Ideally for Tianqi they wouldn't need to sell off any assets to raise cash.
Slowing spend on Kwinana is a start, but it may come to a point where they need to determine which assets they need to sell at a loss to survive.
While China may be ramping back up from Covid, the growth in EV sales globally that was being anticipated is likely to be severely impacted with Automakers shutting down production and even battery cell maker Panasonic going offline at Tesla's Gigafactory 1.
Many were relying on the continued trend of growth in the European EV market to create Li chemical demand. This is a big unknown right now.
When the major integrated producers are struggling, one obviously has to be concerned about the marginal independents and logically their providers of precursors for Li Chem production.
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