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Liontown Resources Limited ( (AU:LTR) ) has provided an update.
Liontown Resources Limited successfully conducted its first digital spot sales auction for 10,000 wet metric tonnes of spodumene concentrate via the Metalshub platform, attracting over 50 qualified buyers from nine countries. The winning bid of US$1,254/dmt for SC6.0-equivalent product highlights the effectiveness of providing equitable and competitive access to quality products. This auction outcome validates Liontown’s strategy and indicates an improving market with increased buyer confidence. The company plans to continue holding online auctions as part of its ongoing operations.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.52 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
More about Liontown Resources Limited
Liontown Resources (ASX:LTR) is a responsible battery minerals provider with a focus on ensuring a reliable supply of essential minerals. The company controls two major lithium deposits in Western Australia and aims to expand its portfolio through exploration, partnerships, and acquisitions. Liontown is committed to powering a sustainable future and seeks to participate in downstream value-adding where it holds a competitive advantage.
Average Trading Volume: 22,016,583
Technical Sentiment Signal: Buy
Current Market Cap: A$4.29B
Find detailed analytics on LTR stock on TipRanks’ Stock Analysis page.