Shares in Value Logo
Product Review Img Vertical

Date : 10/03/2021

Why did Lithium Australia (ASX:LIT) shares go up by 9%

Lithium Australia is a Perth based lithium mining and exploration company. They aim to supply ethically and sustainably sourced materials to the battery industry worldwide.LIT has developed its own disruptive extraction technologies – including its proprietary SiLeach process – and secured positions in lithium provinces around the globe, including Western Australia and Europe.

LIT takes the view that sustainability equates to viability with respect to both the manufacture and disposal of lithium-ion batteries. The company believes that discarded electronic/battery waste may ultimately prove the most cost-effective and environmentally friendly source of the so-called ‘energy metals’, among them lithium and cobalt.

Lithium Australia shares really took off in 2020. Since December 2020, they have skyrocketed. The year-to-date returns is over 89% and Lithium Australia demands a market capitalisation of $112 million. This share price performance is better than some of the top lithium stocks on the ASX. Today, Lithium Australia shares rose close to 9% and are currently trading at 125 cents.

This morning, Lithium Australia VSPC patent application for its inventive and novel cathode material producing process has been accepted for grant. VSPC is a subsidiary of Lithium Australia and their method of synthesising lithium metal phosphates has been confirmed to be novel and inventive. The protection for the process is to last 20 years.

During the past two years, VSPC has simplified its process for the production of lithium metal phosphate cathode powders, enabling the use of a broader range of raw materials as feed. This has significantly reduced the cost of manufacturing lithium ferro phosphate (‘LFP’) and other lithium metal phosphate materials, among them lithium manganese iron phosphate (‘LMFP’).

Looking for Assistance to Choose the Right Stocks?

Growth stocks are potentially one of the hardest to pick as there are a lot of factors that need to be considered – from industry tailwinds to financial health of the individual stocks, and a lot of little things in between them. Shares in Value research team have picked their top 3 ASX stocks to buy in 2021. Click here to download the report for free.


Are You Looking To Buy The Best Stocks In 2021?

Stay on top of upcoming market trends. Whether you are a SMSF investor or a young investor we cover a wide range of stocks across all sectors including finance, industrials , real estate , technology, health and biotech etc to give you an edge to invest and trade with an advantage in the ASX listed stocks across large , mid and small caps.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2021!


I want a Walkthrough

Our specialists are available at any time to provide you with further insight and advice.
Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY