Galaxy resources

Parecen estabilizarse los precios del litio y se espera nuevo tirón al alza

http://oilprice.com/Energy/Energy-General/Tesla-Apple-and-Uber-Push-Lithium-Prices-Even-Higher.html

Análisis fundamental. Cambio espectacular de ratios financieros para el próximo año. 2017-2018 se pronostican muy buenos, con altos beneficios, retornos de capital, poca deuda y cash flow creciente.

http://www.4-traders.com/GALAXY-RESOURCES-10354892/financials/

http://www.galaxyresources.com.au/media/announcements/43c39k9m64mbnb.pdf

Galaxy gets approval for lithium exports

26TH OCTOBER 2016

PERTH (miningweekly.com) – ASX-listed Galaxy Resources has been given approval to export spodumene from its Mt Cattlinproject from the Port of Esperance, in Western Australia.
The company told shareholders on Wednesday that it had received key approvals from the Department of Environmental Regulations and the Southern PortsAuthority, allowing exports from Mt Cattlin to start.
Obtaining the Esperance port licence is a major milestone achieved in the ongoing preparation ahead of the start of production at Mt Cattlin in time for the first shipments later this year,” said Galaxy MD Anthony Tse.
A condition of the approval included the reduction of mica content in the spodumene, and Galaxy has now achieved a product specification of below 5% mica, which Tse said was a significant reduction from the prior product specification.
Wet commissioning of the feed classification at Mt Cattlinstarted in October this year, and final commissioning has been completed on the ore preparation area.
Galaxy earlier this year completed its takeover of joint venture partner General Mining, gaining full ownership of the Mt Cattlin project.
General Mining in July announced a decision to upgrade the throughput at Mt Cattlin from 800 000 t/y to 1.6-million tonnes a year, which is expected to deliver substantial operational efficiency and greater capacity to meet the current demand for spodumene production from the Chinese market.

http://www.miningweekly.com/article/...rts-2016-10-26

Opinión de los analistas, 3 recomiendan comprar y dan precio medio de 0,51

http://quotes.wsj.com/AU/XASX/GXY/research-ratings

Cuando los análisis recomiendan comprar... Mejor vender

Yo las venderé cuando roze el dólar. Aún queda mucho camino, podría ser un par de años.

6% arriba.

Report publicado hoy

http://www.galaxyresources.com.au/announcements-1/quarterly-report-september-2016

Lithium prices tipped to rise 20 per cent by 2017 on demand for electric cars
http://www.theage.com.au/business/mi...26-gkid4z.html

Driven by a surge in sales volume of new energy vehicles in China, the upstream material- lithium carbonate was in short supply in the fourth quarter of 2015 with soaring prices. Global lithium carbonate output increased by 12.3% year on year to 202,800 tons in 2015 and is expected to arrive at 244,200 tons in 2016, 288,900 tons in 2017, and 341,000 tons in 2018, a rise of 20.4%, 18.3%, and 18.4% from a year ago, respectively.

The booming sales of new energy vehicles worldwide will boost lithium carbonate consumption significantly. According to estimates, every 100,000 new energy vehicles (electric bus (40%), electric sedan (20%), hybrid bus (25%), and hybrid sedan (15%)) will create a demand of 5,000 tons to 8,000 tons of battery-grade lithium carbonate, about a rise of 5%-8% in global demand for battery-grade lithium carbonate.

The price of lithium carbonate in China has been going straight up since Oct 2015 with that of industrial-grade and battery-grade lithium carbonate rising substantially (to RMB120,000/t and RMB150,000/t in Jan 2016, respectively, when battery-grade lithium hydroxide was quoted at RMB140,000/t, compared with the bottom price of lithium carbonate standing at RMB50,000/t). It is expected that global demand for lithium carbonate will outpace supply during 2016-2017, leading to a continued price rise during this period. As new lithium carbonate capacities are gradually released after 2017, the price will tend to stabilize.

Global lithium resources are primarily concentrated in Chile and China. However, as the Chinese lithium carbonate manufacturers are restrained by production technology, the supply of capacity is limited and Chile and Australia hold the lion’s share of global capacity. The world’s top3 players- SQM, FMC, and Rockwood together seize more than 56% market share, which give them a strong bargaining power over downstream companies and powerful pricing power and allow them to adjust prices according to market supply & demand and changes in production costs. Global lithium carbonate companies have successively expanded capacity so as to meet ever-increasing market demand in recent years. Meanwhile, a large number of newcomers outside the industry build new capacity and get involved in lithium carbonate business, thus reducing the concentration of the industry.

Chinese lithium carbonate suppliers can be principally divided into two categories: salt lake providers represented by Tibet Urban Development and Investment, spodumene providers represented by Sichuan Tianqi Lithium Industries and Galaxy Resources. The exploitation of salt lakes in China is still in its infancy with small capacity, while spodumene providers represented by Sichuan Tianqi Lithium Industries are relatively competitive.

In 2014, China produced 43,000 tons of lithium carbonate, a year-on-year rise of 16.5%, 23,000 tons of lithium hydroxide monohydrate, up 4.5% over the previous year and mainly concentrated in Sichuan, and 2,600 tons of lithium metal, an increase of 13% from a year ago, compared with global output of around 4,000 tons. An output of 49,000 tons and apparent consumption of 74,000 tons caused a supply gap of 25,000 tons in 2015, and the gap is expected to reach 31,400 tons in 2020, creating brisk demand for imports.

We believe that as the Chinese government scales up its support for new energy vehicles, the demand for battery-grade lithium carbonate will be a tipping point. China’s demand for battery-grade lithium carbonate was about 27,800 tons in 2015 and is expected to exceed 100,000 tons in 2020. The country’s total demand for lithium carbonate will increase at annual rate of 20% over the next couple years, higher than the global average and approximating 167,000 tons in 2020.

http://www.researchinchina.com/Htmls/Report/2016/10223.html

Galaxy Resources avanza con proyecto de litio en argentina
La iniciativa tiene una inversión estimada en USD 376 millones y contempla una producción anual de 25.000 toneladas de carbonato de litio y 95.000 toneladas de cloruro de potasio.
argentina-resources-galaxy

Lunes 14 de Noviembre

http://www.portalminero.com/display/...o+en+argentina

Los precios del litio empiezan a repuntar de nuevo. Se espera gran demanda para los próximos meses

https://www.electromaps.com/articulo/tesla-confirma-una-segunda-fabrica-de-baterias-en-europa

Galaxy empezaran el próximo año en el proyecto Sal de Vida, en el triángulo del litio. Será buen año por precios y demanda del metal

http://www.ellitoral.com/index.php/id_um/139075-el-futuro-en-el-triangulo-de-litio-celulares-autos-y-mucho-mas

Galaxy Resources expects to commence lithium concentrate production
Posted on November 10, 2016 by Lara Smith
Galaxy Resources Limited (ASX: GXY) is an Australia based company in the mining exploration and production industry, specifically focusing on Lithium mining, and conducting operations across three sites in Australia, Canada and Argentina. Lithium is a key component in eponymous lithium ion batteries, used in all manner of equipment from personal electronic devices and laptops to the electronic vehicles. With supply constraints and ever increasing demand, Lithium was one of the few commodities to increase in price value over 2015, growing from $5,800/tonne to over $10,000/tonne within the year.

In 2012 Galaxy Resources acquired, and has since been developing, their flagship project at Sal de Vida in Argentina, an area which produces over 60% of global lithium supplies. This area is known for having some of the highest quality lithium brine in the world, with high lithium content and potassium yields necessary for scaling production, and low impurities which reduce production costs. Galaxy Resources controls exclusive mineral rights over 385 square kilometres. A feasibility study for the site conducted in 2013- prior to the 2015 price increases in Lithium – estimated that the Sal de Vida site would produce annual revenues of US $215 million. Coupled with devaluation of the Peso and removal of withholding taxes in the country, there is a lot lining up in support of the lucrative Argentinian site.

Galaxy Resources has taken impressive strides since coming under new management in 2013. Chairman Martin Rowley has founded and directed a number of commodities mining companies, including First Quantum – one of the world’s largest copper producers. Anthony Tse, Managing Director, arrived with over 20 years’ experience in senior corporate management within high-growth sectors. Over the last three years the new team has drastically reduced the company’s debt from A$200 million to $20 million, directing the business’s focus on developing lithium production. Part of this strategy has included divestment from a processing plant in China worth over $100 million. In 2015 Galaxy Resources Limited reinvested in a joint venture with General Mining Corporation Ltd to begin lithium production at their Mt Cattlin mine in Western Australia. This joint venture soon developed into a takeover bid from Galaxy, no doubt encouraged by the agreement reached between General Mining and Mitsubishi for the latter to offtake total lithium production from the Mt Cattlin site. The share price for each partner has rocketed by over 1,000% over the last 12 months, and merger will see the creation of Australia’s second-largest lithium producer with a combined market cap of $657 million