Vulcan Energy Shares Rise in Germany After Stellantis Lithium Deal
November 29 2021 - 4:30AM
Dow Jones News
By Kim Richters
Vulcan Energy Resources Ltd. traded higher in Germany on Monday
after the company signed a lithium supply agreement with car maker
Stellantis NV.
At 0835 GMT, Frankfurt-listed shares in Vulcan Energy were up
11% at EUR7.05.
Stellantis said earlier Monday that Vulcan Energy, which is also
listed on the stock exchange in Australia, will supply battery
grade lithium hydroxide in Europe for the auto maker to use in
electrified vehicles. The agreement will run for five years and
shipments should start in 2026.
Stellantis said the deal is part of its electrification
strategy, which it detailed in July and includes investments
totaling more than 30 billion euros ($33.95 billion) through
2025.
Stellantis also traded higher, with shares in Milan up 1% at
EUR15.72.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 29, 2021 04:15 ET (09:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Vulcan Energy Resources (ASX:VUL)
Historical Stock Chart
From Nov 2024 to Dec 2024
Vulcan Energy Resources (ASX:VUL)
Historical Stock Chart
From Dec 2023 to Dec 2024
