I guess this why there will be Lithium deficits for some time to come.
The BEOT pencil in 100% production and perfect recoveries from day 1.
But the reality on the ground is quite different - with mines needing time to ramp up and improve recoveries.
Every start up lithium mine makes less than expected and costs more than expected.
But CXO are now a profitable business and profits will grow over time as they ramp up and improve their plant.
I guess this why there will be Lithium deficits for some time to...
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