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Chip supply in China is running thin.This effects production of...

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stillsmokin

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05/04/22

15:05

Post #: 60662499
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Originally posted by sunnyaus: ↑

Mineral Resources Limited (ASX: MIN; MinRes or Company) is pleased to announce that, in response to unprecedented
global customer demand for lithium products, the Company has agreed with its Joint Venture Partners to increase
production from the Wodgina and Mt Marion spodumene mines, based in Western Australia.
Wodgina Update

Given the strength of market conditions, MinRes and Albemarle Corporation (NYSE: ALB; Albemarle) have agreed to
accelerate the resumption of production from Train 2 at Wodgina.

First spodumene concentrate from this train is expected
in July 2022. MinRes is well-progressed with its preparations to recommence operations at Train 1, as previously
announced1 with first spodumene concentrate from this train now expected in May 2022 (previously estimated at third
quarter of 2022).
Each train has a nameplate capacity of 250,000 dry metric tonnes of 6% product

Looks like an addition of 500,000 tonnes of spod coming on the market in the next few months, understanding is that this feeds into a JV market and not spod in the open market.

MINERAL RESOURCES LIMITED (ASX:MIN) - Ann: Lithium Business Update, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

This may have rattled Li stocks, my understanding is that this won't cause an oversupply though.

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Chip supply in China is running thin.
This effects production of EV's.
Cheers
SS

CXO Price at posting: $1.49 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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