Ann: Quarterly Activities Report - September 2021, page-60

In recent weeks, you can regularly read in the business press how European companies in particular are suffering from bottlenecks in the supply chains. This has recently been true for magnesium, but with battery factories mushrooming in Europe, it could equally apply to nickel.
It is a strange paradox: For many years, the German economy has failed to recognize the importance of raw materials such as copper, nickel and rare earths - yet it has always been one of the world's largest consumers. German companies are becoming increasingly aware of the relevance of such materials - and of their own vulnerability. They are examining their supply chain in search of weak points and are now also expected to enter into long-term off-take agreements that offer the mining companies investment security. It would also be advantageous, imo, to even participate in strategically relevant suppliers in the raw materials sector - but hardly anyone goes that far today.

I wonder whether European car manufacturers have already knocked on POS's door or whether POS is proactively approaching them. A deal would have the advantage that planning security would increase for both sides. Also for the small investor this could imo mean more stability, the gambling could weaken.

Perhaps PH should book tickets for a road trip to Europe to VW, Mercedes, BMW, VW/Audi, Renault, etc. and the numerous battery producers by early 2022 at the latest....