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20/09/19
23:05
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Originally posted by 7seven7:
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Would be good to see more information around this and why they can't produce a higher percentage of the battery grade carbonate "Meanwhile, despite Baojiang has successfully revised the pricing of the off-take contract from the fixed-scheme to the floating-scheme, it still operated at losses during first half of 2019, due to the low price of industry-grade carbonate while the higher price, profitable battery-grade product was still not in mass production." Good to know though that the battery grade product is profitable for them, even at the higher spod input prices they've paid this year compared to other converters. Nothing on way forward in the announcement which is odd.
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What do you mean nothing on the way forward? The whole thing is about way forward: Insolvency, winding up company court case. I don't know how you missed the main point. Odd