EDITOR: | May 25th, 2016 | 2 Comments

Galaxy Resources sees lithium demand remaining strong with electric storage booming

| May 25, 2016 | 2 Comments
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Galaxy_ResourcesMay 25, 2016 — Galaxy Resources Ltd (ASX: GXY) presented at the recent CleanTech and Technology Metals Summit held in Toronto on May 10-11th. In his presentation, Managing Director Anthony Tse explained Galaxy’s duel strategy of having both hard rock and brine lithium assets — and ones spread over multiple locations (Australia, Quebec and Argentina).

In this video presentation, Anthony Tse highlights his own company’s achievements — such as reducing debt from about A$200 million to about $20 million — and gives a valuable insight into the global lithium market. He explains

  • That electric transportation is more than about electric cars
  • How China has switched from being a price-taker to a price-setter
  • The present structure of lithium prices
  • The future trajectory for lithium-based batteries in electricity storage


For more information, email info@investorintel.com.

Disclaimer: Galaxy Resources Ltd is an advertorial client for InvestorIntel Corp.


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Comments

  • Peter

    After August, we will probably be speaking of the “Big 6” instead of the “Big 5”. Galaxy Resources is becoming the new lithium producer next to the established ones like ALB, SQM, FMC, Ganfeng and Tianqi.

    May 25, 2016 - 8:52 PM

  • Robin Bromby

    It is interesting that in the recent Morgan Stanley study of energy materials, it sees additional lithium supply in the period through to 2020 as coming from four sources — and these are either located in Australia or at least partly owned by Australian companies, including two InvestorIntel advertorial clients: The projects are:

    No. 1: Australia-based Orecobre’s Argentine project where production began in February 2015 and full nameplate capacity is to be reached in September.

    No. 2: The Greenbushes mine in Western Australia controlled by Sichuan Tianqi Lithium.

    No. 3: Mt Marion in Western Australia involving Mineral Resources and Neometals (ASX: NMT), with all the output to be taken by Jiangxi Ganfeng.

    No. 4: Mt Catllin, also in WA, a joint venture between Galaxy Resources (ASX: GXY) and General Mining, with production having resumed and off-take agreements being signed with two Chinese customers

    May 25, 2016 - 10:29 PM

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