Galaxy signs spodumene offtake agreement with Chengxin Lithium Group

By Carrie Shi
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...

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