Banter and General Comments, page-10764

Here, (below) is a snip from the Simon Hay interview Thesis posted earlier –

The question is, will these stockpiles alongside the converters in China, accelerate down in volume due to any lack of input from the Chilean lithium players

"Shipment volumes for the quarter were 58,200 dry metric tons, marginally below the guided range of 60 to 70 kilotons.

And this was a very significant increase on Q2 as we expected.

While this improvement in shipping volumes was pleasing, as we discussed on discussed in the half yearly call, following my most recent trip to China, it's pretty clear the number of converters in China have excessive stockpiles of inventory and utilization levels of conversion operations remain quite subdued.

The pace at which these stockpiles can be worked through is going to be the key factor impacting shipment volumes in Q4.

Considering this, we have stated that the target shipment volumes for Q4 is 30,000 to 40,000 tons."