[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Breakdown in classrooms Students using AI can’t read write or solve basic math “Don’t you dare enforce the law!” Can the Annual Theft of $521,000,000,000 From the Federal Budget Be Stopped? Another conspiracy theory confirmed This should infuriate every American Supreme Court to Hear Challenge to Nationwide Injunctions in Trump v. CASA Older Employees Can’t Retire – FORCED to Work Minimum Wage The Met Office is Unable to Name the Sites Providing Estimated Temperature Data For its 103 Non-Existent Stations EPA Targets Engine Start-Stop Systems In Cars Scientists find toxic metals linked to autism in popular toothpaste FRAGMENTS OF HIV-AIDS VIRUS INSIDE COVID VACCINES. Harvard Hammered: Feds Yank An Additional $450 Million In Grants TOTAL WAR: TRUMP SHUTS DOWN THE IRS 45,000 AGENTS FIRED! Netanyahu: Israel Will Finish War in Gaza, Drive Out 50% of Palestinians Something has to change with Big Pharma... NOW. Your Mitochondria Need THIS to Be Healthy. A Conversation with Nicolas Verhoeven, PhD Ben Shapiro MELTS DOWN Over Trump Deprioritizing Israel Tulsi Gabbard FIRES the Top Two Deep State Officials from the National Intelligence Council World Health Organization: 57 Children in Gaza Killed by Malnutrition Since March Amid Israeli Siege Pop Star Ed Sheeran Admits "Every Area Of London" Is Dangerous Now Dr. David Martin discusses a proposed bioweapons attack scheduled for July 2025. MSNBC horribly suggests the genocide against the SA refugees is justified. Cheap Tomatoes (And Immigration) SOTT Earth Changes Summary - April 2025: Extreme Weather, Planetary Upheaval, Turmeric Lowers Blood Pressure-How To Get the Most Out Of It Magistrate Judge Issues Warning to US Attorney Alina Habba and ICE After Arrest of Newark Mayor UK PM Starmer Slammed For Daring To Suggest Immigrants Should "Speak English" How $21 TRILLION Went Missing From U.S. Tax Payers! -Catherine Austin Fitts Diddy’s Collapse Was No Accident – Whitney Webb Connects the Dots! CANADIAN Soldiers Spill Hard Truth about Russia Ukraine War

Business/Finance
See other Business/Finance Articles

Title: Australia's Galaxy sells lithium source to Chinese
Source: [None]
URL Source: [None]
Published: May 30, 2012
Author: Du Juan ( chinadaily.com.cn)
Post Date: 2012-05-30 04:08:59 by Tatarewicz
Keywords: None
Views: 7

The Australian lithium start-up Galaxy Resources Ltd announced on Wednesday that the company will sell its first commercial spodumene concentrate -- a source of lithium.

The consignment, worth A$5.5 million ($5.4 million) will come from its wholly owned Mt Cattlin Spodumene Project (Mt Cattlin) in Western Australia to Chinese customers.

It is the first significant lithium revenue stream for Mt Cattlin, the company said.

The shipment was the fourth shipment of spodumene concentrate exported by Galaxy, with the previous three having been received for processing at Galaxy's wholly-owned Jiangsu Lithium Carbonate Plant in China, which works in the Chinese lithium battery market.

Spodumene concentrate from Mt Cattlin is normally reserved for use at the Jiangsu plant, which started production in March.

A recent sustained high production level at Mt Cattlin has resulted in a surplus of spodumene concentrate beyond the Jiangsu plant's immediate requirements. Galaxy offered the excess to third-party customers.

"As we ramp up production at Jiangsu province, further sales of lithium carbonate will occur under the long-term offtake framework agreements we have in place with customers," said Iggy Tan, Galaxy's managing director.

According to the company, it has long-term offtake framework agreements with 13 major cathode producers in China.

In March, the company invested A$100 million to build a lithium carbonate plant in Zhangjiagang, Jiangsu province. The new plant has an annual production capacity of 17,000 tons of lithium carbonate, the largest in the Asia-Pacific region so far.

Lithium carbonate is used in lithium-ion batteries, which in turn go into mobile phones, computers and electric vehicles.

dujuan@chinadaily.com.cn

Poster Comment:

Chinese keeping a tight grip on rare earths.

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]