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How Will the JV Between European Lithium and Obeikan Group Impact Lithium Hydroxide Production? — ASX:EUR| ASX Mining News & Discussion
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$EUR How Will the JV Between European Lithium and Obeikan Group Impact Lithium Hydroxide Production?
European Lithium and Obeikan Group's Saudi Arabian JV: A Strategic Leap in Lithium Hydroxide Production

European Lithium Limited, a key player in the lithium market, has announced significant progress in its joint venture with the Obeikan Group to develop a state-of-the-art lithium hydroxide processing plant in Saudi Arabia. This venture represents a pivotal step in the company's expansion and operational efficiency.

Expansion and Increased Capacity: Doubling Production Targets

The joint venture (JV) has made a strategic decision to increase the planned capacity of the hydroxide processing plant from an initial 10,000 to 20,000 tonnes per annum. This upscaling demonstrates the JV's confidence in the growing demand for lithium hydroxide, a crucial component in battery manufacturing.

Sourcing of Lithium Concentrate

The JV is exploring options for sourcing additional lithium concentrate. The choices include sourcing from Zone 2 of the Wolfsberg Lithium Project, anticipated to commence drilling in the second quarter of 2024, or from the company’s ...
How Will the JV Between European Lithium and Obeikan Group Impact Lithium Hydroxide Production?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?