From the Australian Business section this morning: Wesfarmers’...

From the Australian Business section this morning:

Wesfarmers’ $776 million bid for West Australian lithium developer Kidman Resources is a chemicals play, not a re-entry into the mining industry, according to Wesfarmers boss Rob Scott...“The area we’re most interested in is the value-added processing around lithium hydroxide,” he said. “Some people view lithium as a mining opportunity. We view this as a chemical processing opportunity. And we have a world-class processing business in Kwinana.”...“We see that there is still going to be, over the next few years, a shortage of capacity lithium hydroxide production. Even if you assume relatively conservative growth forecasts in electric vehicle production there clearly needs to be a significant investment in production,” he said.