A follow up article in The Australian by Nick Evans this morning with some credible questions around the Chinese report yesterday...
It is entirely likely that major Chinese battery-makers are looking to capture their own sources of supply – such a move fits entirely within Beijing’s current resources strategy and mirrors current moves in African iron ore. But a few of the details in the report suggest a bit of caution is also merited, not least the suggestion that BYD is eyeing six African mines with an average lithium grade of 2.5 per cent.
As a comparison, the head grade of the Greenbushes mine in WA has historically averaged 2.5 per cent to 2.8 per cent (excluding an ultra-high zone hovering around 4 per cent). It was averaging slightly above 2.4 per cent in the second half of 2020, according to part-owner IGO. Greenbushes is still the tier one behemoth of hard-rock lithium mines, the operation to which all others are compared. It is possible there are six deposits out there with a better average grade – but, if so, their owners have kept pretty quiet about it.
DYOR, etc...
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A follow up article in The Australian by Nick Evans this morning...
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