Argosy secures lithium carbonate sale to Hong Kong company [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
quality lithium carbonate produced from its Rincon lithium project in Salta Province, Argentina. The contract specifies a fixed price referenced from the Shanghai Metals Market (SMM) battery grade lithium carbonate price, with free on board (FOB) delivery terms at Buenos Aires port. Payment terms require a 30% deposit with the remaining 70%, due prior to ship loading. Argosy will handle the cargo preparation and packaging for delivery. Argosy Minerals stated that there are no material conditions to be satisfied before proceeding with the spot sales contract, indicating a smooth transaction process. Argosy managing director Jerko Zuvela stated: “We were pleased to receive such strong interest for the sale of our battery quality lithium carbonate product. With our positive project fundamentals, we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant development milestones achieved to date at our Rincon lithium project. “We are delighted to be
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