Its happening everywhere. Most argentina producers are expanding carbonate or hydroxide capacity in and out of the country. Including Livent building hydroxide plant in the US to make use of the IRA, as well as PLL.
big pipeline of projects to come for Canada by foreign owned entities including the Germans and LG etc. Canada have already kicked to the curb past and present equity investments the Chinese had made in Canadian projects.
Australia looking at conversion plants.
CATL can drop battery prices but in all fairness they still don't have a greater foothold than one would think.
The profit margins that come from chemical converters of SC6 (CATL) are a lot less than the margins that lithium mining companies achieve. Integrated projects will do a lot better than a battery producer / carbonate producer who has to source their 3rd party feed. CATL rely on scale and selling a huge amount of LFP batteries to market, hence their strategy.
LLL Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
(20min delay)