With ALB out it will be interesting to see if Arcadium step in...

With ALB out it will be interesting to see if Arcadium step in here in some capacity.

They have experience permitting with Nemaska and James Bay, something that all others generally struggle with in Canada, and there might be operational synergies.

To speculate, they are probably the only real possibility for a meaningful partnership or takeover, as SQM likely has its hands full with Australian projects, and no other non-Chinese company has the know how to make lithium chemicals on a commercial scale.

Allkem had some trouble with getting approval for their haul roads at their James Bay project, they may not want to touch WR1 with offsite concentrator if it does acquire Renard.