GXY 0.00% $5.28 galaxy resources limited

Ann: Jiangsu Lithium Carbonate Project Update , page-11

  1. 5,757 Posts.
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    Moorookamick you say in your post:

    "Will Talison's ramp-up in supply together with GXY's 17K ton oversupply the market "

    Please see below what Talison is saying:

    "Expansion ensures Talison is well positioned to increase sales and provide the lithium market with security of supply to meet expected future growth"

    http://www.talisonlithium.com/media/16783/110302_talison%20lithium%20commences%20expansion%20to%20double%20capacity.pdf

    Moorookamick, Talison is actually increasing production to give the market security of supply, and not over supply as you have theorised.

    Moorookamick do you have any data or calculations that may support your oversupply theory ?.

    Galaxy is also confirming Talison's sentiments:

    "Lithium compounds such as lithium carbonate are forecast to be in short supply against high future demand due to advances in long life batteries and sophisticated electronics including mobile phones and computers."

    "Galaxy Resources has positioned itself to meet this lithium future by not only mining the lithium, but also by downstream processing to supply lithium carbonate to the expanding Asian market."

    http://www.galaxyresources.com.au/corporate_overview.shtml
 
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