Australia's Elevra Lithium hits near 2-year high on faster expansion of flagship mine

Elevra Lithium

13/01/2026 02:19

** Shares of Elevra Lithium ELV.AX rise as much as 11.6% to A$10.19, their highest level since February 20, 2024

** Lithium producer posts biggest intraday pct jump since November 11, 2025

** Co identifiesnew pathway for expansion of its flagship North American Lithium (NAL) mine to fast track additional production with lower unit operating costs

** Says new expansion plans expected to deliver initial 15-20% increase in annual spodumene concentrate production vs current production levels from mid-CY27

** Sees new staged development strategy to bring forward incremental production by about two years vs previous plans

** About 1.4 mln shares change hands, 1.5x their 30-day average

** Stock rose 98.5% in 2025

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))