Ah FY25, fair point.
Anyways, US$9k/tone seems a bit of the lower end, but I don't know, not an expert here. Came across 11-20k prices somewhere. Maybe these numbers are wrong. What we must remember is that Novonix will produce premium anode/cathode materials. Better quality than what China offers and what is available on the market at the moment. That's why I would expect extra value per tone.
Also, we will see how the cathode business will progress over time!
Novonix - $300M+ Revenue by 2025, page-6
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