Sichuan Fulin was one of the winners in the bid for Albemarle’s...

Sichuan Fulin was one of the winners in the bid for Albemarle’s 25% “forced” sales to local companies. POSCO and Samsung were also winners. Sichuan Fulin will put in a cathode material plant ($100m).

This could be positive for LPI as Sichuan is likely to want additional carbonate over and above that received from Albemarle. Hallgarten did highlight this in an early research report. The effective price that Sichuan would receive its lithium carbonate at from MSB if it buys into the project at a reasonable price would be low given Maricunga’s low opex. In my mind this is bullish news.