Spodumene prices set to rise as Galaxy brings material to open market

By Myles McCormick
Published: Thursday, 19 May 2016

Previously sluggish, the entry of new players into the spodumene market should shift the price of the lithium ore upwards, tracking those of lithium carbonate and hydroxide. Operations at Galaxy Resources’ Mount Cattlin and Reed Industrial Minerals’ Mount Marion will begin shipments later this year, with the former being sold onto the open market.

Australia's Galaxy Resources Ltd yesterday announced the finalisation of a spodumene offtake deal at $600/tonne (FOB WA, min. 5.5% Li2O).

The agreement marks the company's first...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.