Altura delivers another record cargo with Chinese shipment

Image: Altura Mining.

Altura Mining has set a record 24,500 wet metric tonnes of lithium concentrate for offtake partner Ganfeng Lithium in China.

The cargo consisted of around 6 per cent lithium concentrate and departed Port Hedland last week for Zhenjiang, near Shanghai.

Altura, which loaded its latest cargo on vessel Clipper Kamashio, has now shipped a total of around 170,000 tonnes of lithium concentrate since commencing production at the Pilgangoora mine in Western Australia in July 2018.

Company managing director James Brown said the latest record shipment demonstrated the strength of long-term partner relationships and their commitment to maintain a regular supply of quality concentrate.

“Our concentrate, which exhibits all of the key attributes preferred by converters, has enabled us to continue to secure consistent sales despite the soft market conditions,” Brown said.

“We have offtake commitments in place for our entire production capacity of 220,000 tonnes, we continue to produce at close to nameplate production rates and our cost structure places Altura at the lower end of hard rock producers.”

The record cargo beat Altura’s previous record of around 17,500 wet metric tonnes of spodumene concentrate in November last year.

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