No chance mate. Larger operations are already eating AGY's lunch. LAAC (Lithium Argentina) are already producing at 85% of nameplate, with guidance of 35 ktpa per year in 2025, after already beating their 2024 guidance (25ktpa). Their OPEX is ~$6,500 per tonne (tech grade), with an additional $1,500 per tonne for extra processing to remove impurities and achieve battery grade. So ~$8k per tonne overall, and they achieved profitability (albeit small) in Q3 2024.
With these types of rapidly expanding and profitable projects, compared to a current OPEX rate around $18k per tonne here, it leaves AGY with some of the least appealing project economics in the market.
AGY Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
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