Alliance Mineral Assets signs lithium offtake deal
It will supply Burwill with lithium concentrate for an initial five-year period at a fixed price of US$880 a tonne for lithium oxide with a concentration of 6 per cent
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Singapore
CATALIST-listed Alliance Mineral Assets Limited (AMA) has secured an offtake agreement with Burwill Holdings Limited to supply the Chinese steel trading and mining firm with lithium concentrate for an initial five-year period.
This marks a major milestone for AMA as it looks to start lithium production at its Bald Hill project in Western Australia by the end of this year. With this, the project has turned from being merely "a story" to reality, said its CEO Tjandra Pramoko in a phone interview with The Business Times.
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