Lithium firms merge

Pacific Lithium is merging with US firm Lithium Technology Corporation with a planned IPO set for September.

The unlisted New Zealand public company is a large supplier of high-quality lithium carbonate to Japanese markets.

The Auckland-based company claims to have about 20% world carbonate market share but hopes to boost that to 25% this year and has plans to expand its lithium carbonate plant to meet growing demand.

Pacific Lithium, which has more than 700 shareholders, has approved a $2 million-capital expenditure programme to get the US company's Pennsylvania head office in Plymouth up to speed on its commercial production by the end of the year. Lithium Technology is commercialising high-performance rechargable batteries.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PLP - Appointment of new director
BIF - appointment of new director
ERD - Ongoing Disclosure Notice - Directors Fixed Trading Plan
TEM - Transaction in Own Shares
Devon Funds Morning Note - 09 September 2026
September 9th Morning Report
Devon Funds Morning Note - 08 September 2026
September 8th Morning Report
RUA - Commencement of direct distribution from Tairawhiti
BRW - Floorscape offer not progressed