Why Standard Lithium Stock Glowed Green Today

·2-min read
Why Standard Lithium Stock Glowed Green Today

Shares of Canada-based U.S. lithium mining company Standard Lithium (NYSEMKT: SLI) got a lift from rising lithium prices this week, closing Friday trading up 8.7% -- and up 42% for the week! The good news for Standard Lithium began midweek when the company announced the completion of a "preliminary economic assessment." The assessment showed that the company's lithium project in southwest Arkansas could produce 30,000 metric tons of battery-quality lithium hydroxide monohydrate per year, for 20 years, at an internal rate of return of 32%.

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