In this interview with The Mining Report, Desormeaux notes that lithium is less dependent on short-term economic cycles than commodities like oil and copper, and says demand for lithium will grow faster than the global economy.
“Its use of offshore, low-tax jurisdictions in relation to its Australian operations, and the apparent uncertainty about ownership of the Abbot Point Port lease, raise questions about the ability of the public to scrutinize a project of such huge economic and environmental significance.”
The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.