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• Aug 30 2018 at 1:29 PM
• Updated Aug 30 2018 at 3:57 PM

Galaxy holds no fears over lithium supply surge
Lithium exporter Galaxy Resources says it does not fear the supply surge that will come within weeks from two new Australian lithium mines, and says it received higher prices for its product over the past six months despite falls in some high-profile price indexes over the same period.

Lithium stocks like Galaxy, which exports a lithium-rich spodumene concentrate from Australia's south coast, have been battered over the past eight months amid concerns about large amounts of new supply hitting the market and in response to a 30 per cent fall in the Chinese spot price for lithium carbonate with 99.5 per cent purity........