(Vienna) The Australian company, European Lithium Limited, which operates a lithium mine in Wolfsberg, was added to trading on the Third Market of the Vienna Stock Exchange today. The stocks are traded during the single intra-day auction. Historically, the largest buyers of lithium are from the glass-making and ceramics industry according to the company. However, the increasing use of lithium-ion technology in consumer electronics is pushing up overall demand.
Unfortunately, it is not possible to include domestic small and medium-sized companies in trading on the Third Market. The Third Market of the Vienna Stock Exchange was designed as an entry segment for smaller Austrian issuers, but the legal framework does not permit Austrian issuers to join this market. "The door to the Vienna Stock Exchange should not be closed to smaller domestic companies. Opening up the SME segment is urgently needed," demands CEO Christoph Boschan. "In this context, we are dependent on support from politics."
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.
