Does anyone know what happened to the multiyear contracts for Nemaska’s lithium seeing as that company has folded ? (largest contracts were with LG Chem, Northvolt and John Matthey) ?
The reason for the question is that, if they are voided, it might put Altura product in even greater demand.
There was a note put out out by Nemaska yesterday the sale/recapitalisation process is expected to take until August to complete.https://www.nemaskalithium.com/en/i...es/2020/ffb7efca-0e0e-42d9-81a2-96557faf0ae9/
...By then prices may well be on the upswing, and LG Chem in particular (because it processes on Asia) might be seeking another supplier able to implement increased production relatively quickly?
...Another thing that keeps the hope fires burning are the tweets of Alex Cheeseman;
https://twitter.com/ACheesey
Worth a click if you have not been there ...
He seems totally chilled, and it doesn’t seem logical (to me) for him to be looking as relaxed and happy as he was on Australia Day unless he was feeling confident of a good refinancing outcome..
Fingers crossed
Cheers
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