Banter and general comments, page-6368

When Core gets itself established as a producer, its next two goals are expanding the lithium resource and increasing processing capacity beyond circa 190ktpa. Given the likely lead times before any Hydroxide is produced, some other mineral mines (gold?) may also be developed ahead of Hydroxide, so hydroxide is not the next cab off the rank following entering production this year. Core has noted it as Stage 3 (not 2).

@EV100 has noted the conversion process between Lithium Hydroxide and carbonate is fairly simple. This would explain why the prices of Carbonate and Hydroxide have remained close over the last five years.


Also, over the last five years the Hydroxide price is more stable than Carbonate which is a desirable investment characteristic (unless you are a trader). Hydroxide didn't rise as much between Nov16 and May18. It didn't fall as much between May18 and Aug20. Hydroxide hasn't risen as quickly as Carbonate this year. If earnings are more stable, they typically attract a higher EBITDA multiple so if the profitability from both is broadly similar (It may not be), a higher share price may well eventuate from Hydroxide.