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:

TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report