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Galaxy Resources Limited

Creating a sustainable, large scale, global lithium chemicals business to power the future

Galaxy Resources Limited is an ASX-listed company with a diversified portfolio of world-class lithium assets. As an established producer with experienced management and a robust balance sheet, the Company is well positioned to leverage these assets to fuel an electrical revolution in power generation, energy storage and transportation

ASX Code
GXY

Sector
Materials

Website
https://gxy.com/#

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GXY – Citi rates the stock as Buy

Galaxy Resources has made a strategic equity investment of $22.5m in Alliance Mineral ((A40)). This takes its holding to 12%. Alliance Mineral is currently ramping up the Bald Hill lithium project in Western Australia and has guided to production of 240,000t of spodumene concentrate in FY20.

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