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Liontown Resources Limited ( (AU:LTR) ) has issued an update.
Liontown Resources Limited has amended its long-term offtake agreement with Tesla Inc., shifting the pricing mechanism from lithium hydroxide indices to spodumene concentrate, aligning with its strategy to diversify pricing references across main lithium products. Additionally, Liontown is in advanced discussions with Ford Motor Company regarding amendments to their Offtake and Loan Facility Agreements, which may lead to changes in contract quantities and debt arrangements, highlighting potential impacts on the company’s financial and operational strategies.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.50 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 Limited 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 also seeks to participate in downstream value-adding where control of the deposit provides a competitive advantage.
Average Trading Volume: 19,140,622
Technical Sentiment Signal: Buy
Current Market Cap: A$2.68B
See more insights into LTR stock on TipRanks’ Stock Analysis page.