Australia's Weststar Industrial gains after unit wins lithium plant contract

Weststar Industrial

06/08/2025 06:14

** Shares of Weststar Industrial WSI.AX rise as much as 15% to A$0.069, highest level since July 10

** Stock marks its biggest intraday pct gain since May 2, 2024

** Construction & engineering co says its unit SIMPEC wins contract valued at A$11 million ($7.14 million) for civil works at Tianqi lithium hydroxide processing operation in Kwinana, WA

** Tianqi Lithium Energy Australia (TLEA ), a JV between Tianqi Lithium Corporation 002466.SZ and IGO IGO.AX, owns the Kwinana lithium plant

** YTD, stock down 35%, including day's moves

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com))