Yes SYA is making more money shipping spod to PLL because of shipping cost...
That happens in two ways, shipping to their OTA partners and SYA/PPL through combined loads for Spot sales.... PLL also sells into the spot market .
Tesla's refinery is still being built and LG Chem hasn't got any refineries in NA, I'm not sure what proportion their OTA partners take at this stage but they would have to on sell or store at this stage.
The shipments being pushed more into Q4 this FY is about being able to get the benefits of the hedging strategy.
Ccheers Whisky
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