European Lithium has received a massive vote of confidence with premium automobile manufacturer BMW AG signing up to be its first offtake partner for battery-grade lithium hydroxide.
While the agreement is still at an early stage, the fact that a company of BMW’s size and influence has agreed to negotiate suitable commercial terms for the purchase of the battery chemical speaks volumes about the value of its Wolfsberg lithium project in Austria.
BMW AG sold over 2.5 million passenger vehicles and more than 194,000 motorcycles worldwide in 2021 through its BMW, MINI, Rolls-Royce and BMW Motorrad brands.
Get the latest stock news and insights straight to your inbox.
NameEmail*It's free. Unsubscribe whenever your want.Read our privacy policy
It had previously flagged that by 2030, 50% of its sales would be electric vehicles, a move that is certainly welcome in the European Union given its move to effectively ban petrol and diesel cars from 2035.
“Securing our first offtake with BMW AG is another key milestone for the company. Partnering with BMW AG is an ideal fit for EUR,” European Lithium (ASX:EUR) chairman Tony Sage said
- Forums
- ASX - By Stock
- Ann: Pause in Trading
European Lithium has received a massive vote of confidence with...
Featured News
Add EUR (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $55.92M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.9¢ | $2.901K | 72.81K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35618 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 16202 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35618 | 0.040 |
4 | 141223 | 0.039 |
2 | 171051 | 0.038 |
4 | 111277 | 0.036 |
9 | 462912 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 16202 | 1 |
0.042 | 318894 | 6 |
0.043 | 20000 | 1 |
0.045 | 933607 | 2 |
0.048 | 40500 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
EUR (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online