Galaxy Resources Limited (ASX:GXY) Launches EV Grade Lithium Carbonate
Perth, Sep 8, 2010 AEST (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (
ASX:GXY) (PINK:GALXF), is pleased to advise that the Company has launched two high grade lithium carbonate products tailored specifically for lithium batteries to be used in the production of electric vehicles (EVs). These new categories will be branded 'EV Grade' (99.9% lithium carbonate) and 'EV Plus Grade' (99.99% lithium carbonate) representing a key niche product offering for the electric vehicle market.
Galaxy Resources Managing Director, Mr Iggy Tan, said the Company has modified its Jiangsu Lithium Carbonate Plant process design to allow for the full production capacity of 17,000 tonnes per annum of 'EV Grade' lithium carbonate. In addition, the plant will also have capacity to produce a limited amount of the higher purity 'EV Plus Grade'.
"Battery Grade (99.5% lithium carbonate) is currently the standard grade for battery applications, but there is limited production capacity amongst the world's major lithium carbonate producers," Mr Tan said.
"Production of 'EV Grade' and 'EV Plus Grade' lithium carbonate is minimal and restricted to small niche batch refiners supplying the cathode and electrolyte segment of the battery industry. Galaxy believes the electric vehicle industry will demand higher quality cathodes for battery production. We are already seeing the need for battery makers to supply smaller batteries with higher power and energy densities. This trend will increase as the demand for EV's pick up.
"Galaxy is positioning itself to be a world leader and meet this future demand growth by building a plant that has the capacity to consistently produce these high purity lithium carbonate products," he said.
Jiangsu Lithium Carbonate Plant
The previous process design enabled the Company to comfortably produce commercial quantities of 'Battery Grade'. However, the Company has taken the opportunity to modify the process plant by incorporating an additional bicarbonate purification step to enable production of 'EV Grade' and 'EV Plus Grade' lithium carbonate.
The bicarbonate purification process is conventional and is already adopted by smaller batch refiners in the industry. The process involves the re-dissolution of lithium carbonate with carbon dioxide to form soluble lithium bicarbonate. The re-crystallisation of high purity lithium carbonate is affected through heating. By adopting this process the quality of the lithium carbonate can be dramatically improved.
Mr Tan said that Galaxy will be one of the first in the world to produce 'EV Grade' in large volumes and is set to capitalise on the increased prices for the higher grade product. Currently, 'EV Grade' and 'EV Plus Grade' attracts a premium price in the region of US$3,000/t and US$10,000/t respectively over the standard 'Battery Grade'.
Testwork Program
The following table is Galaxy's proposed 'EV Grade' product capability (produced by laboratory pilot work) compared with the highest quality lithium carbonate commercially available from major suppliers around the world. The impurity elements highlighted in the table below are important considerations for a cathode and battery producer, as they impact final battery performance and stability.
Cathode and Battery Testwork
The full benefit of the Company's 'EV Grade' lithium carbonate in cathode material and its subsequent performance in lithium batteries were further tested by the University of Wollongong.
Galaxy's products, together with the other competitor products were used to produce various Lithium Iron Phosphate (LFP) cathode materials by conventional solid-state reaction process. LFP cathode is a popular cathode type used in lithium ion batteries today. Various electrochemical performance tests were subsequently conducted on these cathode materials to assess the most effective battery grade lithium carbonate product. These tests include first charge capacity; open circuit voltage; specific energy, and short circuit current, which relates to how well the cathode performs in a battery.
The following graphics demonstrate the superior characteristics of Galaxy's EV Grade product in coin cell performance.
1. All competitor samples are obtained from the Chinese market and may not represent the full capabilty of each producer.
2. All samples are analysed by Wollongong University (Australia) on a comparable basis and method.
Battery Discharge (Coin Cell) Performance Tests
The following tests conducted by Wollongong University, measures the amount of fade in the cycle life capacity of the coin cells after a series of charge and discharge cycles. Coin cells with little fade, holding its charge after many cycles are favoured as an ideal lithium cathode material. The tests shows that there is practically no fade in the cycle life capacity using Galaxy's EV Grade lithium carbonate compared with other competitor battery grade lithium carbonate samples.
Interestingly, the Wollongong test work also identified that hard rock based lithium carbonate outperformed the brine based lithium carbonate in battery cycle life capacity test work. This supports anecdotal views in the Chinese lithium battery industry about the advantages and preference of hard rock based lithium carbonate.
In summary, the Galaxy 'EV Grade' lithium carbonate electrochemical characteristics, in most tests, outperformed all other competitors' battery grade lithium carbonate. In addition, based on the Wollongong University comparative test work, hard rock based lithium carbonate seems to perform better in battery cycle performance compared with brine based lithium carbonate.
Mr Tan said the results, produced under laboratory conditions indicated Galaxy's capacity to produce high product purity with the potential for further quality improvements once the large scale, highly automated process was applied.
"With this plant modification, Galaxy can guarantee its customers consistent supply of a high purity product on a long term basis," he said.
"The process change is effectively a 'bolt on' addition to the back of the plant and involves adding some simple supplementary vessels, equipment and pipework, none of which is expected to result in significant changes to capital or operating costs."
Galaxy's EPCM contractor at Jiangsu, Hatch, is still to receive some outstanding tenders ahead of finalising the construction budget and completion schedule. All of the critical path equipment supply and contracts have already been implemented.
The Company expects to announce the final construction budget and plan in early October 2010.
for the complete Galaxy Resources announcement including pictures, please refer to the following link below:
http://www.abnnewswire.net/media/en/docs/63679-ASX-GXY-504356.pdf
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
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