Well aware of the PLS offtake - but PLS is lowest cost producer and still makes a profit at these levels. And they have 2 complete mines, both fully commissioned and producing qualified product.
China can happily receive Lithium from PLS at the prices they are getting until the cows come home and make huge margins on cells they are making.
Win win for both of them tbh. Longer that continues the more difficult it becomes for higher cost producers like LTR to justify their existence.
DYOR IMO
Lithium Related Media Articles, page-20501
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