International Battery Metals (TSE:IBAT) has released an update.
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International Battery Metals Ltd. has announced the suspension of operations at its modular direct lithium extraction plant due to challenging economic conditions caused by current lithium carbonate prices. Despite achieving high-purity lithium carbonate production in collaboration with US Magnesium LLC, the company is optimistic about market recovery in 2025. Meanwhile, International Battery Metals is exploring options for its readily available and highly efficient MDLE Plant.
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