AGY 2.63% 3.9¢ argosy minerals limited

General Discussion AGY, page-18042

  1. 1,317 Posts.
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    I've got so many fwits on ignore these days that it's hard to follow any of the threads on AGY.
    If any of those fwits are genuine, then sadly they are just fools with overblown expectations!
    This is from the West Australian Newspaper and pretty much sums up the difficulties faced by any company trying to produce battery grade material:

    Plummeting production at IGO and Tianqi’s Kwinana refinery show Australia’s lithium refining challenge

    Production has tumbled at Australia’s first lithium hydroxide refinery in WA, extending a run of setbacks in the country’s attempt to move into battery metal refining.

    The Kwinana refinery operated by Tianqi Lithium produced just 142 tonnes of the battery-grade chemical in the three months to June 30, the project’s joint venture partner IGO said in its June quarter update on Monday. That was down 85 per cent from the March quarter, and a tiny fraction of its goal of 24,000t a year.

    The figure was “significantly below expectations” and was due to “ongoing technical challenges following the scheduled shutdown during the quarter,” IGO said.

 
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