NYSE-listed manufacturer Valmont Industries is seeking a cashed up private equity or strategic buyer for its Australian-based steel products business, Webforge Locker.
By Alex Druce
Lithium miner Pilbara Minerals climbed to a new high of $2.06 in early trade as the battery-making material continues its stellar 2021, with demand for electric vehicles and tightening supply keeping spot prices high.
The $5.7 billion Pilbara Minerals jumped by as much as 4.6 per cent at the open and was last trading at $2.03, joining fellow lithium players Mineral Resources, Liontown Resources, and Vulcan Energy in positive territory.
Elsewhere, Orocobre was flat at $8.45, IGO fell 0.6 per cent to $9.44, and Galaxy Resources dropped 0.4 per cent to $4.80.
Pilbara Minerals managing director and chief executive Ken Brinsden at the annual Diggers and Dealers conference.
Bank of Queensland’s brokers are lining up investors for a $1.35 billion capital raising ahead of an ME Bank takeover expected to be announced on Monday.