Altura Mining has loaded and shipped a combined 19,500 wmt of spodumene concentrate from Port Hedland for delivery to existing China-based offtake partners in the last week.
|Image source ©Altura Mining|
The latest shipments take product exports since 1 July 2019 to approximately 37,000 dry metric tonnes, which is in line with the previous guidance.
During October the Company is planning a further sale of a minimum of 10,000 dry metric tonnes.
Altura also delivered its production guidance of 45,000 wmt with a quarterly total of 45,484 wmt, which included a monthly production record of 16,562 wmt for September.
The Altura Lithium Project has now completed two full quarters of commercial production and continues to attract strong sales interest from current offtake partners and other parties.
Altura Managing Director James Brown said the company continues to produce a consistent and premium quality lithium concentrate that is being well sought-after by offtake partners.
“We recently completed another marketing visit to China, meeting with potential new offtakers and our existing offtake partners, who reinforced their intention to continue with scheduled purchases of our product for the remainder of 2019 and beyond.
“Recent product pricing has remained in line with previous quarters however, the December Quarter prices are yet to be agreed. The market remains relatively tight, but the long-term fundamentals have not changed. Internally our focus is firmly on production and cost of that production.”