Thank you Scarpa for the relevant response!
As you say it is up to those like LTR to navigate these ‘short term blips’ until the strategy fails.
From the Chevron site yesterday clear belief in lithium future is evident;
17 June 2025; https://www.chevron.com/newsroom/2025/q2/charging-ahead-chevron-evaluates-lithium-potential
And Rio’s billions of dollars invested into first buying Arcadium
https://www.reuters.com/markets/dea...ums-lithium-extraction-technology-2024-10-10/
and then throwing more money at that project and process
….. - and then partnering with Codelco in another $1.5b deal indicates much faith in lithium future (the above link from Reuters expects DLE to develop onto a $10b per annum industry whilst this one https://www.channelnewsasia.com/bus...nproven-tech-and-lithium-price-bounce-5145146, notes Codelco’s tie up with SQM and a Benchmark Minerals analyst noting these times of ‘short term blip’ can present problems even for the cash heavy ‘mighty’
..”Codelco, meanwhile, is set to soon close a deal to partner with Chile's SQM at the Atacama salt flat.
Benchmark Minerals analyst Federico Gay noted that Rio and Codelco will have to carefully prioritize. "Too many fronts (are) open for both companies, in a moment when justifying large investments for lithium is challenging."
It seems to me that LTR has already been employing ‘navigational aids’ in publicising its’ search for new ‘opportunities’.
I’m very curious to see what the next step is.
Thanks again Scarpa.
cheers
(20min delay)