Vulcan offtaker Volkswagen has announced that “it will only produce fully electric cars in Europe starting in 2033, thus anticipating the goal set by the European Parliament for the end of combustion cars in 2035.”
Volkswagen is now investing $100 billion into factory conversion and production readiness for electric, a big chunk of that in Germany. Stellantis - Vulcan’s major shareholder - is tipping in more than $35 billion to meet similar objectives just up the road.
Electric cars require batteries. Batteries require lithium (not table salt). Vulcan has now produced lithium from Rhine brine that comfortably exceeds the automakers’ minimum requirements. The investment required to supply to commercial scale is a mere drop in the river, and we still have less than 145m shares on issue. Personally, I’m more than happy to see that number double to fund the establishment of the plant and bring it to production for Volkswagen, Stellantis and our other offtake partners
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Price($) | Vol. | No. |
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