how realistic is another offtake deal with Hyundai / KIA? 1500 tonnes of ndpr from 2027-28 is enough for about 750,000 EVs (assuming 2kg ndpr oxide per EV). Hyundai/KIA have stated that they are aiming for 1.44 million EVs p.a. from 2030 (https://www.autonews.com/manufacturing/hyundai-kia-plan-invest-165-billion-ev-production-south-korea) so that is about 50% of their NdPr requirement from one offtake.
i think ASM have been really outmanoeuvred by ARU with this offtake. ASM have been negotiating for so long, tried so hard to get a relationship going with Hyundai, only for this to happen.
Ann: Institutional Placement raises $30m and SPP commences, page-184
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Mkt cap ! $94.29M | |||
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