The Limiting Factor in Lithium Refining Capacity

There are multiple places whether it's Chile, Argentina, or if you're talking about New Hard Rock, Brazil. I think too many people have taken Elon Musk too seriously on his constant rant that mining is easy and the real problem is refining capacity. Most of what you hear so far in North America is about building hydroxide conversion capacity. There may be a shortage of IRA compliant conversion capacity. If you look at what's happening in WA the conversion capacity being built right now is all hydroxide which I believe is a very short-sighted decision amongst those players.