The barriers to commercial production and so on have more been regulatory and legal to my mind. We know TLG has been working on qualification with customers. The constant appeals by the Sami and their cronies are what have prevented much progress, including funding and offtakes. The CRMA will help address both of those.
It is a fallacy to state because it has taken TLG so long to get to where it is now, that it won't get into commercial production sooner than two years. But maybe that is my optimism bias. I bought for 2030. This has always been a long hold for me.
I agree the battery sector has been challenging. There are headwinds. But geopolitically, Europe has woken up. It is realising it needs to be be independent of China (and its dirty graphite) and the US for protection. Both of those play into TLG's hands.
If I have any concern, it is that the EU, particularly Swedish, bureaucracy moves at a snail's pace. The CRMA will hopefully help get some key decisions made in TLG's favour.
TLG Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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