CE recently announced he is considering additional conversion capacity, independent of ALB. Though, Wodgina has 3 250kt trains, so I guess they can ramp all or ramp some to keep market in balance, thus maintaining higher prices. ALB own 60% of Wodgina, and in charge of marketing.
To date, they have all been quite disciplined, though, there is 220kt of LCE units due to come on line in China this year. That capacity would consume ~1.34 mill tonnes of spod, and yes, Wodgina and Greenbushes could step in with spare capacity while they get their own conversion capacity ramped, or do they leave it in the ground, waiting patiently for a $7k margin instead of $400 margin from spod, which is a better strategy in the long run. just sayin
Good News & Bad News, page-511
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