Australia's Core Lithium inks 4-year supply deal with China's Ganfeng
2021-08-10 13:20:51 [Print]
Australia's Core Lithium said on Aug 9 that China's Ganfeng Lithium would buy spodumene concentrate from its Finniss project in the Northern Territory for four years. Ganfeng will buy 300,000 dry metric tonnes of spodumene concentrate from the project.
Combined with an existing supply deal with its largest shareholder Sichuan Yahua, about 80% of Finniss' first stage production is contracted over the first four years of mine life, Core said.
It would finish constructing the project in the second half of 2021 and would start production in late 2022, Core added. The lithium explorer had previously said it expected 10 years of production from it.
Combined with an existing supply deal with its largest shareholder Sichuan Yahua, about 80% of Finniss' first stage production is contracted over the first four years of mine life, Core said.
It would finish constructing the project in the second half of 2021 and would start production in late 2022, Core added. The lithium explorer had previously said it expected 10 years of production from it.
Spodumene Li2O 3%min In port China
Unit:RMB/dmtu
China lithium cobaltate producers' inventory to production ratio statistics by province by month
Unit: %
