CLA - Cobalt related news, page-2217

The march upstream is upon us. Corporates and sovereigns that have mentioned moving upstream that I have seen in the last few months;

India
Ford
Panasonic
BMW
VW
and so on...

And why not go shopping now whilst prices have corrected for Li and Co? Seems a perfect time for some corp activity if you're buying long-term.


MINING INDABA:
Panasonic eyes upstream investment in battery raw materials

Japan’s Panasonic is considering investing in the upstream part of the battery raw materials industry in order to have better oversight of quality, pricing and supply chain responsibility, a company executive said.The move has been led by the company’s growing consumption of raw materials for batteries due to rapid growth in demand for electric vehicles (EVs), Kazunori Tanaka, general manager of the group's electronic device materials department, said. “The chain is longer, so to understand and control the chain is not possible. In order to have some more control over the supply chain, Panasonic has made purchases of raw materials by itself,” he said. “In the future we intend to go upstream to purchase intermediates and try to get a more clear picture of the supply chain....