollar index inched lower as the U.S. tax debate gets underway. Oil fell for a second day after slumping from two-year highs. Copper and nickel led industrial metals lower.
China’s stocks have come under pressure in the last week after the government sounded alarm bells about a potential stock bubble and bond yields soared toward 4 percent amid efforts by authorities to reduce risk in the country’s financial markets. A gauge of Chinese shares traded in Hong Kong dropped more than 1 percent, weighing on the Hang Seng Index.
Stocks
The Topix index fell 0.3 percent at the close in Tokyo and the Nikkei 225 Stock Average ended flat.
Hong Kong’s Hang Seng Index fell 0.6 percent as the Hang Seng China Enterprises Index declined 1 percent. The CSI 300 Index of Chinese large-caps, which has born the brunt of the recent selloff, was down 0.1 percent after dropping as much as 1 percent earlier.
Futures on the S&P 500 fell 0.1 percent. The main gauge fell less than 0.05 percent in New York.
The MSCI Asia Pacific Index dropped 0.3 percent. A subindex of energy companies and a gauge of mining stocks were the biggest decliners among subgroups in the index as a drop in metals continued in Asia.
Currencies
The Bloomberg Dollar Spot Index fell less than 0.1 percent.
The yen dipped 0.1 percent to 111.18 per dollar after climbing 0.4 percent on Monday to the strongest in 10 weeks.
The New Zealand dollar advanced 0.4 percent to 69.38 per dollar ahead of a central bank financial stability review.
The euro was little changed at $1.1903 after its first decline in a week.
The pound traded at $1.3329.
Bonds
The yield on 10-year Treasuries held at 2.33 percent.
Australia’s 10-year bond yield fell three basis points to 2.49 percent.
Commodities
West Texas Intermediate crude extended a decline, falling 0.6 percent to $57.76 a barrel.
Gold was steady at $1,294.16 an ounce, around the highest in over five weeks.
Copper on the LME fell for a second day, down 1.4 percent to $6,846.50 a ton. Nickel on the LME dropped 1.7 percent.
Chinese shares traded in Hong Kong fell amid concerns Chinese regulators will limit the flow of mainland funds into the city’s stocks. The yen pared gains after a rally partly fueled by a Kyodo News report that Japan detected radio signals suggesting North Korea is preparing for a missile launch. The Bloomberg dollar index inched lower as the U.S. tax debate gets underway. Oil fell for a second day after slumping from two-year highs. Copper and nickel led industrial metals lower.
China’s stocks have come under pressure in the last week after the government sounded alarm bells about a potential stock bubble and bond yields soared toward 4 percent amid efforts by authorities to reduce risk in the country’s financial markets. A gauge of Chinese shares traded in Hong Kong dropped more than 1 percent, weighing on the Hang Seng Index.
Stocks
The Topix index fell 0.3 percent at the close in Tokyo and the Nikkei 225 Stock Average ended flat.
Hong Kong’s Hang Seng Index fell 0.6 percent as the Hang Seng China Enterprises Index declined 1 percent. The CSI 300 Index of Chinese large-caps, which has born the brunt of the recent selloff, was down 0.1 percent after dropping as much as 1 percent earlier.
Futures on the S&P 500 fell 0.1 percent. The main gauge fell less than 0.05 percent in New York.
The MSCI Asia Pacific Index dropped 0.3 percent. A subindex of energy companies and a gauge of mining stocks were the biggest decliners among subgroups in the index as a drop in metals continued in Asia.
Currencies
The Bloomberg Dollar Spot Index fell less than 0.1 percent.
The yen dipped 0.1 percent to 111.18 per dollar after climbing 0.4 percent on Monday to the strongest in 10 weeks.
The New Zealand dollar advanced 0.4 percent to 69.38 per dollar ahead of a central bank financial stability review.
The euro was little changed at $1.1903 after its first decline in a week.
The pound traded at $1.3329.
Bonds
The yield on 10-year Treasuries held at 2.33 percent.
Australia’s 10-year bond yield fell three basis points to 2.49 percent.
Commodities
West Texas Intermediate crude extended a decline, falling 0.6 percent to $57.76 a barrel.
Gold was steady at $1,294.16 an ounce, around the highest in over five weeks.
Copper on the LME fell for a second day, down 1.4 percent to $6,846.50 a ton. Nickel on the LME dropped 1.7 percent.
Thursday, 23 November 2017
Top broker slaps $22.30 price target on Mineral Resources Limited shares
Australian Stock Markets
Although it has sunk into the red today, the Mineral Resources Limited (ASX: MIN) share price has still gained over 54% since the start of the year.
Can its shares go higher?
According to one leading broker, there could still be meaningful upside ahead for its shares over the next 12 months following the miner and mining services company’s annual general meeting yesterday.
A broker note out of Morgan Stanley this morning reveals that its analysts have retained their overweight rating and increased the price target on its shares to $22.30.
This price target implies potential upside of approximately 19% from the current share price.
According to the note, the broker believes that Mineral Resources has the potential to expand its lithium production significantly in the future, making it a great option for investors looking to gain exposure to the fast-growing lithium industry.
Should you invest?
I would have to agree with Morgan Stanley on this one. I believe its Mount Marion and Wodgina sites have significant potential and can make Mineral Resources one of the biggest players in the industry.
Which is certainly great timing given the high prices the metal is commanding and the strong demand from battery manufacturers due to the rapid rise in electric vehicle usage.
As I mentioned yesterday, recent data provided by Bloomberg shows that global sales of battery-powered electric vehicles and plug-in hybrids exceeded 287,000 units during the September quarter. This was an impressive 63% increase on the prior corresponding period and 23% higher from the second-quarter of 2017.
In my opinion, this could mean lithium miners such as Mineral Resources, Galaxy Resources Limited (ASX: GXY), Pilbara Minerals Ltd (ASX: PLS), and Orocobre Limited (ASX: ORE) have very bright futures ahead of them.
Can its shares go higher?
According to one leading broker, there could still be meaningful upside ahead for its shares over the next 12 months following the miner and mining services company’s annual general meeting yesterday.
A broker note out of Morgan Stanley this morning reveals that its analysts have retained their overweight rating and increased the price target on its shares to $22.30.
This price target implies potential upside of approximately 19% from the current share price.
According to the note, the broker believes that Mineral Resources has the potential to expand its lithium production significantly in the future, making it a great option for investors looking to gain exposure to the fast-growing lithium industry.
Should you invest?
I would have to agree with Morgan Stanley on this one. I believe its Mount Marion and Wodgina sites have significant potential and can make Mineral Resources one of the biggest players in the industry.
Which is certainly great timing given the high prices the metal is commanding and the strong demand from battery manufacturers due to the rapid rise in electric vehicle usage.
As I mentioned yesterday, recent data provided by Bloomberg shows that global sales of battery-powered electric vehicles and plug-in hybrids exceeded 287,000 units during the September quarter. This was an impressive 63% increase on the prior corresponding period and 23% higher from the second-quarter of 2017.
In my opinion, this could mean lithium miners such as Mineral Resources, Galaxy Resources Limited (ASX: GXY), Pilbara Minerals Ltd (ASX: PLS), and Orocobre Limited (ASX: ORE) have very bright futures ahead of them.
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