Australia's Vulcan jumps to near 2-yr high on agreement with Germany's BASF
21/11/2024 24:01
** Shares of Vulcan Energy Resources VUL.AX rise as much
as 6.3% to A$6.61, hitting their highest level since Feb 14,
2023
** Specialty miner signs partnership agreement with
Germany-based chemical giant BASF BASFn.DE
** Agreement is to develop renewable heat project to supply
BASF's Ludwigsland site with affordable baseload heat
** Co says agreement incorporates potential construction of
a commercial lithium extraction plant
** Stock logs largest intraday pct gain since Nov 12
** Vulcan up 131.8% YTD, including current session's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
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