Australia's Lepidico slumps as co gets arbitration notice from Chinese firm

Lepidico

31/05/2023 02:08

** Shares of Australia's Lepidico Ltd  LPD.AX  slide as much
as 12% to A$0.011, set for worst day since April 26, if losses
hold 
    ** The lithium explorer says it received an arbitration
notice from chemicals maker Jiangxi Jinhui Lithium relating to
an offtake agreement between its Namibia-based unit and the
Chinese firm
    ** More than 25.8 mln shares change hands, thrice the 30-day
average volume 
    ** Lepidico stock down 21.9% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))