Friday, October 28, 2022 12:16:20 AM
The comments from Laroque and Liberte that you shared are more important to me in that they state that Spodumene from NAL will go to China while the company works on the carbonate plant. This suggests that Piedmont will not be receiving Spodumene at least initially since it has no plant to process it yet. As such, the Spodumene should be sold at a much higher price, which will benefit both Sayona and Piedmont. It looks to me like initial production will be shipped this way until carbonate is produced, but I am not sure if or when Piedmont will be entitled to its 113k ton/yr later next year or if one of its plants eventually starts producing. I suspect that the companies must be working on some changes to the existing agreement to make sure that all the parties are in compliance with the new plans and that they present the same message. I think they will.
Others here are welcome to chime in with better information.
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