Talisons reduced production of Spodumene Concentrate in 2019, like PLS and GXY. Further exacerbated by Tianqi's financial difficulties. With renewed demand and finances they are now back:
Greenbushes are back shipping to chemical converters overseas.
A lot has changed in the production of "battery qualified" LiOH in the past few years. Impurities are now measured in ppb, rather than ppm. Every effort is made to produce optimal quality LiOH.
We saw the Kemerton and Kwinana Chemical Conversion plant expansions shelved in 2019.
The Albermarle CR will be a test for Australian chemical conversion industry. Will both Albermarle and Tianqi/IGO fund expansions or will Spodumene be redirected to Converters close to Cathode/Battery parts manufacturers?
SQM and Livent (again) are also CRing to fund expansion. PLS is next. The way Ken spoke yesterday, implied our full expanded production capacity will be required. He must be close to giving the nod soon. He appears to be somewhat breathlessly looking to POSCO to announce the order. That would be a pivotal moment for us ... and the PLS share price.
https://hotcopper.com.au/threads/when-is-2-00-party.5847085/page-195?post_id=50343409
"IGO succeeded in acquiring 49% of Kwinana AND ALB were more than happy to increase MINs share of Kemerton, as part of the Wodgina deal. These are the top industry players offloading part of their (Australian based) downstream projects."
I liked the way Ken thanked everyone at the start of his talk yesterday and then said, "and a very special thank you to all the PLS shareholders".
The share price is always going to fluctuate. It won't be a great half year A/Cs they will be revealing soon. Perhaps that may have something to do with the current share price weakness.
Fundamentally, things look great for us. The Wodgina sale in Lithium Boom Phase 2 valued PLS at ~A$3b+. Yet here we are with a A$2.7b MC and after acquiring ALO for nicks.
With rising prices, expansions and downstream participation, 2021 is looking good for us. Whether it will be for Australia's Chemical Conversion industry, is a question about to be answered.
Ramp up of next PLS shipment..., page-642
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