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 such deal from the reopened Mt Cattlin Mine and the first sale of Australian spodumene into the open market since...

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