$QUB.ASX (Qube Holdings Limited) Qube Holdings has just been given the contract for spodumene hauling services from Kathleen Valley Lithium Project (100% owned by Liontown Resource $LTR.ASX (Liontown Resources Limited) )
I'm sure anyone watching these knows the enormity of the project and their partners agree- LG Energy Solutions, Ford, and Tesla all have binding offtake agreements. They got in hard and fast, together combined taking 90% of production capacity of half a million tonnes pa. Of course this is initial capacity, as we know often mines will dry up at capacity,.... but also can often open up to a new belt. Exploration companies here in Oz are in high demand as they can literally double the life of a mine, especially if the initial capacity is a more conservative figure.
Albermarle offered $3 for a buy out on LTR, which they declined, knowing North of 3 is closer to value. Good for them!! They have carefully laid groundwork to evolve into a behemoth like Newcrest and South 32... (give it a decade or less) and clearly aren't selling out. 🤔 ... Show More
