Australian lithium miners surge on firm prices of metal source

Mineral Resources

11/11/2025 04:26

** Shares of Australian lithium miners rise to among the top performers on the broader ASX 200 benchmark .AXJO, which was largely flat

** The move was backed by a rise in prices of spodumene, a mineral that serves as a major source of lithium for batteries, which have nearly doubled over the past five months, said Philip Pepe, a senior equities analyst at Shaw and Partners

** Liontown Resources LTR.AX rose as much as 8.7% to A$1.250, their highest level since October 27

** Pilbara Minerals PLS.AX climbed 8.4% to A$3.470, its highest level since June 12, 2024

** IGO IGO.AX and Mineral Resources MIN.AX gained 6.3% and 6.8%, respectively

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))