Business
Lithium Australia (ASX:LIT) share price lower despite LieNA update
The Lithium Australia NL (ASX: LIT) share price is sinking on Friday despite the release of a positive announcement.
In morning trade, the lithium company’s shares are down a disappointing 4% to 12.5 cents.
What did Lithium Australia announce?
This morning Lithium Australian announced that its LieNA pilot plant has been given the green light.
According to the release, LieNA is a caustic conversion technology with strong parallels to the production of alumina from bauxite. The process can produce a range of lithium chemicals, including hydroxide, carbonate, and phosphate.
Management notes that lithium phosphate is the preferred product, as it is easy to refine. It also commands a price premium over hydroxide or carbonate and is…
-
Noosa News23 hours agoMitch Power Quick Shear event gets men talking about mental health
-
Noosa News17 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs
-
Noosa News24 hours agoReport into Queensland CFMEU branch leaves many questions unanswered
-
Noosa News20 hours agoNASAA Certified Organic collapse threatens export capabilities for hundreds of Australian producers