December 22, 2011 / 2:07 PM / 7 years ago

UPDATE 1-Talison sees delays in December lithium shipment

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)

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