Dec 22 (Reuters) - Talison Lithium expects congestion at the Port of Bunbury in western Australia to delay lithium concentrate shipment and reduce sales in the December quarter.
The Perth, Australia-based company said about 38,000 tonnes of its lithium concentrate sales that were ready for shipment earlier this month will be delayed into early January.
Toronto-listed Talison, one of the world’s top producers of lithium, said the delay wouldn’t affect 2012 sales.
The company, which inked a 15 percent price hike with customers for all its products for the first half of next year, said it has concluded those negotiations.
Lithium-ion batteries, used in electric cars and personal electronics, are driving demand growth for lithium, a volatile metal mined primarily in Chile, Argentina and Australia.
Shares of the company closed at C$3.27 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore)