Just to add one more thing here.
Battery passport is coming. First implemented by VW and many others, leading car makers are to follow.
Have a look at a price trend of VUL with super high ESG rating.
People are talking a lot about oversupply but it'll be a lot harder for battery makers like CATL to find the right Lithium with high ESG ratings.
Millions of tons found in non-ESG continents, could gradually end up in trash if Gov. import regulations are getting tighter.
Car buyers will first look at Battery Passport level for comparison.
This is where LPM is coming from. Clean zone, high quality jurisdictions, ESG can't be of any issue.
Ann: Noosa Mining Conference presentation, page-44
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