Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > Lithium

Reply
 
Thread Tools Display Modes
  #1  
Old 07-04-2011, 04:08 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,765
Default Galaxy's second Lithium shipment to China

GALAXY EXPORTS SECOND SHIPMENT OF SPODUMENE TO CHINA

Highlights
  • Galaxy's second spodumene shipment sails to China
  • Shipment volume approximately 19,200 tonnes
  • Commercial value of shipped product above US$4.5 million

Lithium focused Galaxy Resources Limited (ASX: GXY, "Galaxy") is pleased to announce it has exported a second shipment of spodumene product from its Mt Cattlin project to China.

Approximately 19,200 tonnes of spodumene was loaded on the MV Karine bulker at the Bunbury Port on 30 June 2011 bound for the Port of Zhangjiagang in the People?s Republic of China.

Galaxy produces spodumene concentrate at its Mt Cattlin mine and plant near Ravensthorpe. Spodumene is converted into lithium carbonate, a key ingredient in lithium-ion batteries.

Galaxy Resources Managing Director, Iggy Tan, said the MV Karine was slightly delayed in arriving at the Bunbury Port, however it allowed Galaxy to increase the volume of its shipment by over 2,000 tonnes.

"Production at Mt Cattlin has continued to perform strongly, which allowed us to increase the volume of our second shipment. In the current market, the commercial value of the shipment is in excess of US$4.5 million." Mr Tan said.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 04:39 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.