Wesfarmers (ASX:WES) share price hits new all-time high fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
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Acceleration of new lithium projects looks set to be the biggest outcome of a $4 billion merger between Orocobre and Galaxy Resources, with the man who will lead the merged entity declaring it will be âfull speed aheadâ on a long list of growth projects.
Orocobre and Galaxy currently have one lithium production asset each, but the merged entity could have four in the medium term, a new downstream processing plant plus a raft of brownfield expansion options.
The sequencing of those growth projects looms as a major decision for Orocobre chief executive Martin Perez De Solay, but on Monday he indicated projects were more likely to be accelerated rather than delayed once the merger was formalised.
Rio Tinto PLC s recent production of lithium in California could mark a step change in the mining industry proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Some ASX shares are seeing much higher levels of growth because of the impacts of COVID-19.
With international travel still being restricted, lots of people are re-directing their household spending to other areas, which is boosting many ASX retail shares. There are also some healthcare businesses that are involved directly in the fight against the pandemic.
These two ASX shares could be ones to watch:
The Sonic share price is only up 11.5% from where it was on 14 March 2020, yet the company is reporting much higher levels of revenue and profit because of COVID-19 testing. It’s possible that COVID-19 testing could go on for years.