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Core Lithium: Lands additional spodumene sales agreement with Yahua

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Core Lithium Lands additional spodumene sales agreement with Yahua

  • Core Lithium (CXO) produces its first spodumene concentrate from its Finniss lithium project in the Northern Territory
  • Further, the company has locked in a sales agreement for additional Finniss spodumene with long-term customer Sichuan Yaha
  • As part of the new deal, Yahua will now buy 18,500 tonnes of spodumene concentrate, with the first payment — for 80 per cent of the spodumene — scheduled for April
  • This purchase is in addition to the original agreement between Core and Yahua for the sale of 300,000 tonnes
  • CXO shares are down 3.48 per cent and trading at 76 cents at 2:52 pm AEDT
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