The West

Galaxy Resources is celebrating the sale of its first batch of lithium carbonate from its Jiangsu lithium carbonate plant in China, marking the first revenue stream from the plant.

The lithium carbonate was produced using spodumene concentrate from Galaxy's wholly-owned Mt Cattlin mine near Ravensthorpe.

Galaxy managing director Iggy Tan said the sale represented a step forward with the company's business plan of becoming a fully integrated lithium company.

"We continue to improve operations at Jiangsu to ensure the quality of the product reaches the highest grade specifications desired by the lithium-ion battery sector," he said.

Galaxy is targeting production of 17,000 tonnes per annum from the plant within 12 months.

The company said the $100 million Jiangsu plant was the first fully-automated lithium carbonate plant in China and one of the most highly sophisticated plants of its kind in the world.

Galaxy has long-term offtake framework agreements signed with 13 major cathode producers in China and Mitsubishi Corporation of Japan.

Galaxy shares were up five cents, or 8.33 per cent, to 65 cents at 10.55am.

The West Australian

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