According to Bell Potter model
2025 projection
PLS produce 746,000 tons SC6 at annual expense of $678mil (A$909/ton or US$618/ton @68c )
LTR produce 325,000 tons SC6 at annual expense of $540mil (A$1661/ton or US$1129/ton @68c)
PLS sells to China
LTR sells to US
Cost competitiveness is all important according to Ganfeng. Lowest cost producer will thrive going forwards.
