Lithium miner Talison to list

Increased global demand in lithium provides impetus for Talison's IPO

Talison Minerals, which supplies close to a quarter of the world’s lithium, is planning to list on the Australian and Canadian stock exchanges. It is aiming to raise nearly $200 million through the issue of 35 million shares under the dual listing agreement for its initial public offering. Talison expects to have a market capitalisation of between $350 million to $430 million. Upon completion of the listing, Talison expects to be further growth and expansion.This listing follows the renewed interest in lithium after Galaxy Resources received approval for its lithium carbonate plant in China. Lithium interest has grown in recent times due to its use in rechargeable batteries, wind turbines and hybrid cars. When contacted by Mining Daily, Talison were unavailable for comment due to Canadian listing conditions. Talison’s lithium output currently accounts for 69% of global production, and expects global lithium, demand to increase by 6% per annum to 2013.

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