From AFR, today.....BHP has vowed to grow iron ore export volumes in the face of declining demand from China and has warned that higher-cost competitors will be “driven out of the market”
Exactly same thing happening in the lithium market.
Governments are concerned with security of supply chains, but companies are mainly concerned with growing market share and future profits. Governments and companies are not aligned, which is why I think it will be very difficult to have different tiers of pricing for ESG compliant lithium product. This affects LTR. It is up to Governments to provide the policies to incentivise the changes they want. The Inflation Reduction Act is a start, but we need to see a lot more from all Western Governments.
G
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From AFR, today.....BHP has vowed to grow iron ore export...
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