Elevra Lithium Posts Higher Spodumene Concentrate Production in March Quarter; Shares Reach Over Two-Year High

MT Newswires Live04-23 10:01

Elevra Lithium's (ASX:ELV) spodumene concentrate production from its North American Lithium operation in Canada rose to 47,332 dry metric tonnes (dmt) in the March quarter from 43,261 dmt during the same period last year, according to a Thursday filing with the Australian bourse.

Spodumene concentrate sales were 55,526 dmt at an average realized selling price of $1,453 per dmt, up from 27,030 dmt at an average realized selling price of $710 per dmt in March 2025, the filing said.

The company reaffirmed its fiscal 2026 production guidance of 180,000 dmt to 190,000 dmt and sales guidance of 170,000 to 190,000 dmt, subject to the fulfillment of the shipping schedule, per the filing.

Shares rose about 2% in recent Thursday trade and earlier reached their highest since November 2023.

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