“The plant which made it has been abandoned. It doesn't work and even if it did, it would cost more to operate than the product it made could be sold for. Even in best case scenario, if AGY ever gets a commercial operation happening, it will be a different plant..”
More lies to push your “failure” and “abandoned” narrative, directly contradicting clear company statements:
“The Company determined the rectification works that were being conducted to advance the ramp-up phase of continuous operations and progressing production operations may not achieve economic viability in the short term, and whilst lithium markets remain subdued, elected to preserve capital and not invest such funds into the operation.
The Company will maintain and preserve the 2,000pa facility during this period.
With ongoing interest from third-party battery industry participant groups for future LCE product off-take, the Company will retain optionality to resume operations (including completing rectification works) if a sustained increase in lithium prices and appropriate operational conditions are realised - thus maintaining its strategic advantage of having a lithium operations facility.”
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