Galaxy Resources sees lithium demand remaining strong with electric storage booming
May 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
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