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The latest update is out from Lithium Australia NL ( (AU:LIT) ).
Livium Ltd has initiated discussions with developers of rare-earth element (REE) extraction technologies to expand its circular economy portfolio. This move aligns with Livium’s strategy to leverage its recycling expertise and meet the increasing demand for REE recycling, particularly as automakers face shortages due to restricted Chinese exports. The global REE market is projected to reach $9.6 billion by 2026, presenting a significant opportunity for Livium to enhance its market position and supply chain capabilities, especially in clean energy and e-mobility sectors.
More about Lithium Australia NL
Livium, formerly known as Lithium Australia, is a leader in sustainable lithium production and battery recycling. The company operates Australia’s leading battery recycling facility and produces critical battery materials such as lithium ferro phosphate (LFP). Livium has developed patented lithium extraction technology and is well-positioned to capitalize on the growing global demand for lithium-ion batteries, offering diversification benefits to global supply chains.
Average Trading Volume: 2,375,962
Technical Sentiment Signal: Sell
Current Market Cap: A$15.21M
Learn more about LIT stock on TipRanks’ Stock Analysis page.