Pilbara Minerals Reports Record Lithium Production
The Australian miner nearly doubled its quarterly output to 232,436 tons as electric vehicle demand recovers. Shares rose over 6% following the production beat.
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PLS GROUP LTD has reported a significant surge in lithium production, driven by what leadership describes as a deepening and broadening global demand for the battery metal. The company, which operates as the largest independent lithium producer in Australia, nearly doubled its output in the third quarter, surpassing analyst expectations and signaling a robust recovery in the electric vehicle (EV) sector.
