- Write by:
-
Tuesday, August 20, 2019 - 11:31:01 AM
-
914 Visit
-
Print
Mining News Pro - Alita Resources Ltd said on Tuesday that its shipment of lithium concentrate to a China-based chemicals maker was below a previously set floor price amid higher lithium supply.
Alita, which is also listed in Singapore, said it was in discussions with Jiangxi Bao Jiang Lithium Industrial Ltd to restructure the offtake agreement it signed in January.
It shipped 10,500 dry metric tonnes (dmt) of lithium concentrate to the Chinese company below the agreed floor price of $680 dmt, as the lithium miner sought to offload its stockpile due to a challenging market for spodumene, a hard-rock mineral mined for lithium.
A shipment at the beginning of August went according to the pre-determined price.
Market conditions for lithium, a key ingredient in the battery industry, have worsened because of lower demand from Chinese customers after a change in the country’s electric vehicle subsidies and global trade tensions.
Short Link:
https://www.miningnews.ir/En/News/413145
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 ...
No comments have been posted yet ...