Why hasn’t AMN, RWD or KLL bothered with MOP conversion? It isn’t lack of excess sulphate. Is it to do with size of their resource and the better economics from using native brine? APC has a small project that can be significantly increased in size by the addition of MOP. The MOP increases the operating cost and the overall profit but it isn’t as profitable as using native brine.
My simple analysis ignores the capital cost of the MOP converter v the capital cost to harvest and process additional native brine.
The scope 3 emissions and the process of shipping raw materials half way around the world is wrong imo. Remember APC SOP will be made in Australia from imported raw materials.
APC Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
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