Australian lithium miners jump as battery metal futures rally

Vulcan Energy Resources

15/12/2023 02:43

** Aussie lithium miners climb as China's most-active
lithium carbonate futures contract rally
    ** Price of the battery material recovered in China as
traders covered their short positions on the view that there is
only limited room for prices to fall further
    ** Shares of hard-rock lithium mining co Core Lithium
 CXO.AX  soar as much as 17% to top gains on ASX 200 benchmark
index
    ** Battery mineral producer Liontown Resources  LTR.AX 
climbs as much as 6.9% to its highest level in over 3 weeks
    ** Pilbara Minerals  PLS.AX  rises as much as 5.8% to touch
a 2-month high, while IGO  IGO.AX  climbs 6.1%
    ** Lithium explorer Vulcan Energy  VUL.AX  jumps 11.8%, on
track for its best day in 3 months

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))