Can anyone understand the below as to why or is everyone on lithium mental health?
Tianqi bought gxy converter to produce lithium chemicals.
Tianqi and alb have Greenbush, a hardrock deposit. But instead of producing spod they build a hydroxide plant in australia to produce chemical. Their market is china.
Tianqi then buy a percentage of Sqm in chile for $4bil.
Sqm sell in chile and invest in Kdr in Australia.
Alb operate in chile and greenbush but than pay $1 billion for half of Min project.
Apparently there is a bottle neck with the Chinese converters but ganfeng can't stop buying more spod.
Ganfeng and sqm have large quantity of spod but buy nmt.
Toyota trading house invest in Ore to produce battery carbonate but produce more than half in technical grade.
Mitsu trading invest in KDR but sqm haven't started building.
Galaxy like the market to recognize the hard work done but prefer to keep everything secret.
Stocks have been sold off due to an apparent oversupply but producers are either struggling or missing target.
70 mega factories are planned but nearly all have no secure supply of chemicals.
What the.....
- Forums
- ASX - By Stock
- GXY
- Banter and General Comments
Banter and General Comments, page-3485
-
- There are more pages in this discussion • 17,547 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online