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via seekingalpha.comBusiness & Companies

Elevra Lithium rises 5.5% after spodumene supply deal with LG Energy Solution

FROM THE WIRE · SEEKINGALPHA.COM

[Lithium abstract concept] Olemedia/E+ via Getty Images Elevra Lithium (ELVR [https://seekingalpha.com/symbol/ELVR]) (SYAXF [https://seekingalpha.com/symbol/SYAXF]) rose 5.5% in Thursday's trading after saying it signed a binding contract to supply…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBinding spodumene supply contract with LG Energy Solution supports future growth and stock price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Elevra Lithium signed binding contract to supply spodumene concentrate to South Korea's LG Energy Solution.
  2. 02Deal terms include delivery of 240,000 dry metric tons of spodumene concentrate over three years, shipments beginning 2026.
  3. 03Elevra may supply up to 90,000 dmt of optional volume over the three-year term subject to agreement.
  4. 04Stock rose 5.5% Thursday following announcement of supply agreement from North American Lithium project in Quebec.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Elevra Lithium LimitedELVRStock33.98 USD-0.80%today -2.09%Positive Elevra Lithium LimitedSYAXFStock3.80 USDAwaiting tradestoday +5.56%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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