Galaxy Resources Limited
(ASX:GXY) has announced it has sold 120,000 tonnes of lithium concentrate from the Mt Cattlin project in Western Australia.
The lithium producer says the concentrate was sold for US$830 per tonne, which will be delivered in the 2017 calendar year.
The company’s current guidance for 2017 is for 160,000 tonnes of lithium concentrate production.
It also says it’s discussing longer term arrangements with existing customers beyond 2017, and will look at various options to diversify its customer base.
Galaxy Resources reported a net profit of $70.4 million at 30 June 2016.
