Of course it's a reasonable comparison, as it's the only other ASX listed brine producer, and only one of two (soon to be one) currently operating in Argentina. AKE have contracts for tech grade because they have to sell what they are capable of producing. Are you seriously suggesting that AKE would rather produce a greater proportion of lower value product? Why on earth would they do this when BG lithium is in such high demand? You and I both know that it is out of necessity, not choice...
Additionally, AKE's down-stream processing in Japan (Naraha) was added at a later stage, after realising just how difficult production of battery grade was. It was a way of increasing value capture of the technical grade, by conducting in house conversion to Lithium Hydroxide. It remains a smart play for anyone producing tech grade, and has also been seen by other major players.
AGY Price at posting:
44.8¢ Sentiment: Buy Disclosure: Held
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