From a quick glance I see you have mentioned MacWood and their EV report 3 times now in a matter of hours and even opened a thread pertaining to this. Although interesting and relevant personally I would take into account the entire automotive industry as a whole and their corresponding sales figures so far this calendar year? I dare say they would both paint a fairly doom and gloom equivalent. I believe from the reduced production and mining operations surrounding the lithium market and as other have mentioned also some mines have even gone into care and maintenance.
What I would be very curious to understand is what part does AJM’s spod play in the EV market and where are they exacting on the demand side for these converters that seek a particular quality of spod to produce the required batteries for EVs? We defiantly know that Shanshan are tuning their converters specifically to AJM spod, does that then give AJM the upper hand later down the track once Gangfeng, Shanshan and other clients have relied so heavily on AJM’s spod for quality and assurance that the balance of power as far as negotiations go will be on even if not in AJM’s favour?
So as James Brown has mentioned they seek to understand the supply chains more in-depth to maybe know exactly where AJM’s spod is going and too who? This maybe the key.... IMO
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