Lithium Australia Share Price Jumps by 7%

The share price of Lithium Australia NL [ASX:LIT] increased by a staggering 7.14% today, trading at $0.10 at time of writing.

Why did this happen to Lithium Australia shares?

Lithium Australia has announced its path to sustainability, aspiring to ‘close the loop’ on the energy-metal cycle.

The increase in share price of lithium Australia might come from this, along with their combined technology assets, which the company believes are diving sustainability.

With the increasing need for batteries in solar power, electric cars and other technologies, many lithium companies have been in the spotlight recently.

LIT’s principle business units include:

  • SiLeach technology – main lithium extraction
  • VSPC – Tailors cost-effective cathode formulations for electronic batteries.
  • RCARC – battery recycling

Respectively these suites of tech owned by Lithium Australia can:

  • Convert mine waste to battery chemicals
  • Covert the chemicals to batteries, and
  • Recycle the batteries to regenerate the chemicals.

Future goals for Lithium Australia

LIT has one main goal: to use its processing technologies to produce lithium chemicals at a commercial scale, while getting operating costs in the lowest quartile.

Investors can also look forward to Sileach’s large Scale Pilot Plant (LSPP) first production set for 2020, which will utilise its process for lithium recovery from mine waste.

Regards,

Jason Stevenson,
Resources Analyst, Markets & Money

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Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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