yes there are main differences between the two companies.
Agy claims to be capable of producing battery grade lithium carbonate from a low grade and high impurity brine resource and has failed to prove its ability to do so economically. Gln has one of the best brine resources globally and wants to start as a concentrate producers due to the technical challenges of BG carbonate production. I do think that this strategy is lower risk than agys one...but time will tell if I am right here....
the government of catarmarca is supporting gln to establish a carbonate production facility at a later stage and in a non high altitude location. Again less risky imo....
environmental issues are linked to the central area of the hombre muerto salar where the los patos river is located. The issues are probably affecting Rio Tintos planned expansions. Glns project is on the western edge of the salar and thus not affected by water issues. On top of that, glns fresh water consumption is considerably less than Arcadium/Rio Tintos fenix project due to the chloride production strategy.
gln is about to close a deal with Chemphys, a reputable Chinese lithium chemicals producer....
AGY Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
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