Keep in mind that Arcadium owns 50% of Nemaska, and thus also of the Whabouchi spodumene mine in Canada, which is what's feeding the Bencancour lithium hydroxide conversion facility. All of that supply chain, is owned 50/50 between Arcadium and Nemaska.
Also, D Henderson also said with regards to their latest acquisition : “It provides Pilbara Minerals with optionality to sequence new supply and diversify into new growth markets for lithium such as Europe and North America,” he said.
Emphases mine on "sequence".
Thus, I don't think it is dis-similar to what Arcadium is doing now in North America ... in fact in all of its assets.
Sequencing supply from South America : Olaroz, Hombre del Muerto, Sal de Vida 1. Then Hombre del Muerto Stage 2 and Sal de Vida 2.
Sequencing supply from North America : Whabouchi, then James Bay
LTM Price at posting:
$4.04 Sentiment: Buy Disclosure: Held
(20min delay)