Ann: Updated Mineral Resource Estimates for Helikon 1 and Rubicon, page-53

@Aggedor have to distinguish between whether it is supply or demand affected by the shutdowns.

From what I understand, the battery grade hydroxide that we are most interested in, which is used in the high nickel batteries, is consumed in Japan and Korea. China is a supplier, not a consumer.

The Japanese and Korean battery manufacturers are working, but if the Chinese producers aren't, hydroxide prices will rise.

Different story for carbonate, where domestic demand in China is a much bigger driver.

We may see a blow out in the hydroxide to carbonate premium.

Cheers