Scott Morrison s UN speech will urge world leaders to stand up to China afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
After a briefing on its multitude of businesses, Wesfarmers' priorities can be summed in terms of enhanced digital investment and product expansion, both vertically and through adjacent categories
Wesfarmers to resist price rises
Share
Wesfarmers will attempt to gain market share across its retail and industrial businesses by absorbing or offsetting rising costs rather than passing them onto consumers.
Prices for raw materials such as cotton, products such as lumber, and the cost of shipping containers has soared amid booming global demand, but Wesfarmers chief executive Rob Scott said the conglomerate would do what it could to avoid raising prices.
CEO Rob Scott: “When cost prices go up, Wesfarmers’ businesses do everything they can to keep prices down because that’s what our customers depend on us for.”
Surging lithium demand sets stage for big deals
The $4 billion merger between Orocobre and Galaxy is about building scale ahead of a lithium supply deficit.Â
Updated
Save
Share
The deal, announced on Monday, will unite the two in a merger of near equals. Orocobre shareholders will control 54.2 per cent of the company, which will be run by Orocobre chief executive Martin Perez de Solay, with Galaxy chairman Martin Rowley to lead the board.
Electric car sales are underpinning lithium demand. Â
David Rowe
Itâs a deal that creates the fifth-largest lithium chemicals company in the world. But perhaps more importantly for the two shareholder groups, it provides increased scale and diversification that should help the merged entity ride the ups and downs of both the lithium market and of mine development.