https://www.arenaev.com/byd_buys_six_african_lithium_mines_to_cov...

https://www.arenaev.com/byd_buys_six_african_lithium_mines_to_cover_its_battery_needs-news-330.php

BYD supplied for the next decade at 30k per ton LCE. These mines are already producing.

Shouldn't trouble Leo too much since we've offtake with Ganfeng already but will dampen spot lithium pricing about 50%. Good thing Leo's NPV used pricing about 1/6th of current spot prices so we're still well in the money at production.

Market is overreacting. Leo's one of the few ASX juniors that will actually get into production and isn't just a paper project.