Lithium Australia NL ( (AU:LIT) ) just unveiled an update.
Livium has secured a significant recycling agreement with Sell & Parker, valued at over A$5.0 million, marking its largest recycling contract to date. This three-year agreement, expected to generate A$3.0 million in revenue over the next 12 months, will enhance Livium’s market position and profitability without increasing operating costs, as it processes materials containing embedded batteries for Sell & Parker, a longstanding customer.
More about Lithium Australia NL
Livium, previously known as Lithium Australia, is a leader in the Australian battery recycling industry. The company focuses on sustainable lithium production, operating a market-leading battery recycling business, producing lithium ferro phosphate, and developing patented lithium extraction technology. Livium aims to capitalize on the growing global demand for lithium-ion batteries, offering diversification benefits to global supply chains.
Average Trading Volume: 38,625
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.73M
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