The Yibin approval at end of the month is a major step forward and will break the 10c barrier,
Yibin planned expansion in China will be on a scale similar to Ganfeng.
Precise reason the market is waking up as CATL will be the buyer of the lithium hydroxide produced by Yibin.
page 27 of report
http://www.ganfenglithium.com/Public/userfiles/files/GFL - Investor Presentation Oct 2019.pdf
With todays announcement a hydroxide plant in Manono run and built by Yibin is a possibility thus reducing transport costs.
Once the hydro power station is refurbished.
DRC government want a lithium industry and willing to financially support it.
ALL IMO
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