Cursory calculations using spodumene @6% requires at best a minimum of 8 tonnes spod to make 1 tonne of battery grade product. Include shipping and then conversion cost. At 11k then spod at 7-800/tonne is required to make some profit. The question then remains that for the Chinese to do it then who and where are they getting the supply from?
Not Gunna Be Enough Lithium, page-1891
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