Good News & Bad News, page-1053

Yes, quickest way to success. If the US can pick up supply from Oz, they can start building their conversion capacity immediately. Surely some mines in the US will come on line, however, they'll need to wait about 4 years before they see any meaningful supply, not to mention the subsequent qualification periods. So, if the US wants to gain a reasonable foothold in the supply chain, and thus reduce reliance on China, they need to start investing in upstream projects to secure supply now. If that occurs, do we see a EU step in and try and stitch up supply (FOMO), as they are in a worse position, in that their downstream investment is more advanced.

In the EU, the "not in my backyard" stance continues - https://www.mining-journal.com/politics/news/1410731/locals-threaten-to-block-savannah-lithium-project

And in Chile, "no longer in my backyard" is the growing narrative.

I see South Korea is investing heavily in the US, that will give the US a leg up, also making it happen sooner - https://electrek.co/2021/05/25/egeb-korean-companies-to-spend-nearly-40-billion-to-build-ev-tech-in-the-us/

All very good for OZ, and some US or EU investment dollars down under would certainly accelerate expansion plans and new viable projects, further growing market share, cementing our place long term, though, we will be shipping chems/salts in the medium term, that's how it has to be IMO.