TORONTO (miningweekly.com) – Shares in Talison continued their two-day winning streak on Friday, after the company announced a 25% increase in quarterly production at its Australian lithium mine.
The stock was trading at C$4.22 apiece by 14:06 on the TSX, having gained C$0.06 on Thursday.
For the full year, production at Talison’s Greenbushes mine showed a 30% increase to 342 097 t of lithium concentrate.
The company aims to double the mine's output by the middle of next year, benefitting from increased demand from China for lithium, used in the ceramics and glass industry, as well as increasing battery applications.
TSX-listed Lithium Americas Corp also rose 5% to trade at $1.64 a share.
Analysts say an anticipated rapid rise in demand from electric vehicles will benefit producers.
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TORONTO (miningweekly.com) – Shares in Talison continued their two-day winning streak on Friday, after the company announced a 25% increase in quarterly production at its Australian lithium mine.