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Australia/China: Galaxy sells lithium source to Chinese

The Australian lithium start-up Galaxy Resources Ltd announced on Wednesday that the company will sell its first commercial spodumene concentrate — a source of lithium.
The consignment, worth A$5.5 million ($5.4 million) will come from its wholly owned Mt Cattlin Spodumene Project (Mt Cattlin) in Western Australia to Chinese customers.

It is the first significant lithium revenue stream for Mt Cattlin, the company said.
The shipment was the fourth shipment of spodumene concentrate exported by Galaxy, with the previous three having been received for processing at Galaxy’s wholly-owned Jiangsu Lithium Carbonate Plant in China, which works in the Chinese lithium battery market.

Spodumene concentrate from Mt Cattlin is normally reserved for use at the Jiangsu plant, which started production in March.
A recent sustained high production level at Mt Cattlin has resulted in a surplus of spodumene concentrate beyond the Jiangsu plant’s immediate requirements. Galaxy offered the excess to third-party customers.


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