Australia's Lithium Australia rises on signing agreement

Livium

07/03/2024 03:13

** Shares of Lithium Australia  LIT.AX  rise as much as 7.4%
to , their highest since Feb. 23
    ** Co says it has signed an memorandum of understanding
(MoU) with South Korea's SungEel HiTech  365340.KQ  and joint
development agreement including an investment
    ** Adds, MOU is expected to strengthen supply chain of
battery materials between Korea and Australia
    ** Stock posts its biggest intraday percentage gain since
Feb. 23
    ** Stock down 10% YTD

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))