GXY 0.00% $5.28 galaxy resources limited

galaxy to buy talison ore, page-2

  1. 1,141 Posts.
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    Just had another read of this. Very interesting.

    "He said Galaxy was approached by Talison, and his company would purchase the new spodumene feedstock in US dollars...It's very simple," Mr Tan said. In the current economic conditions, it's just cheaper to buy the material. There was no alternative until recently. Talison has increased capacity since their expansion last year. They approached us and it became a viable option...The details of the supply deal with Talison are confidential."

    Not sure Tianqi can make EV grade. The website says "lithium carbonate technical and battery grade, lithium carbonate high purity".
    So a likely arrangement feedstock supplied by Greenbushes to Jiangsu for processing, and possibly sold back to Tianqi at high grade.At some stage you would expect if this went along well with ramp up, the middle man transactions could get 'cut out'.
 
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