Why would LGES be interested in owning a low grade resource? - that is crazy. They seem to be more interested in setting up secondary / tertiary manufacturing in-country to the resource and leave others to mining. QPM is importing twice the grade from New Caledonia - twice the amount of nickel / cobalt extracted per tonne of ore processed whilst not changing the cost basis
They could be "stringing" them along to keep others out, like SKI. Have you read about LGES vs SKI ? SKI lost the case, but it was pretty much about IP theft / corporate espionage (via poaching employees) etc SKI got off pretty lightly - and somehow gained 7% of the EV battery market which isn't bad for a company that is around 10 years old ................. So I'd say LGES are still dirty about the penalty applied to SKI ....................
Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-863
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