The lithium refinery at Morowali Industrial Park in Indonesia is still an all-Chinese affair. The refinery is 65% owned by Chengxin and 35% owned by Tsingshan. Indonesia was happy to accept that the majority of employees will be from Indonesia and the refinery will be paying Indonesian taxes.
To clarify a technical issue, the refinery is not 60 ktpa LiOH. It DOES have a 60 ktpa capacity, but it's been designed for 50 ktpa LiOH and 10 ktpa Carbonate, with the end product being adjustable, such that they COULD change that output to 30/30.
It does appear that, so far, the Spodumene feedstock appears to be coming from PLS, though it bears noting that one of LTR's first shipments was to an "Indonesian trader," which in fact took delivery and immediately sold it to the same facility. I can't find any record of any Spod shipments to Morowali that weren't from PLS, other than the one spot market trade from LTR.
Hope that helps.
PLS Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
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