you raise a good point @Goldilocks. IMO LTR will be planning a refinery for their spod customers to refine in Australia. They will do it in a JV most likely to secure the expertise. This will multiply the profit by at least 10 times and is the "licence to print money" that Musk recently referred to. I think LTR is just taking its time to see where the feedstock will come from, its quality and quantity, whether the market wants more hydroxide or carbonate, who the JV partners could be and what assistance the Fed Gov and WA Gov, or even US Gov would provide. Making batteries are then a logical extension. There is no doubt after listening to TO that these things are at least being seriously considered. You would assume that Tesla and Ford would be very supportive as well. The future is very bright for us if we are patient.
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