Looks to me not many outside of china can get the chemical side of things right .
Hydroxide plant in Aust is not working.
Those thinks Quebec will have hydroxide plant running efficiently and profitably need their heads examined.Tianqi Lithium posted a net loss of 5.21 billion yuan ($1.1 billion) for the first six months of 2024, compared to a profit of 6.45 billion yuan ($1.3b) a year earlier.
A glut of supply has overwhelmed slower-than-expected demand growth from electric-vehicle makers, driving spot carbonate and spodumene prices to three-year lows. The drawn-out slump has squeezed producers’ margins, forcing some to rethink expansion plans, reduce spending, or shutter facilities to weather the downturn.
Talison owns the massive low-cost Greenbushes lithium mine, 250km south of Perth, which raked in $6.3b of profit for its owners in 2023. The Chinese giant therefore effectively received a $1.64b dividend windfall.
While Greenbushes has been a raging success for Tianqi, the $1b Kwinana plant it uses to refine the spodumene concentrate from the mine into lithium hydroxide has been plagued by technical issues.
It owns 51 per cent of the Kwinana plant with the remainder in the hands of IGO.
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