Galaxy to buy Lithium one gazette
With global demand for lithium growing in the battery industry, the goal is to build the largest pure-play producer in the world, said Galaxy’s managing director, Iggy Tan.
“Once you get to that level, you are really on the radar to some of the bigger institutions,” he said.
Lithium batteries have taken off in recent years on the proliferation of consumer electronics like tablet computers and smartphones, along with electric and hybrid vehicles.
Galaxy owns the Mt. Cattlin hard-rock lithium mine in Australia and a lithium carbonate processing plant in China. The company, which has the capacity of produce 17,000 tonnes a year, has off-take agreements with Japan’s Mitsubishi Corp. and battery makers in China.
https://www.montrealgazette.com/touch/entertainment/story.html?id=6385298