Record quarter by Galaxy

LITHIUM spodumene producer Galaxy Resources has delivered a record production quarter, though shipment timing issues, one off payments and a relatively weak overall lithium market has seen cash and liquid holdings fall by just over US$100 million to $176.3 million as of June 30.

Record quarter by Galaxy Record quarter by Galaxy Record quarter by Galaxy Record quarter by Galaxy Record quarter by Galaxy

Second half shipments on the rise for Galaxy

The cash outflows included a one-off corporate tax payment of $55 million to the Argentinian government (in relation to the profit from the POSCO sale), and about $17 million in equity investments -