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Who on earth would have only one supplier for a critical factory...

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    Who on earth would have only one supplier for a critical factory such as Yibin’s plant?

    IMO, Yibin are flat out building one plant of 25Ktpa hydroxide which needs approximately 140,000 Tonnes Per Annum of SC6………. Yibin’s plant is not built yet and not expected to be finished until after June.

    Without feed, how else would they pay for their investment in AVZ?

    PLS have only signed for an initial 60ktpa moving to 75ktpa………..which IMO hardly makes a dent in plant number 1 and there are another 3 plants to come from Yibin each the same size as the last

    Total SC6 required by Yibin is around 600,000 Tonnes Per Annum………….I believe that’s almost all of our projected output

    IMO……….. PLS had CATL take the placement because Yibin didn’t have the cash to do the placement at the time and again CATL don’t have any shareholder that is an SOE where Yibin does, so hence the FIRB requirement.

    All IMO & DYOR
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