GXY 0.00% $5.28 galaxy resources limited

Ann: Multiyear offtake agreement executed with new customer, page-10

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    This may be seen, (below) as linking in in with the previous quarter in the context of an increase in demand, may mean an increase in operations.

    ‘Galaxy expects to make further spot shipments in Q4, as discussions with customers are progressing well.
    Further shipments will see Galaxy’s inventory of spodumene concentrate return to normal levels by year end.


    This combined with strong customer indications of demand for 2021 and emerging supply side tightness (see market commentary below) has led Galaxy to commence examining the ramp up of Mt Cattlin operations to full rate.

    If this were to occur, it would be in Q1 2021.’

    Reference -

    Galaxy Resources. (28-20-2020) SEPTEMBER 2020 QUARTERLY ACTIVITIES REPORT p.5
    https://hotcopper.com.au/threads/an...s-report-september-2020.5715629/#.X6sJdVBS-cw
 
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