General Discussion Topics, page-139029

I pulled these 2 slides from LAC's most recent corporate presentation. LAC are fully steam ahead with Thacker Pass. AVTM loan of ~US$2.2B and they raised the remaining equity to go with Cash on hand to be fully funded Capex of ~US$2.9B. They are going to produce 40Ktpy Li2CO3 in Phase 1 in CY 2027/28

But that not so pertinent (unless of course you compare the relative Capex Intensity and then the Opex costs ... POST IRA 45X credits). The real info I think is below. We talk about supply response etc. These Carbonate plants run 20,30, 40 years ... no need to go quite that far but, 2030 is not far enough and 2040 might be better.

That's 1 point. Point 2 is "battery chemistry" ... have a look at the LCE for LIBs with Lithium anodes and solid electrolyte as well as lithium cathodes (aka Solid State) ... 160Kg LCE for 70Kwh battery ... that's 3X amount of Lithium in present "default" average battery. Makes a big
difference don't you think.




and then going out to 2040 we have this gap ...



So these "movements" in SP ... if they bother you, your investment horizon is to short. The only issue I am concerned about is that the companies I'm invested in, is that they don't do any stupid that prevents them from being around to take advantage of the future. The above gap will still be there in 2028, 2030 , 2032, ... there is absolutely no need to rush to carbonate production by 2028 and risk the company's future. Stupid would be rushing in and completing the carbonate plant now - Just my IMO of course ... which I'm the brains trust here will disagree with