Talison is currently engaging in discussions with its customers with regards to prices for calendar 2012 sales. A number of contracts have been concluded and price increases of 15% have been achieved for sales to customers in China, Europe, US and Japan across a range of lithium concentrate products.
The price increases reflect current lithium market dynamics and are consistent with Talison’s previously stated objective of pursuing prices that enable existing producers to justify the capital expenditure necessary to maintain a secure and growing supply of lithium in the future. Talison is optimistic it will achieve similar price increases in the remaining sales contracts it is negotiating for calendar 2012. "
Looks like 'the North America / European situation' is not having a direct effect on Lithium prices in Australia / China etc, hey Moo?
Lithium prices increasing, global markets recovering, Galaxy about to complete Jiangsu plant and remains heavily undervalued. Good time to have an interest in Galaxy.
Good luck all
GXY Price at posting:
31.5¢ Sentiment: Buy Disclosure: Not Held
