Galaxy Resources Limited (ASX:GXY) Jiangsu Plant Achieves Battery Grade Specs. - lithium ion battery price

Perth, Australia, July 27, 2012
(Dutch news agency )-
Lithium products Resources Co. , Ltd. (ASX: GXY) recommends lithium carbonate products, its wholly owned subsidiary
The owned Jiangsu Lithium Carbonate Plant ("Jiangsu" or "Jiangsu factory") has reached the battery grade quality of all specifications, in line with the design of the factory.
That means, and stick to 99.
5% purity standard, producing tolerances that now meet the requirements of its cathode production customers for non-purity.
Battery Grade lithium carbonate must comply with strict specifications and only impurities with specific contents such as calcium, magnesium, iron, sulfur and sodium are allowed.
(See figure 1, see the link at the bottom of the release ).
Sample materials will now be delivered to Galaxy's existing customers in accordance with qualified test and confirmed offshore framework agreements (13 major battery cathode manufacturers in China and Mitsubishi Corporation in Japan.
At the same time, the company continues to sell final products to technical-level customers at higher prices.
Battery Grade lithium carbonate has a higher price than the more common technology and industrial grade materials.
The realization of battery-grade products is an important milestone in this field.
The rise of Jiangsu factories and the company's strategy to become a leading enterprise in the lithium industry
Ion batteries are on the market.
Iggy Tan, Galaxy general manager, said the company was very pleased to have achieved the design battery grade specifications so early in the life cycle of the Jiangsu plant.
"It takes quite a long time to implement product quality design in a complex chemical plan, and the Jiangsu team has worked hard to reach all lithium carbonate battery grade specifications so early on the rampup cycle.
"Despite years of development, only a few Chinese lithium carbonate plants have reached the battery grade specifications of lithium carbonate ".
"So far, the company has been very satisfied with the quality and operational performance of Jiangsu.
As technical grade requirements and sales continue, we are preparing sample battery grade materials for major cathode offline customers.
As growth continues, revenue flows from Jiangsu will continue to increase
"Production is rising," he said . "
Compared to the design instantaneous rate of 18 tons/hour or 83% of the instantaneous design capacity, the feeding rate of calcin furnace (factory front end) is currently operating at 15 tons/hour.
The performance of the pre-burn and vulcanization kiln has met expectations and there is room for further improvement in the feed rate over the next few weeks.
The filtration part of the Jiangsu plant is operated according to the design, and a strong impurity removal rate (slag, iron, calcium and magnesium) is recorded ).
The capacity of slag filtration and washing devices seems to be large. The ion-
Exchange plant successfully reduced the calcium content in Lithium sulfate mother liquor to meet batterygrade specifications.
The purification plant has been fully operational and successfully produced the low impurity final product required by the battery industry.
As part of the ramp, the Jiangsu team is working to improve back-end stability and increase recoveryup plan.
Continued customer sales the company has so far successfully sold all lithium carbonate products produced by the Jiangsu plant, which is generally accepted by customers.
With the increase of production, the output and income flow of Jiangsu factory will continue to increase
Continue to rise.
China's demand for lithium carbonate remains strong, with prices rising about 17% since the same period last year.
The Galaxy marketing and sales team also established an advance sales order prior to the production profile, which indicates further recognition of the quality of the product.
The company will continue to focus on production in Jiangsu to achieve a complete design volume of lithium carbonate and a higher "top" grade.
The company's strategy has always been to sell high quality, high value products, not non-
Battery Application and meeting battery grade specifications are an important step in achieving this strategy.
The eventual increase in sales of lithium carbonate products will facilitate the flow of the site and positive operational cash flow is expected in 2013.
The company's cash position at the end of June 2012 (unaudited) was $17. 4 million.
In addition, Galaxy has pledged to operate capital facilities in several Chinese banks, providing Jiangsu ramp with a total of $45 million. up.
Production started at a $100 million Jiangsu plant in 12 years, ramp-
It is expected to take up to 12 months from that day.
The design capacity of Jiangsu factory is 17,000 tons (99 tons) per year ).
5%) lithium carbonate.
Jiangsu factory is the first
China's automatic lithium carbonate plant is also one of the most advanced factories in the world.
To view the full Galaxy resource announcement including numbers, please click on the link below: About Galaxy Resources Limited: Galaxy Resources Limited (ASX: GXY) is Australia-
Headquartered in Global Lithium, it has lithium production facilities, hard rock and salt water assets in Australia, China, Canada and Argentina.
The company is a comprehensive lithium mine, chemicals and battery company (code: GXY) listed on the Australian Stock Exchange and is a member of the theS & P/ASX 300 index.
Galaxy is wholly owned by the Mt Cattlin project near Ravensthorpe in Western Australia, where lithium Weijing rock ore is mined and iton website processed to produce lithium pyroxene concentrate and taproduct.
Galaxy will process 137,000 tpa's spodumene concentrate at full capacity, which will feed the company's wholly owned subsidiary
Jiangsu carbonate plant in Jiangsu province, China.
The Jiangsu plant has begun production and will produce 17,000 tpa of battery grade bicarbonate, the largest producer in the Asia-Pacific region and the fourth largest producer in the world.
Galaxy is also advancing the development of Sal de Vida (70%) in Argentina, located in lithiumtriangle (where Chile, Argentina and Bolivia meet) the plan for the lithium and potash salt water project is a source of 60% of the current global lithium production.
Sal de Vida has excellent prospects as a low-cost salt mine and lithium carbonate processing facility in the future.
The company has completed a feasibility study on lithium
Ion battery plant, producing 620,000 battery packs per annumo for the electric bicycle (ebike) market.
The company also owns the JamesBay (100%) lithium Viagra project in Quebec, Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronic products and are important cathode materials for long life
Ion batteries used to power electronic devices
Bicycles, hybrids and electric vehicles.
Galaxy is optimistic about the global lithium demand outlook and positioning itself as the goal of achieving every step of the lithium supply chain.
Copyright 2012 ABN Newswire provided by Syndigate.
Information about Albawaba.