Emerging lithium manufacturer - based in Perth Australia GALAXY Resources shares up 8% today, because there are rumors that the company plans to set up factories in China, production is widely used in rechargeable lithium battery.
Lithium batteries are widely used in mobile phones and hybrid vehicles and electric vehicles, etc., there are great prospects for development. Engage in the production of lithium in China can more easily enter the Chinese market, saved many of middle-mitigation and transportation costs.
GALAXY Resources has been the site of China’s factory in the Jiangsu Yangtze River International Chemical Industrial Park (Yangtze River International Chemical Industrial Park), the Industrial Park, Zhangjiagang only 500 meters distance. GALAXY Resources CEO Iggy Tan said that the lithium ore from Australia can be easily transported to the plant through the Yangtze River. He disclosed that the plant design capacity was 17,000 tons for lithium. As the supporting facilities around the build-up very well with a number of lithium battery-related industries, the lithium can be easily used to make lithium-ion battery.
Iggy Tan said that the factory will be completed and put into production for the Chinese Li-ion battery industry with a great convenience, consumers will be able to buy cheaper to lithium batteries. He said: “Once the large-scale industrialization of production, price of lithium batteries will come down.”
It is, GALAXY Resources is the first into Yangtze River International Chemical Industrial Park of the Australian company. Yangtze River International Chemical Industrial Park is located in Zhangjiagang Free Trade Zone, the planning area of 43 square kilometers, is a comprehensive large-scale chemical industry, where there are already some Japanese touch, and Dow Chemical, including dozens of the world’s leading chemical companies settled.
Lithium batteries are widely used in mobile phones and hybrid vehicles and electric vehicles, etc., there are great prospects for development. Engage in the production of lithium in China can more easily enter the Chinese market, saved many of middle-mitigation and transportation costs.
GALAXY Resources has been the site of China’s factory in the Jiangsu Yangtze River International Chemical Industrial Park (Yangtze River International Chemical Industrial Park), the Industrial Park, Zhangjiagang only 500 meters distance. GALAXY Resources CEO Iggy Tan said that the lithium ore from Australia can be easily transported to the plant through the Yangtze River. He disclosed that the plant design capacity was 17,000 tons for lithium. As the supporting facilities around the build-up very well with a number of lithium battery-related industries, the lithium can be easily used to make lithium-ion battery.
Iggy Tan said that the factory will be completed and put into production for the Chinese Li-ion battery industry with a great convenience, consumers will be able to buy cheaper to lithium batteries. He said: “Once the large-scale industrialization of production, price of lithium batteries will come down.”
It is, GALAXY Resources is the first into Yangtze River International Chemical Industrial Park of the Australian company. Yangtze River International Chemical Industrial Park is located in Zhangjiagang Free Trade Zone, the planning area of 43 square kilometers, is a comprehensive large-scale chemical industry, where there are already some Japanese touch, and Dow Chemical, including dozens of the world’s leading chemical companies settled.
