Emerging lithium producer Galaxy Resources has signed an offtake agreement with Mitsubishi for a significant proportion of its battery grade lithium carbonate production, starting this year. The agreement involves long term offtake sales and distribution of Galaxy’s product to the Japanese market. This follows closely on Toyota’s agreement with Australian-based Orocobre to a 25% stake in the Salar de Olaroz project in Argentina with Orocobre operating the venture and holding the remaining 75%. (more…)