It will take 3 years for the US & Europe's convertors to come on line & produce in full capacity.
China is currently dominate the Lithium & EV battery production. Is it > 80%
It is a very good news as Ganfeng is current customer & one of the major lithium converter.
Ganfeng has current supply agreements with Tesla, BMW & VW which means PLS Spod concentrate will be approved as raw material for any future convertors. It is indeed fantastic news.
Ann: Pilbara Minerals Expands Ganfeng Offtake Agreement, page-95
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