A word on Vertical Integration, which went out of style, but is...

A word on Vertical Integration, which went out of style, but is back big time in certain sectors, mainly forced by supply chain disruptions the past two years. A small mob called CRL are vending their spherical graphite project in WA into a tech company called International Graphite. Why? VI. They are going to provide micronised anode product to the battery industry and they want to own the whole chain, because that's how you turn raw black rock into money.
CRL are late entrants and have had the chance to look at all models. VI is the way, if you are confident in your tech.