Plenty of non integrated smaller convertors with no security of supply. They will have to use the low quality Spod/Leshitolite/African DSO to stay open. The bigger Chinese convertors want ESG compliant raw material sources. They can see the writing on the wall. The Lithium market will have Tiers. Leshitolite and co will supply the grease grade market.
Ann: Pilbara Minerals Signs Offtake Agreement with Yahua, page-36
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