(Yicai Global) June 20 -- A unit of Australia's Mineral Resources has terminated its outsourcing contract with Ganfeng Lithium Group, a Chinese metal processing company, early to increase its margins as lithium carbonate prices are falling, according to an insider.
Process Minerals International will start directly selling raw spodumene to Ganfeng, which results in higher margins than the earlier model of outsourcing processing so that the Australian company could sell lithium compounds, the Paper reported yesterday, citing a person familiar with the matter.....
ESS Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
