Looking down the track and with the battery supply chain in mind it would strongly appear that LCE product is going to become quite valuable (good for PLS !)
On the assumption that the demand side will be as strong as the bullish case presents, and with the foreseen conversion bottleneck and with this tweet from Simon Moores, producing the LCE to make the component parts and then through to the hungry battery plants will become critical.
The PLS downsteam JV with Posco could be quite crucial to us, in addition to being highly profitable.
Who would want to have raw product available but be caught out because further down the chain there are bottlenecks ?
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