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An update from Lithium Australia NL ( (AU:LIT) ) is now available.
Livium Ltd has secured exclusive global rights to the University of Melbourne’s microwave technology for extracting rare earth elements (REE), marking a significant milestone in its strategy to expand into adjacent recycling markets. This technology promises high recovery rates of key elements like Neodymium and Praseodymium while significantly reducing energy consumption compared to traditional methods. Additionally, Livium has the option to extend these rights to platinum group metals (PGMs), further positioning the company at the forefront of sustainable recovery solutions. The partnership aims to address the growing demand for REE and PGMs, driven by the global shift towards clean energy and the need for secure, non-Chinese supply chains.
More about Lithium Australia NL
Livium Ltd, trading as ASX: LIT, operates in the recycling industry, focusing on the recovery of clean energy waste. The company is known for its market-leading lithium-ion battery recycling operations through its subsidiary, Envirostream. Livium is expanding its portfolio to include rare earth elements (REE) and platinum group metals (PGMs) recovery, leveraging innovative technologies to enhance sustainability and efficiency.
YTD Price Performance: -31.25%
Average Trading Volume: 6,479,185
Technical Sentiment Signal: Sell
Current Market Cap: A$22.71M
For an in-depth examination of LIT stock, go to TipRanks’ Overview page.