Market Alert: Gold and Silver Extend Bull Run Amid Global Uncertainty
Lithium Universe Limited (ASX: LU7) has unveiled plans for a second lithium carbonate refinery in Brownsville, Texas, complementing its flagship Bécancour project in Québec. This initiative aims to address North America’s “Lithium Conversion Gap” — the shortage of local refining capacity critical to electric vehicle and battery production. The Brownsville site, located within the Port of Brownsville’s industrial park, offers significant logistical advantages including direct maritime access, low labour costs, and streamlined permitting. Designed as a “copy-and-paste” model of the proven Bécancour refinery, the Texas facility will feature two refinery trains capable of producing over 36,000 tonnes annually. The project aligns with U.S. policy incentives under the Inflation Reduction Act and benefits from proximity to Tesla’s Corpus Christi refinery and SpaceX’s Starbase. Together, LU7’s dual refineries in Canada and the U.S. will form a trans-Atlantic lithium platform supporting the clean energy transition
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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.