AT A GLANCE: Galaxy Resources output grows 39.7% in Q1 on ramp-up at Mt Cattlin

A summary of Australia-based spodumene concentrate miner Galaxy Resources’ preliminary results for the first quarter of 2021, released on Monday April 12.

In brief

  • Galaxy attributed the 39.7% increase in spodumene concentrate production quarter on quarter to the ramp up at its Mount Cattlin mine in Western Australia back to nameplate capacity over the first quarter.
  • Shipments over the quarter were down due to the delay to a 15,000 dmt delivery in April due to logistics problems.
  • Contracts for second-quarter shipments are expected to be well above the $600 per dmt mark, on a cif China basis, it said.
  • Galaxy continues to advance the development of the Sal de Vida lithium brine production facility in Argentina. “Engineering is under way to advance it towards a ‘construction-ready’ status by year-end”, it said.

Operational results January-March 2021
quarter-on-quarter comparison

Spodumene concentrate sales volumes
29,917 dmt, down by 60.29%

Spodumene concentrate output
46,588 dmt, up by 39.7%

What to read next
Chinese corn import activity continued to be sluggish in June, dropping to 156,445 tonnes, down by 32,000 tonnes, 17%, from 188,542 tonnes in May, according to the latest data from the country’s General Administration of Customs (GACC).
China’s push for greener ferro-alloy production has revealed a significant divide between its northern and southern regions due to contrasting access to clean energy, supply and demand dynamics and regulatory environments, according to market participants.
Despite falling prices, three Brazilian lithium plants – owned by Sigma Lithium, Companhia Brasileira de Lítio (CBL) and AMG Lithium – are seeking to expand their operations in the coming years, in order to become more competitive in the global market, Fastmarkets heard during the “Lithium Business Brazil” event held July 8-10 in the state of Minas Gerais.
The government of Finland was ramping-up support for its burgeoning battery materials supply chain through grants for facilities owned by Easpring Finland New Materials and Fortum Battery Recycling, the firms said on Thursday July 10.
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]