The acquisition closed at $5.85 per share, a 90% premium to ALTM’s closing price on Oct. 4. With lithium spot prices down in 2024, Rio Tinto got ALTM at a significant discount and acquired some ...
That undermines the economics of lepidolite mining in China, where softer EV demand and a supply glut have pushed down spot lithium carbonate prices to around 100,000 yuan from peaks near 600,000 ...
I see brighter days ahead for the company on both the capital front (they have an income producing asset) and the lithium price front (spot prices appear to be stabilizing based on mine closures ...