Argosy Minerals Secures Spot Sales Contract for High-Grade Lithium Carbonate

June 30, 2025 10:25 AM AEST | By Team Kalkine Media

Argosy Minerals Secures Spot Sales Contract for High-Grade Lithium Carbonate — Image source: Shutterstock

Details of the Agreement

Under the terms of the deal, Argosy will deliver 60 tonnes of battery-grade lithium carbonate, with a purity of 99.5%. The pricing is fixed based on recent benchmarks from the Shanghai Metals Market, where the lithium carbonate range as of 26 June is quoted between US$7,385.4 and US$7,533.11 per tonne—approximately AUD 11,490.

The delivery will be executed on a Free on Board (FOB) basis from the Buenos Aires port. Payment terms include a 30% upfront deposit with the remaining 70% due before shipment loading. Argosy will manage the preparation and packaging of the cargo for port delivery.

Strategic Value of Rincon

The Rincon Lithium Project is situated in the Salta Province, encompassing 2,794 hectares of lithium-rich territory. The current operation is focused on producing 2,000 tonnes per annum of battery-quality lithium carbonate equivalent, with significant expansion plans underway to scale up to 12,000 tonnes per annum. These steps aim to strengthen Argosy’s position in the global lithium supply chain.

The company's Managing Director, Jerko Zuvela, noted the strong interest in Argosy's high-specification lithium product and emphasized the strategic value of ongoing milestones at Rincon. He highlighted the company’s advantageous positioning to benefit from the anticipated revival in electric vehicle and lithium markets.

Market Position and Outlook

With a market capitalization of approximately AUD 21.83 million, Argosy (AGY) continues to build momentum through tactical agreements and operational execution. The spot sales contract reflects growing commercial confidence in the quality and reliability of the Rincon output. As the company pushes toward higher production capacities, the Rincon Project remains central to its long-term growth strategy.

This development aligns with broader market expectations for lithium demand, driven by the global transition to cleaner energy and increased EV adoption. Argosy’s advancements at Rincon could play a key role in meeting that demand.

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