Global Lithium logs best week in 8 on firm commodity prices, lithium deal
04/03/2022 24:56
** Shares of Global Lithium Resources GL1.AX rise as much
as 4.8%, extending gains for a sixth straight session after a
supply deal with Chinese firm
** On Thursday, GL1 signed a 10-yr spodumene concentrate
supply deal with China's Suzhou TA&A Ultra Clean Technology Co
300390.SZ , stock jumped 15.4% urn:newsml:reuters.com:*:nL4N2V552E
** Commodity prices have remained elevated amid Russian
sanctions stoking fear of supply disruptions MET/L
** For the week, GL1 up nearly 22%, set to log its best week
since Jan 7, if gains hold
** GL1 has risen over 64% so far this year
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.mishra@thomsonreuters.com))
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