They should be careful as they have effectively left the door open for other companies to come in and also take a significant stake in AVZ."
Agree but needs to be a company that has established contacts with DRC government and has the financial capacity to build a mine.
Glencore a perfect partner.
Glencore has no secured Tier 1 Lithium supply ,but it is involved in all other aspects of supply needed for the EV / Battery storage uptake.
Also has major joint venture with VW and CATL to supply cobalt.
Glencore past and present involvement and in the coal sector when this sector had unprecedented demand from China showed how opportunistic the company is to get involved in a growing market.
EU buses by 2025 will shift to EV that will be over 1 million Electric buses. That is only in the EU.
5 to 7 times the amount of lithium required than a electric car
This is mandated in EU with many countries already making the change.
2020 Funding will also be available to developing nations to reduce carbon emissions.
Glencore could supply ALL the necessary minerals/ metals to meet the exponential demand.
