Do you think PLS is getting a better price than AJM, now for their spod?
We don't know what goes on or is going on behind the scenes right now.
JB says very little and KB says too much.IMO.
Here is a kiwi article, which you would have seen.
The bit I like is about Ganfeng providing 53% of the world lithium compound market in 2019. Assuming the author means LiOH
AJM spod must be about 13 % or more of the world market.
On behalf of the BOD, I apologize to all other Li asx companies for not going belly up.
I say work together which would have to include strategy to protect that not happening.
But this sounds like a socialist idea.
What Ganfeng does next, in the next 6 weeks , is the biggest question for PLS, AJM
re new agreements.
Maybe that is why KB suggested, hinted at, toning down the anti Chinese banter recently.
They may not be happy bunnies, they too had to whether the downturn.
Ganfeng invested into PLS on the expectation the money was to be spent on expansion not to idle the mine or sell 50% of the asset or to sit in the bank as cash on hand or for POSCO to benefit from their investment, the icing on the cake would be Ganfeng BOD reading PLS HC IMO. https://hotcopper.com.au/threads/good-news-bad-news.4835087/page-7498?post_id=48363248#.X5TCdZE7adM https://www.pv-magazine.com/2019/10/14/plummeting-lithium-price-will-further-dent-ganfeng-profits/
AJM Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
