BUZZ-Australia's Vulcan jumps to near 2-yr high on agreement with Germany's BASF

Reuters

2024/11/21

** Shares of Vulcan Energy Resources rise as much as 6.3% to A$6.61, hitting their highest level since Feb 14, 2023

** Specialty miner signs partnership agreement with Germany-based chemical giant BASF

** Agreement is to develop renewable heat project to supply BASF's Ludwigsland site with affordable baseload heat

** Co says agreement incorporates potential construction of a commercial lithium extraction plant

** Stock logs largest intraday pct gain since Nov 12

** Vulcan up 131.8% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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