Spot on, P0kerface.
SQM
Extra supply equivalent to 10% of the total market by 2025. A move that will impact on low tier miner hopefuls and their decision to FID and spend CapEx (AVZ?).
SQM still have to arrange for conversion facility to develop raw material to EV battery standard. Brine Lithium is not PLS's quality SC6+.
A generous Government decision that occurred conveniently when 32% of SQM is up for sale and most likely potential suitor, RIO, has dropped out. I would expect a legal challenge by Chilean Indigenous legal representatives for the exact reasons limits were originally imposed.
PLS
Have arrangements for sale of Stage 1 and 2 production and already conversion plans in place. No change.
Mike Beck expected Lithium prices to quadruple or more. Even if Lithium prices remain at todays prices, PLS will be earning in excess of AUD1b at 5mtpa.
PLS is the quality and low cost producer with a huge resource. SQM's plans for extra production will not impact on PLS's future plans. If anything, it will suppress future prevailing Lithium prices but not for many years to come.
This is an excellent buying opportunity for anyone wanting to buy into the Lithium story and PLS is the hero.
January Tea Leaf Musings !, page-243
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$3.11 |
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Mkt cap ! $9.365B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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