LTM 0.85% $7.09 arcadium lithium plc

I think if pricing continues to improve then they will revisit...

  1. 209 Posts.
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    I think if pricing continues to improve then they will revisit the MtCattlin plan, in the qtr'ly they said they are reducing production to reduce cost and essentially buy time. Paul did say if they put the mine on care and maintenance then it would be unlikely to be restarted (due to restart cost). So I think they just want to see how pricing goes over the next 12 months and they either conclude going underground makes sense or they close the mine. I did get the sense that this will become a non-core asset for the new company and to be honest I think that is the right choice, they should focus on Canada and Argentina where they have large long life assets.
 
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