GXY 0.00% $5.28 galaxy resources limited

Moorookamick...can I also add that if there was another global...

  1. 60 Posts.
    Moorookamick...can I also add that if there was another global glut in lithium (which there shouldn't be due to rising demand outstripping supply), then considering GXY will eventually become a vertically integrated battery manufacturer, GXY's bottom line will be dependent not on the price of Lithium but on the price of Lithium batteries. If the price of Lithium batteries were to fall, then yes, it could be more cost effective to temporarily close the mine and source Lithium from South America.

    A less talked about issue which could affect the Lithium price moving forward is recycled Lithium from used batteries. If I was a strategist at GXY I would be considering setting up a recycling plant in China as extra feed stock for my battery plant. I'm not sure how developed Lithium recycling technology is however. Rare earth metal recycling technologies are still rather infant.
 
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