New Lithium Related Article, page-1339

This article hurts GXY given its flagship asset is brine and it has pipsqueak hard rock assets:

Albemarle expedites Australian projects over Chile

Key points:

• Albemarle accelerating its Australian hard rock projects whilst slowing down its Chilean brine expansion projects.
• Battery manufacturers' rising demand for lithium hydroxide rather than the traditional industry benchmark product, lithium carbonate, has meant that lithium from hard rock is increasingly viewed as the cheapest producer of lithium hydroxide, reversing the traditional industry dynamic which has ensured the lowest cost producers are those in Chile and Argentina who turn briny water into lithium carbonate.
• The trend toward lithium hydroxide has forced brine producers to add an extra processing stage to turn their carbonate into hydroxide, and that extra stage has in most cases erased the South Americans' advantage on production costs.