Altura Mining
(ASX:AJM) has signed an offtake agreement with established Chinese lithium materials producer Shandong Ruifu.
The agreement is for a five-year term and will provide 35,000 tonnes per annum of lithium concentrate.
Altura has also terminated an existing offtake agreement with another Chinese firm Shaanxi J&R Optimum Energy.
The company says the offtake arrangement with Shandong Ruifu continues to broaden and strengthen its customer base.
Shares in Altura Mining
(ASX:AJM) are trading flat at $0.12.
