re: Ann: Galaxy Secures Spodumene Supply Agre... My perspective...

re: Ann: Galaxy Secures Spodumene Supply Agre... My perspective on this is that Iggy jumped the gun, as many others, on the consumption of spodumene. Lithium use is still in its early days although the appitite globaly will compound over the next few years.

Presently on an apples with apples basis, there is no way Mt Cattlin can compete on a cost production basis with Greenbushes (Talisman)until demand for Lithium gets up in a few years.

For starters, Greenbushes spodumene grade is three times better than Mt Cattlin. So costs on Mt Cattlin would be 3 times higher for export spodumene. It makes sense to me until the demand for Lithium is higher.

For now, supply to the China plant needs to be competitive right now, for all Galaxy assets to be competitive in the future.