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