Albermale believes global EV sales are still on track to hit growth of 40% year on year Eric Norris head of Albermales business unit said " When you have prices that low and the market is still growing , you're going to see a pretty hard bounce at some point. ( I like that bit )...
Despite risk of Gina's intervention they were still looking for Australian producer acquisitions and said they are yet to give serious consideration to partnering with Gina.
They said they were puzzled as to why prices were so low given they believe EV sales are strong.
Mentioned is BMI Benchmark Minerals intelligence, China is using up stockpiled material rather than buying fresh material and that US & Europe are struggling with commodity prices and huge outlays to meet forecasts of a big jump in demand while Chinese companies are pushing ahead with development plans .
Albermale predicts the market will increase fourfold by 2030.
Ken Masters said they are likely to lose market share to China as ALB take a more conservative approach after their 4.2 billion dollar deal was floundered by and Australian rival and a collapse in prices pulls back expansion plans. Gina wrecked their plan to take over LTR a crucial acquisition.
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