Business
Here’s why the Lithium Australia (ASX:LIT) share price is up 6% in morning trade
The Lithium Australia NL (ASX: LIT) share price is on the run today. This comes after the company announced that it will be reducing its exposure to operating in the European lithium market.
During early-morning trade, the Lithium Australia share price is up 6% to 10.5 cents.
Review of European operations
According to this morning’s release, Lithium Australia has reviewed its exploration activities in Germany.
Since 2017, the company has had its eyes on developing the historic mining areas in the Erzgebirge (Ore Mountains) in Saxony. In that time, Lithium Australia occupied three main areas to take advantage of the growing demand for lithium. These were the Hegelshöhe, Eichight, and Sadisdorf projects – all located along the…
-
Noosa News7 hours agoAttempted murder charges, Maroochydore – Sunshine Coast
-
Noosa News11 hours agoWoman fighting for life and others left seriously injured in Sunshine Coast hit-and-run
-
General10 hours agoMelbourne’s West Gate Tunnel opens to divert trucks through city’s western suburbs
-
General17 hours agoAustralia’s security abandoned to the folly of declining US empire