Imerys shares gain on French lithium project launch

Imerys SA

24/10/2022 08:29

** Shares in Imerys  IMTP.PA  rise 3.5% after the French
minerals group said it wanted to become the leading lithium
supplier in Europe through a mining project in France
    ** Imerys says results of surveys carried out at its
Beauvoir mine in central France allow it to produce 34,000
tonnes of lithium hydroxide for at least 25 years from 2028
    ** The French project is estimated to involve construction
capex of around 1 billion euros ($985 million), it says
    ** The stock is one of the main gainers on France's SBF 120
index  .SBF120  
    ** Up to Friday's close, shares were down 0.9%​ YTD​
($1 = 1.0153 euros)
 (Reporting by Valentine Baldassari)
 ((Valentine.baldassari@tr.com))