BUZZ-Australia's Latrobe Magnesium soars on $122 mln U.S. EXIM financing

Reuters

2025/10/21

BUZZ-Australia's <a href="https://laohu8.com/S/LMGN.AU">Latrobe Magnesium</a> soars on $122 mln U.S. EXIM financing

** Shares of Latrobe Magnesium LMG.AX rise as much as 46.2% to A$0.038, their highest level since October 10, 2024

** Stock set for strongest session since September 25, if current gains hold

** The U.S. Export Import Bank (EXIM) issued letter of interest stating it is prepared to finance up to $122 mln for co's Stage 2 Commercial Plant

** Commercial Plant being developed by co in Victoria has a capacity of 10,000 metric tons per annum of magnesium metal

** About 19.7 mln shares change hands vs the 30-day average volume of 3.6 mln shares

** Stock up 66.2% YTD, including the day's moves

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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metric tons per annum of magnesium metal</p><p>** About 19.7 mln shares change hands vs the 30-day average volume of 3.6 mln shares</p><p>** Stock up 66.2% YTD, including the day's moves </p><p> (Reporting by Shivangi Lahiri in Bengaluru)</p><p> ((shivangi.lahiri@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Australia's Latrobe Magnesium soars on $122 mln U.S. EXIM financing</title>\n<style 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07:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/LMGN.AU\">Latrobe Magnesium</a> soars on $122 mln U.S. EXIM financing</title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/LTRBF\">Latrobe Magnesium</a> <span>LMG.AX</span> rise as much as 46.2% to A$0.038, their highest level since October 10, 2024</p><p>** Stock set for strongest session since September 25, if current gains hold</p><p>   ** The U.S. Export Import Bank (EXIM) issued <span>letter of interest</span> stating it is prepared to finance up to $122 mln for co's Stage 2 Commercial Plant</p><p>** Commercial Plant being developed by co in <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a> has a capacity of 10,000 metric tons per annum of magnesium metal</p><p>** About 19.7 mln shares change hands vs the 30-day average volume of 3.6 mln shares</p><p>** Stock up 66.2% YTD, including the day's moves </p><p> (Reporting by Shivangi Lahiri in Bengaluru)</p><p> ((shivangi.lahiri@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LMG.AU","symbol_name":"LATROBE MAGNESIUM LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251020:nL6N3W10WQ:1","article_id":"2577721892","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577721892","pubTimestamp":1761003720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Latrobe Magnesium soars on $122 mln U.S. EXIM financing** Shares of Latrobe Magnesium LMG.AX rise as much as 46.2% to A$0.038, their highest level since October 10, 2024** Stock set for strongest session since September 25, if current gains hold   ** The U.S. Export Import Bank  issued letter of interest stating it is prepared to finance up to $122 mln for co's Stage 2 Commercial Plant** Commercial Plant being developed by co in Victoria has a capacity of 10,000 metric tons per annum of magnesium metal** About 19.7 mln shares change hands vs the 30-day average volume of 3.6 mln shares** Stock up 66.2% YTD, including the day's moves   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LMG.AU":"LATROBE MAGNESIUM LTD","BK7095":"多种金属与采矿"},"translate_title":"BUZZ-澳大利亚Latrobe Magnesium因美国进出口银行1.22亿美元融资而飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LMG.AU":0.9},"content_text":"BUZZ-Australia's Latrobe Magnesium soars on $122 mln U.S. EXIM financing** Shares of Latrobe Magnesium LMG.AX rise as much as 46.2% to A$0.038, their highest level since October 10, 2024** Stock set for strongest session since September 25, if current gains hold   ** The U.S. Export Import Bank (EXIM) issued letter of interest stating it is prepared to finance up to $122 mln for co's Stage 2 Commercial Plant** Commercial Plant being developed by co in Victoria has a capacity of 10,000 metric tons per annum of magnesium metal** About 19.7 mln shares change hands vs the 30-day average volume of 3.6 mln shares** Stock up 66.2% YTD, including the day's moves  (Reporting by Shivangi Lahiri in Bengaluru) ((shivangi.lahiri@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}