Hanwa is the 'trading arm' but can it also be considered the anode maker?Renascor has 3 x non-binding Offtakes. Their
PSG bankable Offtake strategy which involves working directly with anode makers has paid off so far and, with additional potential Offtake agreements in progress, we can only speculate that there is a lot more great news to come.
In regard to this Offtake with Hanwa, from the western viewpoint, it is the trading arm of the anode and battery market. However, from the Japanese perspective its function is integral to the anode making market and therefore you can say that it is one and the same. Let me explain:
The unique thing about Japanese business culture is that there is no individual. Unlike in the West, Japan has long-held etiquettes and protocols in place which have enabled it to evolve team orientated environments based on defined boundaries — this is your job, this is my job. This is so entrenched in their culture that the relationship between each role is inseparable and consequently rewarded as a whole.
Western organisations which are versed in divisional aspects of commerce such as wholesalers, traders, financiers, sales departments, manufacturing etc, may by contrast not appreciate this subtle difference but for Japanese business it is everything. So when the west has any dealings with Japanese companies, the trading arm is an integral part of their overall business that you are dealing with.
In that light, Renascor’s Offtake with Hanwa could be considered in such a way — I certainly think so!
Looking forward to a promising week of potential. DYOR GLTAH
