fundamentals are everything now, page-2

Hi Moorookamick,

I notice your reference to "super grade" "99.99%" high-purity carbonate.

Apart from battery grade carbonate which is defined as >99.5%, the actual LiCO2 purity for "high purity" grade is specified by the individual battery producer and varies between each, although it is normally >99.9%.

This higher grade product is generally required by battery producers for major electric-only vehicles. While this carbonate is sold at at premium price the demand is simply not there due to lacklustre sales of full EVs. We all know about the known problems of km range, recharging time and high vehicle sale price (look no further than the Nissan Leaf, Mitsubishi MiEV, etc).

The last thing GXY should do now is go down the path of investing time and money into producing a super duper grade 99.99% product when there is no sign potential customers are prepared to pay GXY the premium. It would also involve stopping and modifying the plant to create extra filtration stage (does anyone really want to stop the plant again??).


GXY should continue to focus on producing high volume of consistent >99.5% battery grade LiCO2 at the lowest cost, to meet the requirements of the known battery cathode manufacturers (the real customer base). This provides guaranteed income.

MV