Glencore as marketers would know everything there is to know about the spodumene concentrate that comes out of NAL.
They are in a position to know the quantity and quality of the product and how much it is worth.
The worry I have, is that they will know how close the jv is to c & m before anyone else.
Which way would they go?
Provide finance to the joint venture like they did to Galan.
or
Buy the joint venture on the cheap?
“Glencore will have the first right to negotiate for marketing and financing regarding future expansion of phase 2 of the Hombre Muerto West project, Galan said.”
https://www.mining.com/web/australias-galan-lithium-signs-offtake-deal-with-glencore/
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