Lithium miners rise as Liontown rejects Albemarle bid

Standard Lithium

28/03/2023 17:06

(Updates)
    ** Shares of lithium miners gain after Australia's Liontown
Resources  LTR.AX  snubbed a bid from Albemarle  ALB.N  that
valued the Australian lithium developer at $3.7 bln
    ** U.S. lithium miners Albemarle Corp  ALB.N , Livent Corp
 LTHM.N  and Piedmont Lithium Inc  PLL.O  rise 0.8%-6.9%
        ** U.S.-listed shares of Chile's SQM  SQM.N  and
Canada's Lithium Americas Corp  LAC.N  also gain 3.4% and 3.9%,
respectively
    ** Standard Lithium  SLI.V  soars 12.6%; says in East Texas
Smackover region it drilled and sampled highest confirmed grade
lithium brine in North America
        ** The brine sampled at a grade of 634 mg/L lithium -
SLI
  
    ** Australian lithium stocks surge on Tuesday as the
takeover offer underlined the scramble to meet rising demand for
the white metal
    ** Takeover approach could signal the start of sector
consolidation, analysts said

 (Reporting by Medha Singh and Arshreet Singh)
 ((medha.singh@thomsonreuters.com))