J&R Optimum Energy signs exclusive sale agreement of lithium concentrate to guarantee raw material supply
2017-07-13 18:00:05 [Print]
According to an announcement from J&R Optimum Energy on late 11 July, the company signed an agreement with joint stock company Altura, intending to conduct exclusive sale of some lithium concentrate produced by Altura. J&R Optimum Energy shall purchase a minimum of 100,000 metric tons of lithium concentrate 6% via exclusive sales per year at least in the coming 5 years with the rest material to be sold by Altura; prices will be USD550-950/dry metric ton within the first 3 years of the agreement
. The company explained the agreement can guarantee stable supply of upstream raw material but with the risk of unable to be digested.