The Piedmont (ASX:PLL) share price surged 12% today. Here’s why
Aaron Teboneras | February 9, 2021 4:43pm |
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The
At market close, shares in the Australian lithium miner finished the day at 74.5 cents, up 12%.
New appointment
The Piedmont share price moved higher today after the company’s appointment of experienced mining executive Todd Hannigan to its leadership team. His new role as non-executive director took immediate effect from yesterday.
Piedmont noted that Mr Hannigan would bring a wealth of experience to the company with industry knowledge and corporate relationships. His focus on battery manufacturing and advanced materials is expected to help progress Piedmont’s Lithium Project in the United States.
Piedmont Lithium Ltd appoints experienced mining company executive Todd Hannigan as non-executive director proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Why ASX energy shares in this beaten down sector could rally in 2021
Bernd Struben | December 22, 2020 3:57pm |
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The imminent death of fossil fuels has been trumpeted by all manner of analysts for decades now.
Tied into that are the forecasts of an ever-declining market – and share prices – for the companies that dig up and process fossil fuels.
Topping the list of energy sources we’ve repeatedly heard are destined for the near-term scrapheap is coal. Particularly thermal coal, the variety used to generate electricity, over coking coal, which sees more use in the manufacture of steel.
Now coal shares, and the investors who back them, have become increasingly controversial as the world tries to de-carbonise in an effort to mitigate climate change.
Australia PM warns of ‘lose-lose’ in any China coal shift
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose” for the environment and their trading relationship.
Chinese media on Monday reported that China’s top economic planner had granted approval to power plants to import coal without clearance restrictions, except for Australia.
Coal is the third largest export from Australia, which is in a diplomatic row with China, its largest trading partner, which imposed trade reprisals after Canberra called for an international inquiry into the source of COVID-19.