CAPITAL MARKETS

Galaxy secures lithium sales

GALAXY Resources has signed contracts to sell 120,000 tonnes of lithium concentrate from its Mount Cattlin project to its existing Chinese buyers for a minimum price of $US830 per tonne.

Andrew Hobbs
Galaxy secures lithium sales

The buyers, mostly Chinese chemical converters, have agreed to pay an additional $15/t for every 0.1% improvement in grade of lithium oxide delivered – meaning the price for a 6% lithium concentrate would...

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