It's great CATL are part of this chain. This is the biggest battery maker with not enough lithium supply for its multi-billion dollar contracts. eg. VW
So I am beginning to like this YibinTianyi Lithiium supplying CATL deal more and more, and the reason is the plans for Tianyi.
Just look at the stage two expansion numbers from their website:
"The company plans to build an annual output of 100,000 tons of battery-grade lithium hydroxide production line by the end of 2022 , making the company the world's first monomer-based, technology-leading battery-grade lithium hydroxide production base."
That's MEGA!
and lithium hydroxide....This is a strong affirmation of where battery technology is going with hard rock the preferred source of same, preferably high quality which only meet the specs of new generation batteries! press here
Sohhhhh.... Imagine the offtake numbers we could deal with this company!
Make no mistake this figure could be HUGE!
More from their website:
Market advantage: "The project initiated by Fang Ningde era is the world's largest (accounting for global ⅓ or more, the Chinese market 50% ), the most advanced technology, the quality of the most stable and reliable lithium battery manufacturers, battery grade lithium hydroxide is the largest enduser."
Seems AVZ with the largest homogenous and at surface high spec spodumene deposit in the world would fit this company to a T!
