Chinese EV sales were low 2 weeks ago mainly due to a holiday and when many Chinese take the week off from reading.
This could of impacted sentiment along with Company reporting from Tianqi etc.
In ref to the refining side
Australia has a bad history. China can get a refinery up and running in 2 years.
There is alot of expertise in Quebec.
JB did say at the AGM they were looking for an established battery maker as a partner.
LG hasn't refined as yet.
The missing link is Ganfeng to refine the spod.
Both L.G Energy and J.B. would have accumulated working knowledge over the last 10 years on refining being on each side of the supply chain.
Just as Ganfeng are now a refiner, miner and batterymaker.
I don't see getting the carbonate plant or another refinery up and running an issue.
Refining is the weak link in the supply chain in Nth America.
Being a supplier of spod to China from Nth America for Li Batteries made in America isn't what the U.S. or Canadian Government want or me.
LG Energy
Power Co
Northvolt
Panasonic
Tesla
are the most likely partners or a combo for refining at NAL IMO.
SYA Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
(20min delay)