Lithium mining, chemicals and battery company Galaxy Resources Limited (ASX:GXY) has sold its first commercial shipment of Mt Cattlin spodumene for more than $5.5 million.
The spodumene concentrate has been sold from its wholly owned project in Western Australia to third party Chinese customers and represents the first significant lithium revenue stream for Mt Cattlin.
The shipment was the fourth shipment of spodumene concentrate exported by Galaxy, with the first three having been received for processing at the company’s Jiangso Lithium Carbonate Plant in China.
Galaxy last week announced that it had sold first lithium carbonate to a Chinese customer from its wholly owned Jiangsu plant, also marking the first revenue stream for the plant.
In the first half of its 2012 financial year Galaxy Resources booked a net loss of $131.9 million
