“There will be incredible price spikes in the raw materials because it is the raw materials that are going to be short in the world – not the chemical capacity, not the battery making capacity, and not the EV making capacity.”
Ken seems to be aware of where the most profit is to be made. For that reason I strongly favour increasing spodumene production over downstreaming into chemical converters which probably will have lower profit margins for the capex.
With progress well advanced on P1000, IMHO I think plans for a new train of at least another 500 mtpa would be in order.
Cantankerous James
“There will be incredible price spikes in the raw materials...
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 03/05/2024 ? | |||||
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