Ann: Production of Battery Specification Anode Precursor Material, page-89

Much of the battery material supply chain is non profitable , from Cobalt to graphite, the supply response was significant 21017/19, but the take up in EVs has been nowhere near expectations (batteries too expensive, change in China output of EVs) . Companies going into administration is a semi regular occurrence across the materials supply chain. Without the deep pockets and support of Aussuper we would probably be in that bucket, instead we are in are in a position to benefit if demand for EVs finally starts to live up to expectations.