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Pilbara Minerals vaults 30% on Chinese offtake deal

Australian lithium explorer Pilbara Minerals (ASX:PLS) took a big step today towards its goal of becoming a low-cost lithium producer, by completing offtake arrangements for its flagship Pilgangoora project in the Pilbara region of Western Australia.

Big oil betting on electric vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.