In November 2020, Chengxin Lithium Group signed a 3 year supply deal with Galaxy Resources that started at 60ktpa, ramping up to 180ktpa.
Amazing for AVZ to now secure it's #2 SC6 offtake with one of China's emerging powerhouses who is looking to lock in long term supply deals with Australia (Trade War, What Trade War ?).
This deal now ensures that approximately 60% of AVZ's initial SC6 production is now under Long Term Contract.
I wonder how Chengxin will favour AVZ's High Grade (6.1-6.2% Li20) & Low Impurity product in comparison to Galaxy Resources Lower Grade (5.8%) Product moving forward ???
AVZ Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
