Well wonder no more. PLS have a better handle on the situation for future Lithium supply than us mere plebs and apparently they take Battery Minerals Intelligence projections of supply with a grain of salt also. This from BMI in 2022.
JIANGXI SPECIAL ELECTRIC MOTOR ANNOUNCES RMB 2BN INVESTMENT IN LITHIUM MINING AND PROCESSING – BENCHMARK LITHIUM12th April 2022+ In early April 2022, Chinese lithium company, Jiangxi Special Electric Motor (Jiangte), announced plans to invest RMB 2bn ($314.1m) to build a 3 million tpa capacity lepidolite ore processing and 20,000 tpa capacity lithium chemicals project in Yifeng County, Yichun, Jiangxi Province, expected to be constructed over 2 years + Jiangte currently holds two […]
Well apparently, ON THE GRAPEVINE, the plans for the above Leshitolite mine have been shelved and the targeted 30kt of LCE are now, no more. Just one of many poor quality projects around the globe that won't see the light of day unless the Lithium price rises significantly and stays there.
I await with bated breath to see if BMI puts a big red line through that 30k LCE supply figure, along with all the other high cost curve wannabe projects.
Well wonder no more. PLS have a better handle on the situation...
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