Galaxy Resources Limited
(ASX:GXY) says it expects its Jiangsu Lithium Carbonate Plant in China to become cash flow positive in the third quarter of 2013.
The lithium mining, chemicals and battery company has affirmed the guidance on the back of boosting production at Jiangsu following the recommencement of operations in February.
Managing Director Iggy Tan says Galaxy will continue to increase production and sales as part of the plant’s ramp up program.
Galaxy Resources booked a net loss of $127.89 million in the first half of the 2013 financial year.
