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nippy

14,558 Posts.

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30/09/24

09:20

Post #: 75898714
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Originally posted by 1ronnie: ↑

...oddly, one would have thought that the first shipment of its ore ought to be heading for the USA with LG in particular or Tesla or Ford. But no, it is going to CHINA!!

...and no mention of offtakes to LG/Tesla/Ford- have they been deferred?

...remember LTR hodlers pride themselves as being the company that sells to the USA.

First shipment of concentrate achieved Liontown Resources Limited (ASX: LTR)

(Liontown or the Company) announces the successful loading and dispatch of its inaugural shipment of spodumene concentrate from its flagship Kathleen Valley operation. The first shipment, enroute to China for an existing offtake customer, comprises concentrate with a grade that complies with our product specifications and contractual commitments. 1,4 This first shipment is a pivotal milestone for the Company as a lithium producer and marks the beginning of generating revenue from the Kathleen Valley operations. The Company continues to progress ramp-up milestones at Kathleen Valley, having produced >28,000 WMT of concentrate at a weighted average grade of 5.2% since announcing first production

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Are not those companies doing joint ventures in China - especially for battery production?

The potential banning of China made cars on security grounds an interesting spanner in the works...

Last edited by nippy: 30/09/24
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0 Great analysis

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