TAKEAWAYS from call just now with new CEO:
1) New Czech government is ‘Very supportive’ of the project. New CEO just met with Czech ministers last week. He then reminded of the existing tax credits the project benefits from.
2) He says he’s fully committed to get offtakes this year.
3) He says that until recently OEM focus was on lithium and nickel. This is now changing. The High purity manganese market is due to be turn into deficit this year.
Bullet 1) is to me absolutely key. So far we had heard nothing from the new government about their stance on battery metals mining. This to me was a key reason for the huge underperformance of both EMN and EMH last year and until now.
This lifting of this uncertainty could be game on for both.
Ann: EMN Corporate Presentation February 2022, page-2
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