Altura Mining signs offtake agreement with Chinese firm

Company News

by Anna Napoli

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.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.