Argosy secures lithium carbonate sales to Hong Kong Company

The Australian mining company Argosy Minerals has signed a Spot sales contract with the CB Supply Chain from Hong Kong for the sale of 60 tons (T) Battery quality lithium carbonate from its Rincon lithium project in the province of Salta in Argentina.

The contract indicates a fixed price on which the lithium carbonate price of Shanghai Metals Market (SMM) of the battery battery battery is referred to, whereby the delivery conditions for board (FOB) at the port of Buenos Aires on board (FOB) free of charge (FOB).

The payment terms require a deposit of 30% with the remaining 70% that are due before the ship’s pollution. Argosy will take over the freight preparation and packaging for the delivery.

Argosy Mineralals stated that there are no material conditions that have to be met before the Spot sales contract has expired, which indicates a smooth transaction process.

The Argosy Managing Director, Jerko ZUVELA, said: “We have received such a strong interest in the sale of our Lithium carbonate product of our battery quality. With our positive project finder data, we will be strong beneficiaries of the EV/lithium sector -re -life in which the relevant development mile so far with our Rincon Lithium were achieved.

“We are very happy to be part of an exclusive group of lithium carbonate product exporters of the battery quality, since many of our colleagues who try to achieve this performance perform.”

Argosy Minerals with an interest of 77% in the Rincon Lithium project is ready to use its strategic location in the Lithium triangle, which is known for the world’s largest lithium resources.

The Company Received approval for environmental impact assessment For the project in April 2024 so that it can expand the lithium carbonate production to 12,000 t a year.

Argosy minerals too received an investment of $ 5 million From the lithium-ion battery manufacturer Amperex technology in May 2024 to complete the Rincon lithium project.

“Argosy secures lithium carbonate sales to Hong Kong Company” was originally created and published by Mining technologya brand of globaldata.

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