Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-91

MC isnt the issue

LG Chem are desperate in a big way , they have committed to factories and supply of several million EV’s per annum, they need all the nickel they can get their hands on

the issue with Sconi is if it supplied LG with 100 % of its needs it would be sucked dry in 2 years (5-6 million ev’s) and that amount is expected to grow year on year at a fast rate

LG wont build a plant for 2 years worth of supply , offtake yes , plant no

LG need a deposit more in the ballpark of 50 years of current annual requirements to justify a plant level of investment ( 150 million ev’s )

its not the cost out of the ground that matters but rather the speed it comes out , how many tonnes per year and continuance of supply how long it can last , that will drive capital expenditure from a battery maker