Australia's Neometals rises on purchase order from Mercedes-Benz
10/01/2024 24:21
** Shares of Neometals NMT.AX rise as much as 17.1% to
A$0.205, set for best day since July 12, if gains hold
** Battery materials producer says Primobius GmbH receives
purchase order from Mercedes-Benz
** Says order for supply of a hydrometallurgical refinery
hub for installation at Kuppenheim operation in Germany
** Primobius is an incorporated battery recycling joint
venture co owned 50% by Neometals
** About 2.5 mln shares change hand compared to 30-day
average trading volume of 1.8 mln shares
** Stock declined about 73% in 2023
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))