Lithium Australia NL (AU:LIT) has released an update.
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Livium Ltd is advancing its Battery Materials division, VSPC, by selecting Australia as the location for a demonstration plant to produce lithium ferro phosphate (LFP) and lithium manganese ferro phosphate (LMFP). This strategic move aims to leverage government and private funding, minimizing shareholder contributions while targeting the growing demand for sustainable battery materials. The demonstration plant is a pivotal step towards full-scale production, potentially generating significant revenue and aligning with the rising market for electric vehicles and renewable energy storage.
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