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The latest announcement is out from Lithium Australia NL ( (AU:LIT) ).
Livium Ltd has signed a Memorandum of Understanding with South Korean company Won Kwang S&T to collaborate on solar panel recycling in Australia. This strategic partnership aims to address the increasing solar waste problem, projected to exceed 90,000 tonnes annually by 2035, by initially exporting panels to South Korea for recycling and eventually establishing a joint venture to build a recycling facility in Australia. This move allows Livium to diversify its revenue streams and strengthen its position in the clean energy waste sector, aligning with its strategy to expand into adjacent circular economy opportunities.
More about Lithium Australia NL
Livium Ltd is a company operating in the clean energy sector, focusing on recycling and waste management solutions. The company is engaged in photovoltaic recycling and aims to leverage its infrastructure and expertise to address the growing solar waste problem in Australia.
YTD Price Performance: -25.00%
Average Trading Volume: 4,955,721
Technical Sentiment Signal: Sell
Current Market Cap: A$20.43M
For an in-depth examination of LIT stock, go to TipRanks’ Overview page.