DYOR
IGO proved Greenbushes is still making good money, even at the bottom of the cycle. PLS are in the Greenbushes business (atm).
ALB putting the brakes on Kemerton is hydroxide, what PLS sells it's spodumene into China for converting into battery minerals.
The ALB announcements prove that hydroxide conversion in Australia is too costly at the bottom of the cycle, and in China (and hopefully Korea with our PLS/Posco JV) it's still profitable, or maybe it's subsidised there, who knows, but they aren't scaling back infrastructure for conversion to battery minerals.
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DYORIGO proved Greenbushes is still making good money, even at...
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