GXY 0.00% $5.28 galaxy resources limited

Ann: Annual General Meeting Presentation, page-113

  1. 219 Posts.
    lightbulb Created with Sketch. 42
    Thanks Battleship, so I understand right the converters take Spod and create either lithium carbonate or Hydroxide, are you saying the battery manufacturers don't have enough capacity to us all the carbonate or hydroxide and so that is why the Spod converters are sitting idle.

    From what I understand the demand for more batteries is there (comments from Tesla etc), therefore you would hope that battery makers are only 6-12months away from greater manufacturing capacity and therefore lithium prices should improve when this happens.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.