It would have made better sense for GXY & Talison to share a West Australian based carbonate plant thereby defraying costs, And the production of high valued e- car batteries & having free trade access to the North American market via our free trade agreement would have also added value to GXY. This would have limited GXY's exposure to the upcomming trade war between the USA & China
This could have also positioned Bunbury as the world centre for hard rock Li batteries. Our government, unlike that of China is asleep and has failed to recognise the potential for adding value & Aussie labour to our raw materials.
GXY has limited its future potential by processing in China and then aiming for the cheaper e-bike battery market rather than the higher valued western e-car battery market.
Cheers moorookamack
GXY Price at posting:
20.5¢ Sentiment: None Disclosure: Held