Industrial Minerals


Galaxy in talks with banks on China battery plant funding

31 August 2011

by Jo Smith

Lithium producer looking for $145m. to build Li-ion battery facility in Jiangsu

Keywords: Galaxt Resources, lithium, spodumene, batteries, e-bikes

Five Chinese banks have approached Australian lithium producer Galaxy Resources to talk about funding the company’s proposed battery plant in Jiangsu, China.

The banks have discussed providing Galaxy with up to $145m., which is slightly above the $134m....