Yet to listen to some on the forum LG had little strategic purpose in signing the Binding Agreement and it is almost not worth the paper it is written on.
A rationale view must be after a Due Diligence on Sconi - LG recognising they want a stable supply of Nickel determined that Sconi fitted their requirements, it was likely they would obtain finance and therefore be in a position to supply nickel for a portion of LG's future requirements.
No guarantee of course but I would suggest LG have done their homework and have had access to far more information than any of us have had in making their assessment and deciding to commit to Sconi.
Ann: Binding offtake agreement signed with LG Energy Solution, page-1383
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