Good quality spod is needed now for LiOH low in impurities.
The last year we have seen Carbonate take poll position because of the production of lfp batteries mainly for bubble cars made in China.
This year it will be LiOH in focus.
The European and U.S. customers will favor cars with more grunt which need LiOH.
Producing LiOH from spod is cheaper than from Carbonate.
SYA'S Spod has been tested and is fit for purpose for LiOH production.
Not all spod would pass.
Short term SYA is sitting pretty, as it will be or is already in production.
The rise in Sigma shareprice is due to Tesla wanting to secure good quality spod for this purpose.
I always had Tesla taking a stake in Sonora with Ganfeng as Tesla gained their own private laneway at the Mexican border, however, it looks like the Mexican Government might have a different strategy.
Tesla may also be looking at SYA instead of Sigma.
Tesla are looking at a number of options.
https://www.mining.com/web/mexico-president-orders-ministry-to-step-up-lithium-nationalization/
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