RE: Glencore, Tianqi, BYD, Ganfeng, Rio Tinto, or...? Who will win PREM?6 May 2025 07:18
My expectation is if Glencore or someone else steps in to take up Canmax's position then they will probably provide the wonga to develop Zulu in a bigger way and then kickstart full scale production later in 2026.
In this scenario:
1. Costs are lower because of larger output
2. Gives a chance for the lithium market to recover
3. Restarts when the global scene is less turbulent
Target share price: 0.2-0.4p this month.