Australian firm Lake Resources NL (ASX:LKE) saw its shares dip by as much as 24.4% to A$0.087, the biggest intraday plunge the company has experienced since June 2023.

This fall has brought the company’s shares to their lowest level since February 6.

The lithium developer received firm agreements in an institutional placement to raise A$15 million at an issue price of A$0.07 per share.

This price signifies a discount of 39.1% to the last closure of the company’s stock.

The issue of 213.6 million shares makes up approximately 0.2% of the company’s free float of 1.18 billion shares, according to LSEG data.

The company’s stock has declined by 11.5% Year to Date at last closure.

Lake Resources NL (ASX:LKE) is a lithium developer based in Australia.

Shares of Pilbara Minerals (ASX:PLS) saw an increase of up to 4.8%, reaching A$4.19 and marking their largest intraday gain since March 1st.

The stock achieved its highest level in a week.

The substantial rise is due to the lithium miner signing an agreement with Sichuan Yahua Industrial Group for the supply of spodumene concentrate from its Pilgangoora operation located in Western Australia.

The agreement further establishes a supply at market price for a period of three years.

Pilbara Minerals' stock had been up by 1.3% year-to-date as of the prior close.

Pilbara Minerals is a major lithium miner with operations centered in Western Australia.

Alumina (ASX:AWC), an Australian company, has agreed to a scheme implementation deed with U.S.

aluminum producer, Alcoa.

The deed outlines an all-stock buy-out offer from Alcoa, indicating a significant development in their business relationship.

Alumina is a significant player in the Australian aluminum sector, now set to enter into this strategic agreement with Alcoa.

Alumina (ASX:AWC) is an Australian aluminum production company involved in all stages of aluminum production from mining of bauxite to refining and smelting of aluminum.

Australian lithium miner, Pilbara Minerals (ASX:PLS), has entered into a three-year agreement with China’s Sichuan Yahua Industrial Group to supply them with spodumene concentrate from its Pilgangoora operation in Western Australia.

Spodumene is a mineral notable for its high lithium content, an integral element in the manufacturing of batteries for electric vehicles.

Supply quantities under the agreement are to range between 20 thousand tonnes (kt) and 80 kt in 2024, ultimately ramping up to between 100 kt and 160 kt in 2025.

These volumes will enable Yahua to solidify its global battery supply chain commitments and help expand Pilbara Minerals' medium-term sales profile while preserving their long-term options, said Dale Henderson, Pilbara’s Managing Director and CEO.

Sichuan Yahua Industrial Group maintains strong ties within the lithium supply chain, servicing clients such as Tesla, LG Energy Solutions, LG Chem, and Contemporary Amperex Technology.Pilbara Minerals is an Australian lithium miner with significant operations in Western Australia.

Alumina (ASX:AWC), an Australian company, has conceded to a $2.2 billion all-stock buyout offer from the American aluminium manufacturer, Alcoa.

This agreement is consistent with the proposal Alcoa put forth on February 26, where Alcoa’s CEO William Oplinger predicted that the deal would cut Alumina’s overhead costs by A$12 million ($7.93 million) annually.

As per the conditions of the transaction, Alumina shareholders are to receive 0.02854 Alcoa shares for every Alumina share they hold, resulting in a value of A$1.15 per Alumina share, which is based on Alcoa’s closing price as of February 23.

After the deal finalizes, Alumina shareholders on the record date will possess nearly 31.6% of the merged entity, whereas existing Alcoa shareholders will account for 68.4%.

In absence of a better proposal, Alumina’s leadership, including its Managing Director and CEO, recommends that shareholders approve the deal.

Alumina’s sole asset is a 40% share in the Alcoa World Alumina and Chemicals joint venture, which is supervised by Alcoa and has investments in bauxite mining, alumina refining, and aluminium smelting across Australia, Brazil, Spain, Saudi Arabia, and Guinea.

Alumina (ASX:AWC) is an Australian company principally known for its 40% stake in the Alcoa World Alumina and Chemicals joint venture, with interests spanning bauxite mining, alumina refining, and aluminium smelting in several countries.

Pilbara Minerals (ASX:PLS) announced the signing of a lithium offtake agreement with Yahua.

This deal involves the supply of spodumene concentrate from Pilbara Minerals' fully-owned Pilgangoora operation.

The pricing of all spodumene concentrate volumes will be based on the prevailing market price.

The offtake agreement is set to begin in the calendar year 2024 (CY24) for a three-year term.

In CY24, Pilbara Minerals has agreed to supply, and Yahua will take the total supply of between 20KT to 80KT of spodumene concentrate.

The supply for CY25 and CY26 will be between 100KT to 160KT of spodumene concentrate.

Pilbara Minerals is a mining and exploration company focused on the development of lithium and tantalum projects.

Pilbara Minerals (ASX:PLS), an Australian lithium miner, announced on Tuesday that it has signed an offtake agreement with Sichuan Yahua Industrial Group.

The agreement is for the supply of spodumene concentrate from Pilbara Mineral’s Pilgangoora operation situated in Western Australia.

Pilbara Minerals is a mining company focused on the extraction of lithium and tantalum.

Jefferies, the global financial services company, has reportedly reduced its price target for Australia’s uranium miner, Deep Yellow (ASX:DYL), from A$1.50 per share to A$1.40.

The adjustment incorporates a A$220 million ($145.31 million) placement into the valuation.

Jefferies outlined that Deep Yellow is pursuing a bold strategic funding approach for its Tumas project in Namibia and maintains a ‘hold’ rating on the uranium miner.

With an 11.5% increase year to date, Deep Yellow’s stock performance remains noteworthy according to the financial services company.

Deep Yellow is an uranium miner primarily based in Australia.

Citi’s financial analysts anticipate that 29Metals (ASX:29M) will resort to an equity raise to counter liquidity issues.

The brokerage firm has adjusted its price target for the copper miner, lowering it from A$0.500 to A$0.450.

Additionally, Citi expects an A$80 million equity raise for 29Metals in the first half of 2024.

Out of ten analysts, two rate the company’s stock as a ‘buy’ or higher, six advise to ‘hold’ and two recommend to ‘sell’ or lower, with their median price target being A$0.46, according to LSEG data.

The stock has seen a downward trend this year, marked by a 10.5% decrease as of the last close.

29Metals is a copper mining company based in Australia.

Asian equities followed a downtrend for a second consecutive session on Monday, falling further from record levels as investors resigned themselves to U.S.

inflation data this week that could significantly impact the Federal Reserve’s future interest rate path.

MSCI’s measure of global stocks declined by 4.17 points, or 0.54%, to 767.13, marking the first time that they have fallen over two consecutive days in nearly a month.

On Wall Street, the main indices also slipped on Monday as investors anticipated key inflation data this week that could provide clues to the Federal Reserve’s monetary policy post last week’s mixed jobs report.

On Monday at 11:16 ET, the Dow Jones Industrial Average dropped 137.47 points, or 0.36%, to a close of 38,585.22, the S&P 500 fell 19.31 points, or 0.38%, to end at 5,104.38, and the Nasdaq Composite decreased by 53.22 points, or 0.33%, to finish at 16,031.89.

In Europe, shares were dragged down by a significant sell-off in the technology sector on Monday, and investors became cautious in the lead up to a crucial U.S.

inflation report later this week that could influence expectations for interest rate reductions.

The pan-European STOXX 600 fell by 0.4% to close lower, moving away from an all-time high reached during the prior trading session.

In Japan, shares ended far lower on Monday due to chip-related stocks following their U.S.

counterparts lower, while the yen’s strength dampened appetite for exporters.

The Nikkei fell 2.19% to a close at 38,820.49, marking its largest decline since October 4.

In China, stocks gained on Monday after an upturn in consumer prices boosted hopes of economic recovery, and tech stocks led the Hong Kong market higher.

China’s blue-chip CSI300 Index ended up by 1.3%, while the Shanghai Composite Index edged 0.7% higher.

Australian shares fell back from record high levels on Monday, with heavyweight mining and banking stocks pulling down the benchmark while investors turned their attention to the central bank’s monetary policy meeting the next week.

The S&P/ASX 200 index fell 1.8% to finish at 7,704.200 after moving off the all-time peak closing of 7,847.00 on Friday.

South Korean shares fell on Monday, after reaching a more than 21-month high during the previous session, with chipmakers dragging the benchmark index lower due to profit-taking.

The benchmark KOSPI closed down 20.51 points, or 0.77%, at 2,659.84.