First significant offtake in a decadeTomorrow will see the first significant ROW offtake agreement signed for a decade and it will herald a new model for the RE supply chain > carbonate from source.
Given the excess separation capacity that already exists in & out of China this makes the greatest economic sense, carbonate from source, separation close to mkt.
The MtP patriots of course shipping massive amounts of concentrate to separation inside China but the carbonate value adds at source and leverages built separation capacity.
Takes a fairly special resource to make this work economically but we'll see this same model employed by Lynas in Kalgoorlie.
The offtake contrat revealed tomorrow will have some interesting upgrade clauses, and will be quickly followed by $400M joint Govt funding package.
With 10M currently short sold into this stock SP reaction will be interesting as the news rolls out next week or so.