Company News Summary
Galaxy Resources Announces Certified Grade of Lithium Concentrate Above Specification
Original announcement: Certified Grade of Lithium Concentrate Above Specification
Galaxy Resources announced that it has successfully completed 2016 offtake supply obligations (contracted at 15,000dmt plus/minus ten percent) for its second customer. The MV Blessing SW sailed for China on 1 March 2017, with 13,700dmt of lithium concentrate. It is currently aiming to complete its 2016 contract offtake supply obligations with the upcoming third shipment - the laycan for that vessel has been nominated for mid-April 2017. Concluding this shipment, all future volumes shipped will then be on 2017 pricing terms, which is US$830 for 5.5% grade lithium concentrate product, rising to US$905 for 6.00%.
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