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September 2020 Quarterly Activities

Galaxy Resources Limited (“Galaxy” or the “Company”) (ASX: GXY) will release its September quarterly activities report pre-market open on Wednesday, 28 October 2020. A conference call will be held on the same day to review the quarterly results at 11:00am AEDT (8:00am AWST). To view the dial in details and preliminary results click here

Tesla Battery Day

Tesla’s Battery Day revealed their plans to improve EV costs and performance, including localisation and expansion of manufacturing facilities, battery technology advancements and further vertical integration upstream into raw materials. In Galaxy’s view these plans are positive for the industry and support the inevitable EV-led lithium demand surge. Tesla plans to meet significant EV demand …

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Half-Year 2020 Financial Results

Galaxy Resources Limited (ASX: GXY, “Galaxy” or the “Company”) has released its financial results for the half-year ended 30 June 2020. To view the consolidated half-year financial report click here To view the financial results presentation please click here

Europe EV sales outpace China

“Western Europe’s electric-vehicle sales pulled ahead of China’s after countries including Germany and France boosted government subsidies to stimulate demand that had been decimated by the pandemic.” To read the full article, click here Further, China’s NEV outputs and sales reached 100,000 units and 98,000 units in July, jumping 15.6% and 19.3% year on year …

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June 2020 Quarterly Activities

Galaxy Resources Limited is leveraging its portfolio of world-class development assets to create a sustainable, large scale, global lithium chemicals business. Galaxy is pleased to report on activities undertaken in the June 2020 quarter and its financial position as at 30 June 2020. Report Transcript

Multiyear offtake agreement executed

A multiyear offtake extension has been executed with long term major customer Yahua Industrial Group. Yahua has recently doubled their lithium hydroxide production capacity and has agreed to purchase additional spodumene concentrate from Mt Cattlin. To view the full announcement, click here:

German auto stimulus to accelerate the transition to electric vehicles

“Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla, while polluting SUVs face higher taxes.” The country has effectively doubled electric car subsidies, lowered the associated VAT, and rejected an auto industry request to incentivise …

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Carmakers facing ‘critical’ shortage of battery materials

“The COVID-19 pandemic may have dampened demand for electric vehicles and associated raw materials in the near term, but “critical” supply issues and wild price volatility loom once normality returns, according to Benchmark Mineral Intelligence head of price assessments Caspar Rawles.” This article is for MiningNews subscribers only. To read the full article, click here …

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