You forgot to add Tianqi Hydroxide plant ready for commissioning @ 25,000 tpa of hydroxide upscaleable to 50,000tpa. as well as FID deferred hydroxide plants by Albemarle/MIN and SQM/WES. Also add in the brine big boys Albemarle, SQM and probably Livent that have capex sunk overcapacity and brownfield style, i.e. low capex, expansion ability. Sure, the forcast EV demand curve does look promising but, in my view, not enough attention is being paid to the amount of supply that can be bought on stream as soon as the price of lithium chemicals raises it's head a little.
P
GXY Price at posting:
74.5¢ Sentiment: Hold Disclosure: Held
