the question I have in the back of my mind is, Toyota is a ¥60 trillion market cap, approx aud$340b.
AKE is approx aud$7.5b market cap but without AKE can Toyota survive? Doubt it.
so, it begs the question, what can Toyota offer AKE that other OEM’s can’t? How can Toyota make it in our interest to lock up the 100,000 tonne of LCE that’s uncontracted and due to come on line by 2026?
sure Toyota have a decent stake in AKE but is that really enough?
AKE Price at posting:
$11.88 Sentiment: Buy Disclosure: Held