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The latest update is out from Vulcan Energy Resources Ltd. ( (AU:VUL) ).
Vulcan Energy Resources Ltd. has announced the successful production of battery quality Lithium Hydroxide Monohydrate (LHM) at its Central Lithium Electrolysis Optimisation Plant in Frankfurt, marking the first fully integrated production of battery-quality lithium chemicals in Europe. This milestone enhances Europe’s raw material independence and supports the transition to green mobility. The LHM produced will be used in qualification processes with European offtakers, including major automotive and battery companies such as Stellantis, Renault, LG, and Umicore. The development also positions Vulcan as a leader in sustainable and cost-efficient lithium supply chains, with plans to supply 24,000 tonnes of LHM annually, supporting approximately 500,000 electric vehicles per year.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. is a company focused on developing a carbon-neutral, integrated lithium and renewable energy business. Located in the Upper Rhine Valley Brine Field, bordering Germany and France, Vulcan’s Lionheart Project is the largest lithium and geothermal resource in Europe. The company utilizes its proprietary technology, VULSORB®, to produce lithium from sub-surface brines using natural heat, aiming to supply sustainable lithium for European electric vehicle batteries.
YTD Price Performance: 10.84%
Average Trading Volume: 937,947
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.28B
For detailed information about VUL stock, go to TipRanks’ Stock Analysis page.
