Preliminary terms of lithium supply agreement between Argosy Minerals and Mitsubishi supply 2000 tons of lithium carbonate per year

Published: Aug 26, 2019 10:35

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Lithium miner Argosy Minerals Ltd. Said on Friday that it had worked with Mitsubishi (Mitsubishi Corp.) of Japan Its subsidiaries signed a preliminary agreement on the supply of lithium carbonate for a period of three years, which can be extended for another two years. Under the agreement, Argosy provides Mitsubishi with 2000 tons of lithium carbonate each year, which comes from the company's flagship project in Argentina, Rincon.

SMM8 26th news: lithium miner Argosy Minerals Ltd. Said on Friday that it had worked with Mitsubishi (Mitsubishi Corp.) of Japan Its subsidiaries signed a preliminary agreement on the supply of lithium carbonate for a period of three years, which can be extended for another two years.

Under the agreement, Argosy provides Mitsubishi with 2000 tons of lithium carbonate each year, which comes from the company's flagship project in Argentina, Rincon.

As commercial terms are finalised, the two companies will continue negotiations to reach a detailed final supply contract.

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