We say reliance on China but the reality actually is that China are reliant on PLS.
Where is most of the Lithium processed, both now and for the foreseeable (immediate future)? It's China.
We are producing incredible cash flows purely because of this fact. So this "reliance" is not a negative, it's the reason we're making a motza.
But yes of course, over time as per POSCO JV and Calix it makes to diversify, but the fact is that China will always need Lithium and we should not shun away from supplying it to them.
Good News & Bad News, page-28696
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