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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.
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âThereâs also a much broader picture to the growth in government regulatory work than just financial services,â she added, pointing to the Crown casino inquiry and government attempts to regulate the energy transition to net zero as examples.
The managing partner of west coast outfit Lavan, Dean Hely, said there was a solid pipeline of work as all levels of government looked to spend their way out of the COVID-19 recession.
He said governmentsâ increased spend on infrastructure post-COVID-19 had triggered new work, while âthe state governmentâs commitment to support local business by sourcing goods and services from West Australian organisationsâ was fuelling demand closer to home.
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