AT A GLANCE: Altura lithium concentrate sales up 23% q-o-q in June

A summary of Australian lithium-spodumene producer Altura’s operational results for the second quarter of 2020, released by the company on Monday June 29.

In brief
  • The company achieved record total sales and shipments of 58,208 dry metric tonnes (dmt) of lithium concentrate in the second quarter of 2020, up around 23% from the previous quarter and the best quarterly sales result since the company started operations in March 2019, it said.
  • A shipment of 11,500 wet metric tonnes (wmt) of lithium concentrate is due to take place in early July, Altura said.
  • Second-quarter production is on schedule to total approximately 45,000 wmt of lithium concentrate, up by around 6% from the previous quarterly update at the end of March.
  • “We are further buoyed by the fact that while unable to travel and conduct business in person, we've been able to not only maintain relationships with our customers but also progress and formalize new business arrangements,” Altura managing director James Brown said.
Key operational figures for Q2 2020 (quarter-on-quarter percentage change)

Total lithium concentrate sales
58,208 dmt, up 23%

Total lithium concentrate production
45,000 wmt, up 6%

Dalila Ouerghi

dalila.ouerghi@fastmarkets.com

Published

Dalila Ouerghi

June 29, 2020

17:08 GMT

London