Lithium markets experience bumpy start to 2014

• Autores: Emma Hughes
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 558, 2014 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • During 2013, Galaxy's Jiangsu project produced 5,844 tonnes lithium carbonate and 1,360 tonnes in Q4. The company's Jiangsu plant also received its first shipment of feedstock from Talison Lithium in early December and production resumed in mid-December.

    "This impacted the strategic plan of Jiangsu reaching cash flow break-even status during the quarter. However individual run rate periods once Jiangsu was re-commissioned were encouraging and as such Galaxy expects to now reach cash flow break even status at Jiangsu within the first quarter of 2014," it added.

    "In doing so, monthly costs have been reduced from between A$250,000 and A$300,000/month to a steady state of less than A$100,000/month. Redundancies were paid in December, while camp, pilot plant and office closures will be finalised in the current quarter," Galaxy outlined.