A few more deals like this one, will put pressure on China. Australia’s miners will be in a strong bargaining position and CXO is ready to roll.
“Under the agreement, Pilbara will supply 315,000 tonnes a year of chemical grade spodumene concentrate, the mineral that lithium is extracted from, to the facility. The company added that the larger supply agreement would not impact supply to other customers.”
I cannot see how a deal like this would not impact on other customers, at the very least it would have a psychological effect.
https://www.reuters.com/business/energy/pilbara-minerals-finalises-deal-with-posco-skorea-lithium-facility-2021-10-26/
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