Ann: Pause in Trading, page-31

I was reading recently that the automakers and battery manufacturers aren't too keen on African phosphate (Morocco) but you'd think US reserves and a few Canadian companies (Arienne) are in the box seat. African phosphate might end up being suited to EU gigafactories due to proximity.

But that's not to say that US automakers haven't ventured out this way to secure supply for other minerals. It's happening on a regular basis now and will only happen more after the US gov announced the IRA.

CATL, other big battery manufacturers and automakers are building gigafactories in the US to be able to get the subsidies so at some point you'd have to think AEV are in the box seat to secure an offtake from a Tesla/Ford/VW or CATL/BYD/SK/Panasonic etc. It would be a major disappointment if they didn't but baby steps first. We need to see that LFP SS.