Just 20% of the output from Ancuabe will be for the EV market. The majority 80% will be for high-end higher margin industrial uses.
I am hopeful, therefore, that TON will be largely insulated from the price declines that have beset some EV mineral markets, eg nickel and lithium.
Would like to see TON enter a downstream processing joint venture with a high-end industrial end user and get the direct benefit of those higher margins.
Just 20% of the output from Ancuabe will be for the EV market....
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