This announcement makes me realise that the market, either in AU or around the world, is going to have more cooperation rather than competition.
I think that's a good sign.
My Korean friend works for L&F, a material supplier for LG chem in South Korea.
His company's SP has increased at least 10x over 5-6years, but more importantly, other companies in the industry also had similar SP increase.
His analysis is that, the demand of battery and material market is much more greater than the supply, which means any company like NVX, as long as they have money to scale, have a role to play.
Ann: LKE: LAKE LITHIUM TO BE TESTED IN BATTERIES BY NOVONIX, page-14
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