Tesla will use CXO Lithium, page-3

cheers mate.

so analysts are saying 12,600 - 17,600 tonnes of hydroxide produced per year for this deal. That’s equal to about 100,000tpa - 140,000tpa of spodumene concentrate. JUST for Tesla. Let’s not forget about all their other customers.

In this release (link at bottom of post) which looks to be promoting an upcoming Chinese Battery fair in March, it mentions that Yahua has a current production capacity of 42,000tpa hydroxide/carbonate. That’s equal to a little over 330,000tpa of spod.

It also mentions Yahua’s plan for another 20,000tpa hydroxide line by 2025. Which means we would be looking at an equivalent of nearly 500,000tpa of spod!

Right now Yahua receives 120,000tpa of spod from GXY. So if the analysts are correct, this isn’t even enough to satisfy the higher range of the Tesla deal, let alone all Yahuas other customers.

Chuck in the 75,000tpa from us and Yahua still falls short of their current production capacity by equal to 135,000tpa of spod.


So there’s no other way to say it: Yahua need more spod.

Yahua have a binding offtake with us, Yahua is CXOs largest shareholder, we have about 30,000tpa of spod not contracted by way of binding & non-binding agreements...I reckon that extra capacity will go to Yahua. Management have also talked about increasing production beyond 175,000tpa as a result of increased interest and demand in our product. I am confident that increased interest and demand is also Yahua.

This Yahua Tesla deal is great news for CXO. If anything, it could fast track finance of our project, as well as put us on some radars.

IMO

GLTAH

http://en.cibf.org.cn/Exhibitors/MobileDetails/2361