General Discussion Topics, page-144498

Rio's assessment of the Li market, low-grade African and China supply... won't cut the mustard... the story will unfold

Majors should nevertheless refresh their views on the industry and explore areas in which they can play to their strengths (they do have large scale processing and project development capabilities). The classic opportunistic/countercyclical M&A play should also be prepared if and when prices get back to, or below, incentive pricing (if only for a very short period of time though).Finally, hindsight has a reputation as the only perfect science, but it is also a great source of learnt lessons. Geoscience is rightly at the centre of investment appraisal processes, but lithium has shown that while necessary, geoscience on its own is not sufficient to grasp the complexities of superfast growing commodity markets.