Last month, Tesla founder Elon Musk complained that lithium refiners were “minting money” and making “software-like margins”.
I don't really like Musk but I'm happy to quote him when he make a point that suits me.
China’s lithium champion Ganfeng mints money but walks a fine line.
https://www.ft.com/content/89ce0c75-6f0f-4ff2-8ce8-62bf72c05f51
All IMVHO
GAL — IGO ~9% interest, page-19
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