Industrial Minerals


Galaxy Resources postpones Hong Kong listing

14 March 2011

by Jack Elliott

Lithium producer wary of ‘market volatility’; Jiangsu project remains on schedule

Keywords: Galaxy Resources, lithium, lithium carbonate, IPO, electric vehicles

Galaxy Resources Ltd has postponed its planned duel listing on the Stock Exchange of Hong Kong (SEHK) due to volatility in financial markets, the Australian lithium producer said.

Galaxy, which is already listed on the Australian Securities Exchange (ASX), had planned to complete the initial public offering (IPO) at the end of the first quarter, which it hoped would raise $260m. and increase its exposure...