Galaxy to Produce Lithium Batteries for China

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ABC News reports that Galaxy Resources (ASX:GXY) has signed a deal with one of the world’s largest battery manufacturers to develop electric bike batteries.

ABC News reports that Galaxy Resources (ASX:GXY) has signed a deal with one of the world’s largest battery manufacturers to develop electric bike batteries.

The market news is quoted as saying:

The agreement will see Galaxy, which has a lithium mine in Ravensthorpe, use American company K2 Energy’s technology to create a lithium battery plant in China.

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