Galaxy signs spodumene offtake agreement with Chengxin Lithium Group
Published: Wednesday, 11 November 2020
Australian lithium spodumene producer Galaxy Resources has signed three-year offtake agreement with Chinese lithium producer Chengxin Lithium Group, it said on Wednesday November 11.
Chengxin has agreed to purchase 60,000 tonnes a year of 6%
grade spodumene concentrate from Galaxy's Mount Cattlin
operation in Western Australia from 2021 to 2023.
The deal will support the production of lithium salts - the
raw materials for the cathodes used in the new energy
vehicle (NEV) sector...