But lithium prices have come under pressure in 2018 because miners have ramped up production, consumers destocked supplies and a subsidies in China's new energy vehicles (NEV's) market have been pulled back.
|
|
This will mean a tighter inventory pipeline and the one positive for the market is that De Beers along with some other big diamond names has destocked and will be keen to sell inventory.
|
|
Macumba had to be completely destocked in 2008 following a severe and prolonged drought in the area. The land occupying the extent of the Macumba pastoral lease was gazetted as a locality by the Government of South Australia on 26 April 2013 under the name 'Macumba'.
|
|
The property was acquired in 1979 by the Nitschke family who also owned neighbouring Millers Creek Station. Part of the Millers Creek lease was added in 1994. By 2007 the Prominent Hill mining lease commenced and parts of the station had to be destocked. By 2014 Mount Eba was on the market.
|
|
The Corporation focused on rehabilitating the land, which had been degraded by excessive numbers of cattle, and by late 1993 Muckaty had been destocked of cattle for several seasons.Gray 1997, pp. 1, 14. On 20 December 1991, the Northern Land Council lodged a claim over Muckaty on behalf of traditional owners under the Aboriginal Land Rights Act 1976.
|
|
Nicole Kidman is listed among those who have stayed at Arkaba. The property was placed on the market again in 2012 for over 4 million. The property was taken off the market in 2014 and then completely destocked of sheep the same year. The property presently operates as a tourism resort and as a private wildlife conservancy.
|
|
By 1896 the lessee was the Union Bank of Australia and the property was being managed by Henry Roche. The area was in its third year of drought in 1897 with very little feed on the ground. By 1902 the property was almost completely destocked. At some time prior to 1906 the property had been stocked with sheep.
|
|
The area experienced a prolonged drought from 2000 to 2010, when stations such as Mount Clere had only one year of almost average rainfall. By 2010 the station had been largely destocked and was hand-feeding the remaining cattle on the property. The station owner, Greg Watters, said the land was so dry even the trees were dying, a situation he had not seen before.
|
|
The lessee, John Morrissey, died and approximately 1,400 cattle were put up for sale. Edward Wittenoom owned both Badja and nearby Hinton Station in 1909, both of which were being operated as sheep stations. Gindalbie Metals, an iron ore miner, proposed to turn part of its operations at Badja into a national radioactive waste management facility in 2015. Badja was destocked at the time and occupied an area of .
|
|
In 1960 the property was stocked with 9,504 sheep, which were shorn to produce 270 bales of wool. Western Mining Corporation applied for 16 mineral leases over an area of to search for nickel and other metals. In 2009 the lease was owned by Nickel West, a subsidiary of BHP Billiton, and was managed by Simon Kopke. Prior to 2008 Weebo was running 8,000 sheep but was completely destocked that year after experiencing problems with wild dogs.
|
|
On 27 July 2011 it was announced that Henbury Station had been sold to R.M. Williams Agricultural Holdings, a subsidiary company to boot maker R.M. Williams, managed by David Pearse. Henbury was purchased for 13 million with 9 million of funding from the Australian Government's Caring for Country initiative. The property, which formerly had 17,000 head of cattle, was destocked, allowing native vegetation to regenerate. The property was to be protected as part of the National Reserve System.
|
|
During November 2016 non-compliances were detected at leases in Macquarie Harbour, where three salmon companies farm. Tassal alerted the EPA to issues and subsequently destocked its Franklin lease in the Harbour. The lease was fallowed for 18 months, during which time Aquaculture Stewardship Council (ASC) was not pursued for the lease as there were no fish in it. In May 2017 the ASC found Tassal had failed to comply with 19 requirements for ASC Certification.
|
|
He employed Paul Edmonds as manager who convinced him to hold onto the station. The property was mostly under developed at this stage and had also been destocked to eradicate brucellosis and tuberculosis. The station was listed in 2013 along with at least 15 others following the live export ban to Indonesia. It sold later the same year, the first in 12 months to the McMillan Pasotral Company when it was stocked with 15,000 head of cattle for 15 million.
|
|
As of 2014 the property was still on the market along with at least 15 others in the Kimberley and Northern Territory. The destocked property sold later the same year for 6.5 million by the Zlotowski family to a partnership. The majority partner in the venture is BB Retail Capital, headed by Brett Blundy, and the other partner is the Bullwaddy Pastoral owned by Adrian and Emma Brown. 10,000 head of cattle were purchased from the Australian Agricultural Company to restock the property later in 2014.
|
|
The station was established in 1876 by Robert Frew along with other properties in the area including Annandale, Alton Downs and Planet Downs. Nearby Haddon Downs station was also taken up by Frew in 1877. Frew still owned the property in 1881 when he renamed the town of Diamantina Crossing to its present name of Birdsville after being amazed at the amount of birdlife found around the area. By 1903 Sidney Kidman owned the property, and at this time it was completely destocked after suffering the effects of drought and the death of many cattle.
|
|
By the following year the property occupied an area of and was carrying 20,000 cattle with 300 horses. The area was struck by drought in 1926, although Marion Downs was faring well in 1926, this changed as the drought continued and by 1928 the property had been left in the hands of care-takers and had been mostly destocked. A man from South Australia, Daniel Richardson, died of thirst at Marion Downs in 1932. The property was purchased by the North Australian Pastoral Company in 1934, following some tough times after World War I, a market downturn and the prolonged drought.
|
|
Although for most of its history Mundabullangana was predominantly a sheep station, in 1985, long after it passed out of the MacKay family, it was destocked in favour of cattle. The station originally occupied an area of and by 1903, following the death of his father, Samuel Mackay became the sole owner of the station. Mundabullangana Station is significant in the occupation of the north-west of Western Australia as the first pastoral lease taken up by European settlers in the Yule and Turner River areas, in the 1870s. It became one of the largest and most successful enterprises of its kind in the nineteenth and early twentieth centuries, and its pastoral use continued through the twentieth century, and into the twenty-first century.
|
|
They retired to Guildford in 1890. Emma Withnell was known as Mother of the North West among the aborigines in the area as she often tended to the sick and delivered babies in her own house. 1882 was a dry year on the station when John Withnell contracted a Mr Lock to cut 7,500 fencing posts and erect of boundary fencing. The station was sold by John Withnell Snr. to Messrs Meares and Withnell in 1890 for the figure of £24,000. The cost included all of the plant and equipment, 16,000 sheep, 50 head of cattle and 60 horses. A large grassfire occurred at the station in 1893 when a station hand accidentally started it when lighting a campfire. The fire cost Withnell and Meares a paddock long that has been destocked for 6 months in preparation for lambing. The station suffered damage to the homestead, stables and outbuildings along with the loss of 8,000 sheep following a storm and resulting floods in 1894. A devastating cyclone tore through the area in 1898, with an aboriginal woman being swept away along with her mia in the resulting flood waters.
|
|