Elevra Lithium rises on potential spodumene supply deal
10/02/2026 02:07
** North American lithium producer Elevra Lithium ELV.AX shares rise 6.3% to A$7.64, their highest level since January 29 ** Elevra signs non-binding MoU to supply Mangrove Lithium with spodumene concentrate ** Parties intend to negotiate definitive agreement under which co could supply up to 144,000 tonnes per year of spodumene concentrate to Mangrove at market-related prices, subject to floor and ceiling prices ** Stock down 4.9% YTD, after falling 10.6% in 2025 (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))
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