Australia's Latrobe Magnesium rises to one-month high on pre-payment for magnesium plant

Latrobe Magnesium

31/03/2026 05:01

** Shares of Australia's Latrobe Magnesium LMG.AX rise as much as 5% to A$0.021

** Stock touches its highest level since February 27

** The metals miner says it has received $2 million from its U.S. distribution partner, Metal Exchange

** Miner says prepayment for future deliveries of magnesium metal from its Stage 1 Demonstration Plant in Australia

** Latrobe stock down 4.8%, YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))