EUR News: Australian Lithium Stocks Skyrocket on BMW Deal - 5th Aug 2022, 8:28am

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By Ambar Warrick

Investing.com-- Shares of Australian lithium miners surged on Friday after local miner European Lithium Ltd (ASX:EUR) said it signed a supply agreement with German car maker Bayerische Motoren Werke AG (ETR:BMWG), highlighting the growing demand for the metal in automobile manufacturing.

European Lithium led gains among its peers with a 13% jump, which pushed the stock to a three-month high. Mineral Resources Ltd (ASX:MIN), the largest lithium miner in the country by market ca...

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