It’s a good point u bring up recant PREFERED OT deal falling over MM.
They’ve shown they’re not afraid to play hard ball with QQ and if the deal or the timing doesn’t suit then that may just happen.
One would think however that this time around JZ and Co have made the OT framework clear and there would be little room for an OTer to play any such shenanigans with Li supply looking soooo tight.
I’m guessing the potential OTer is either not wanting to rely on spodumene processing vagaries or they simply want to spread their supply risk so that they won’t be left in a hole if say another Li supplier doesn’t come to the party as per the spodumene issues of late.
I’ll wait patiently until they get this right cos imo and as others have said, this deal could well set them up for a much quicker run into stage 3.
d.
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