Galaxy Resources Limited ("Galaxy") is an Australian-based global lithium company with lithium production facilities and brine assets in Australia, China, Canada and Argentina. The Company is an integrated lithium and chemicals company listed on the Australian Securities Exchange (Code: GXY).
Galaxy wholly owns the Jiangsu Lithium Carbonate Plant in China's Jiangsu province. The Jiangsu plant has commenced production and will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world.
Galaxy is also advancing plans to develop the Sal de Vida (70%) lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet) which is currently the source of 60% of global lithium production. Sal de Vida has excellent promise as a future low cost brine mine and lithium carbonate processing facility.
The Company also owns the James Bay (100%) Lithium Pegmatite Project in Quebec, Canada and the Mt Cattlin Project near Ravensthorpe in Western Australia.
Lithium compounds are used in the manufacture of ceramics, glass, and electronics and are essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.
Galaxy Jiangsu Lithium Carbonate Plant in China