Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Lithium Universe Limited (ASX: LU7) has signed a Memorandum of Understanding (MOU) with Lafarge Canada Inc., a leading cement producer under the Holcim Group, for the exclusive supply of Aluminosilicate Secondary Product (ASCR) from the Bécancour Lithium Refinery.
With an annual production of 130,000 tonnes of ASCR, this partnership supports the growing Canadian cement industry, which generated AU$12.3 billion in 2021 and continues to expand. This collaboration aligns with Lithium Universe’s commitment to building a circular economy, optimizing by-product utilization, and reinforcing Québec’s battery materials and infrastructure sectors.
Chairman Iggy Tan emphasized that this partnership strengthens local supply chains while promoting greener construction materials, marking a significant step toward sustainable industrial innovation in North America.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.