Argosy Minerals Limited ( (AU:AGY) ) just unveiled an update.
Argosy Minerals Limited has executed a spot sales contract with a Hong Kong-based chemical company for 20 metric tonnes of high-quality lithium carbonate from its Rincon Lithium Project. This contract, which references the SMM battery grade lithium carbonate price, signifies Argosy’s strong market position and potential for future off-take opportunities, reinforcing its role in the electric vehicle and lithium sectors.
More about Argosy Minerals Limited
Argosy Minerals Limited is an Australian company with a significant interest in the Rincon Lithium Project in Argentina and full ownership of the Tonopah Lithium Project in Nevada, USA. The company focuses on the production of lithium carbonate equivalent (LCE) products, leveraging its strategic location within the ‘Lithium Triangle,’ known for the world’s largest lithium resources. Argosy aims to capitalize on the growing demand in the lithium-ion battery sector.
YTD Price Performance: -17.65%
Average Trading Volume: 46,560
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.05M
For detailed information about AGY stock, go to TipRanks’ Stock Analysis page.
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