Resumen de Alliance Mineral, Burwill Lithium reach new lithium offtake agreement
Industrial Minerals
Australian lithium producer Alliance Mineral has established a new offtake agreement and pricing strategy for spodumene produced at Bald Hill in Western Australia.Hong Kong’s Burwill Lithium Co has agreed to transfer the rights and obligations of the long-term lithium offtake agreement it has with Australia’s Alliance Mineral Assets for the purchase of spodumene from its Bald Hill Mine in Western Australia to China’s Jiangxi Bao Lithium Industrial, effective from January 14. Lithium carbonate price fluctuations in China over the past year led to lithium hard rock miners establishing floor and ceiling prices from which to base their spodumene price, to protect both producers and consumers from lithium price volatility. Seeking new offtake partner Exclusivity and pre-emptive rights have been excluded from the new offtake agreement and Alliance is seeking a new offtake partner to purchase the remaining stage 1 and 2 lithium spodumene production.
