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By Reuters Staff
2 Min Read
Feb 19 (Reuters) - Australia’s Pilbara Minerals Ltd on Friday reported a more than 56% jump in half-year revenue and pointed to bullish market conditions for lithium as its loss narrowed from a year earlier.
The lithium market looks set to break out of a three-year downturn, driven by an uptick in electric-vehicle (EV) demand from China that has helped support prices of minerals used to make EV batteries.
Australian lithium miners, which together account for around half of the world’s supply, have already started showing signs of an uptick with record shipments of spodumene in the December quarter and acceleration of projects.
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