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Neo Lithium Corp has had its target price lifted by broker Stifel GMP to reflect the latter’s assumption that the lithium price will increase in the long term. The company is advancing its wholly-owned 3Q project in Argentina and the broker has lifted its target on the stock to C$5.80 from C$4.10 previously, to reflect its long-term price assumption on lithium carbonate increasing to US$13,500 per tonne from US$12,000 per tonne.
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