I think it is worth noting the path that two of our peers have followed in pivoting into downstream processing.
IGO ((mc $AUD10.6 billion) have partnered with Tianqi (mc $24.02 billion) to build a lithium hydroxide refinery in Kwinana Western Australia.
PLS (mc $AUD13.4 billion have partnered with POSCO (mc $AUD33.71 billion) to build a lithium hydroxide refinery in South Korea.
It is going to take a whole lot more cash than what SYA and PLL can lay their hands on in the near future for them to be able to do what their peers have done, (I use the term peers, loosely).
Having said that, I am sure their is a giant lurking in the shadows that would love to be our Tianqi or POSCO.
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