Shares in Galaxy Resources jumped on 29 November after it said it had signed a series of long-term lithium off-take agreements with customers in Asia. Loading Mr Wilkins said Galaxy had also signed a "conversion agreement" that would see some of Mt Cattlin's lithium concentrate converted into lithium carbonate/hydroxide on behalf of Galaxy. The company has also been working to develop new battery technology for its electric cars and is looking at ways to expand the use of lithium-ion batteries as an alternative energy source. Galaxy also said it would be paid a higher "headline" price for its product in 2018 than 2017.
Shares in Galaxy Resources jumped on 29 November after it said it had signed a series of long-term lithium off-take agreements with customers in Asia. The company has also been working to develop new battery technology for its electric cars and is looking at ways to expand the use of lithium-ion batteries as an alternative energy source. Galaxy also said it would be paid a higher "headline" price for its product in 2018 than 2017.