PMT might use SYA to fulfill the VW contract, they can buy SYA for less than what the cappex would be.
PLS - the more assets they own, the more market share they have, the more negotiating power they have in pricing contracts. Can also choose to put one operation in care and maintenance if it means there margins will be better on another project (limit supply into the market)
RIO - yes, they have already invested, but you know what they say, go hard or go home. It's a counter cyclical move and they would be paying less than replacement costs.
BHP - doesn't have any exposure to lithium yet. They sold out of oil & coal, so by default must believe in the future of Lithium.
The lithium market still sucks, however we have to give them credit for getting the mine and plant running a lot better. When the price eventually lifts, we'll be making positive cash flow straight away.
SYA Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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