"Galaxy is stealing a march on its competitors. By securing a large share of the Chinese lithium carbonate production by the end of 2011 Galaxy is aligning its fortunes with potentially the biggest lithium battery and electric vehicle markets in the world".
"Galaxy is closing on its target of becoming the largest, most efficient battery grade lithium carbonate producer in the key Chinese market in 2011. Commissioning, marketing and financial tasks must be successfully completed in the next 12 months, but Galaxy remains at least that far ahead of any rivals. Lithium battery demand and manufacturing capacity appears on track to absorb Galaxys output by 2012. On current projections Galaxy is valued at A$1.73 per share".
GXY Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
