GXY galaxy resources limited

Water bans for SQM and ALB- Production issues, page-7

  1. 2,874 Posts.
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    Argentina has ample fresh water supply.
    Its all about the balance, no point having a high quality asset in Chile when your getting smashed on royalties up to 20% of sales and then getting no fresh water to produce any LCE
    We are also seeing ALB struggling to keep up production at current rates
    The new drinking water reservoir to be set up next to their SQM and ALB sites will practically throw a wrench into all their expansion plans in Chile

    "
    Jon Hykawy, a battery minerals analyst at Stormcrow Capital, said new restrictions could impact current supply and add uncertainty to future development.
    “My projections on future lithium supply anticipates a big chunk of growth from SQM and Albermarle on Atacama, so if that’s in any way endangered that changes the supply picture dramatically,” he said
    Both fresh- and saltwater are critical to the production of lithium in the Atacama and have become a sticking point as local indigenous groups, long-standing producers SQM and Albemarle, regional copper miners and newcomers to the region all vie for water in the world’s most arid desert."

    https://www.reuters.com/article/us-...n-lithium-rich-salar-de-atacama-idUSKCN1L827G
 
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