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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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> 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