Business
The Neometals (ASX:NMT) share price is soaring. Here’s why
The Neometals Ltd (ASX: NMT) share price has been on the move after a flurry of updates last week from the small-cap mineral project developer.
The company’s shares have flown more than 12% today to 28 cents per share, putting the Neometals share price up by 21.74% in just over a week.
The recent gains take Neometals’ returns for the year to 40%, excluding dividends.
A second life for lithium
One of Neometals’ key projects is its lithium-ion battery recycling joint venture with SMS group and Primobius.
On 21 December Neometals informed the market that the joint venture is making strong progress towards commercialisation of lithium-ion battery recycling in Europe. Construction has been permitted for its German demonstration…
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