ALB/ Tianqi greenbushes are stockpiling atm not selling.
Ganfeng's last report gives you an idea on Lepidolite as they own a mine there, they are quite prepared to shut it down if not profitable which they are very open about.
I wouldn't panic about C&M.
It might be the way to go.
J.B. has had over 30 meetings since been made Interim CEO.
As he said he wasn't going to say with whom.
VW, Northvolt Nano One all inter related have comitted to Canada and all close to NAL.
All suported by Canadian Gov and part of the Quebec ecosystem as is SYA
All have said they will use local mineral supply.
Carbonate would be a big bonus for lfp, solid state batteries and Li foil.
The Carbonate plant can be refurbished, over C&M time with J/V support.
Meantime Moblan a J/V with Investment Quebec, can be preparing for production which is not part of the PLL arrangementl at a lower cost than atm.
No more spod to PLL.
I am sure K.P. is aware that talks are eminent to discuss future strategies.and arangements.
He may come up with a deal with his offtake partners Tesla and L.G.
After the AGM 3 of us exchanged our views, we all talked with various board members separately and sometimes together before and after the official meeting.
GXY and PLS costs are high so I don't agree with you there.
I did ask J.B. if he thought China Inc was behind the price rout.
His reply was that the Chinese spot price included many grades of ore averaged out.
IMO so many Li miners followed PLS into auction price not longterm offtake agreements and now are suffering.
JB did say he was going for longterm offtake agreements.
This rout,IMO ,will be shorter than the last when 1 million EV'S were being sold and Australia became a major producer over night producing far more Li than needed.
The tide has turned re EV adoption.
The growth in 2022 in EV sales was phenomenal and a surprise.
This caused a massive unsustainable spike in Li prices.
The slowup in 2023 is in growth rate of EV'S sold versus last year not growth over last year.
So many new mskes came on the market at the same time all gearing up capacity to take market share.
You can't sell it if it isn't made.
People have choice.
Winners and losers in the Auto industry, nothing new about that.
Some will stay in the sales yard longer.
Vw, Audi, Tesla are all there in the top 10 EV'S sold in the world, SYA'S potential customers once they have built their plants in Quebec.
KP may come up with an option with Tesla, it will need to include a better deal with SYA to avoid C&M meaning no more spod for PLL.
SYA Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
(20min delay)