Things you might like to keep in mind.
Tesla sold 150k units in 2018. The total supply of spodumene from australia did not produce enough LCE for half the batteries required. Tesla is expecting to sell more units with model Y, 75% of all tesla are sold online. Other autos want to sell EVs also.
Batteries are not all the same. There are tiers.
The highest quality LCE go into tier1.
Panasonic, Samsung, Lg belong to tier1. Koreans and Japanese mainly.
Majority of chinese products go into tier2 and below.
Chinese batteries are substandards to world
Current batteries have a liquid center. Solid state means there is no electrolyte core. Its the flow of electrons through the core that gives the charge.
Every time the Chinese stick their nose up at the contract price, they will loose a supplier. The korean and Japanese will have it for paying a higher price, for a higher quality product.
Japanese and Korean will be building their cars and batteries for world markets in places like Thailand, where they are currently producing ICEs. Singapore and Indonesia, Europe, north America, India and possibly Australia.
MS helped raise fundings of IPOs for Tianqi and gangfeng. The bank that short lithium stocks are also the ones trying to expand offices in china. NIO took funds from investors and now say they have financial issues. They haven't done anything yet. Seems like a good way to take funds from world markets.
There are around 100 chinese EV Startups. The govt only have around four permits for EV startups.
Kia and Hyundai don't have secure LCE supply. The European and Japanese auto makers don't have secure LCE supply.
The bidding for SDV is fierce.
MtC doesn't need to send any shipments now. The cost to produce now will balance out when stockpile is sent later at close to zero cost. It will cost the converters and battery makers of profit the later they get our spodumene. The financial year is at the end not quarters.
Do not feel sorry for the trolls, . They post around the clock, no sleep, food or toilet breaks, trying to stay solvent with HC posts.
GXY Price at posting:
$2.07 Sentiment: Buy Disclosure: Held
