Because the battery manufacturing industry did not know which battery technology would be used predominantly.
Another reason was that the true supply / demand dynamics with regards battery materials were not fully understood, they thought there would be more than enough supply, this has now been proven to be incorrect in the case of nickel and cobalt to a lesser degree.
Some of the more recent catalysts have been the adoption of EV internationally and the rollout of manufacturing both cars and batteries on large GIGA factory scale.
What we are seeing now are the competitive wars with regards enforced change, company survival and market share wars for dominance or oblivion are in play. This is on an international scale that has passed the point of return.
The investment market is now satisfied that it is safe to enter the space as the technologies are now accepted and welcomed by most end users.
RED
ARL chart, page-1531
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Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $92.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 45.5¢ | $22.77K | 50.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9327 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 6697 | 2 |
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| Last trade - 10.39am 26/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |