Australia's Magnis Energy gains as battery production begins in U.S.

Ryzon Materials

29/12/2021 24:36

** Shares of the lithium ion battery maker  MNS.AX  rise as
much as 12.1% to A$0.510, their highest since Dec. 1 
    ** Co says semi-automated production has begun at iM3NY
battery plant in Endicott, New York; co is a major shareholder
of project  urn:newsml:reuters.com:*:nASXblrm9d
    ** Adds fully automated production set to complete in the
first half of 2022
    ** Shares on track for their biggest intraday pct gain since
Dec 20 
    ** Stock has risen 127.5% this year, as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))