Australia's Latrobe Magnesium rises on potential financing for magnesium plant

Latrobe Magnesium

23/12/2025 01:11

** Shares of Latrobe Magnesium LMG.AX rise as much as 15% to A$0.023, hit their highest level since December 12

** Stock set for strongest trading session since December 10

** Co, intending to extract and sell magnesium meta,l says Export Finance Australia (EFA) issued non-binding and conditional Letter of Support

** Says EFA can consider potential financing for co's Stage 2 10,000 tpa Commercial Plant, joining Export Import Bank of the United States

** YTD, stock up 10.8%, including day's moves

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))