A good thing that one fifth of Gangfengs annual LiOH production goes to Tesla and a deal with LG Chem for over 90,000 tonnes of LiOH over 5 years.
LG Chem have car manufacturers queuing up for long range batteries in fact they are blaming LG Chem for not making them fast enough.
I googled Tesla U.S. It is a 10 week wait for a Model 3.
Fortunately the market AJM sells their product to is in a growth phase.
GANGFENG love AJM spod.
I wouldn't want to be a lithium mine running around trying to get new customers atm or unable to produce at low cost.
As people we may have to accept chronovirus is here to stay and shutdowns are more detrimental to everyone.
AJM Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
