I wouldn't be surprised if this will be the Talga business model moving forward. Licensed Talga anode refineries within the major gigafactories. There's been hints of this before in the announcements.
Talga ship concentrate and take a nice margin on the final anode output. De-risks having a single or multiple large Talga operated refineries and puts production where the batteries are actually produced.
From the Tesla plans they are manufacturing anodes in house. A Talga licensed anode refinery is a real possibility.
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I wouldn't be surprised if this will be the Talga business model...
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