About Galaxy resources ltd
Galaxy Resources Ltd: A Leading Name in the World of Mining and Exploration
Galaxy Resources Ltd is a renowned mining and exploration company that has been operating for over two decades. The company has established itself as a leading name in the industry, with its focus on lithium mining and exploration. Galaxy Resources Ltd is headquartered in Perth, Western Australia, and has operations across Australia, Canada, Argentina, and China.
The company's primary objective is to explore and develop high-quality lithium resources to meet the growing demand for lithium-ion batteries. With the increasing popularity of electric vehicles (EVs) worldwide, there has been a surge in demand for lithium-ion batteries. Galaxy Resources Ltd aims to capitalize on this trend by producing high-quality lithium products that meet global standards.
Galaxy Resources Ltd's History
Galaxy Resources was founded in 1996 by Mark Creasy as an Australian-based mineral exploration company. In 2007, it acquired Sal de Vida project located in Argentina which marked its entry into the Lithium market.
In 2011-12 Galaxy completed construction of its first Lithium mine at Mt Cattlin near Ravensthorpe Western Australia which commenced production early 2013.
In 2016-17 Galaxy completed construction of its second Lithium mine at James Bay Quebec Canada which commenced production late 2017.
In addition to these mines it also owns several other projects including Sal de Vida project located in Argentina which is one of the largest undeveloped brine deposits globally with significant potential for future expansion; James Bay Project located Quebec Canada; Hombre Muerto West Project located Argentina; Cowan Lithium Project located Western Australia; Greenbushes South Project located Western Australia etc.
Galaxy Resource's Products
Galaxy Resource's main product line includes spodumene concentrate (SC6), battery-grade lithium carbonate (LCE), battery-grade lithium hydroxide monohydrate (LH) and tantalum concentrate.
Spodumene concentrate is a high-quality lithium product that is used in the production of lithium-ion batteries. Galaxy Resources Ltd produces spodumene concentrate at its Mt Cattlin mine in Western Australia and James Bay mine in Quebec, Canada.
Battery-grade lithium carbonate (LCE) is another key product of Galaxy Resources Ltd. It is produced by processing spodumene concentrate and has a purity level of over 99.5%. Battery-grade LCE is used in the production of cathode materials for lithium-ion batteries.
Battery-grade lithium hydroxide monohydrate (LH) is another high-quality product produced by Galaxy Resources Ltd. It has a purity level of over 99.5% and is used in the production of cathode materials for high-performance EVs.
Tantalum concentrate, which contains tantalite, niobium, tin, and tungsten minerals, is also produced by Galaxy Resources Ltd as a by-product from its Mt Cattlin mine.
Galaxy Resource's Sustainability Efforts
Galaxy Resources Ltd recognizes the importance of sustainability and environmental responsibility in mining operations. The company has implemented several measures to reduce its carbon footprint and minimize environmental impact.
The company uses renewable energy sources such as solar power to reduce greenhouse gas emissions from its mining operations. It also implements water conservation measures to minimize water usage during mining activities.
Galaxy Resources Ltd also works closely with local communities to ensure that their social needs are met while minimizing any negative impact on their environment or cultural heritage sites.
Conclusion
In conclusion, Galaxy Resources Ltd stands out as one of the leading names in the world of mining and exploration with its focus on producing high-quality lithium products for use in electric vehicles worldwide. With two operational mines located across Australia & Canada along with several other projects under development globally it aims to meet growing demand for Lithium products worldwide while ensuring sustainability and environmental responsibility.