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Stock impact report

IBAT suspends operations at lithium extraction plant, citing weak prices [Seeking Alpha]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: Seeking Alpha
Magnesium in Louisiana until the metal's prices recovered, Reuters reported. The private company uses IBAT's ( OTCPK:IBATF ) lithium chloride to make lithium carbonate for sale to battery makers. The suspension comes as lithium prices have plunged more than 80% in the past year, largely due to overproduction from China and weaker demand for electric vehicles. In July , IBAT ( OTCPK:IBATF ) launched its DLE technology to commercially produce lithium, competing with Standard Lithium, Rio Tinto and others to be the first to use the method. "Since the beginning of June, there has been significant weakness in pricing, [but] we still expect the lithium market to grow and are optimistic we will see better conditions in 2025," CEO Iris Jancik said. Recommended For You More Trending News Recommended For You More Trending News About IBATF Stock Related Stocks Trending Analysis Trending News Show less Read more
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