Galaxy hikes 2017 spodumene prices

By Myles McCormick
Published: Wednesday, 14 December 2016

The company’s contracted selling price for 2017 will be up to 50% higher than 2016 levels, depending on the grade of spodumene supplied. Galaxy confirmed 120,000 tonnes in contracts with existing Chinese customers at new 2017 prices, although the company will honour already committed 2016 deals at lower price levels.

Australian miner Galaxy Resources Ltd has increased its spodumene price for 2017 by between 38% and 50% on 2016 levels depending on grade, the company announced today.

Galaxy has agreed to sell 120,000 tonnes lithium concentrate in 2017 for $830/tonne (FOB,...

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