-SK has signed a contract with Tianqi (Kwinana) for 50kt hydroxide from jul1 19 to 2024.
-LG signed a five year contract with Nemaska. LG will be up the smelly creek with Namaska not starting.
-Global EV carsales up 31% yoy while ICEs falling.
-71% in UK want an EV as their next car.
-Battery production is increasing 30%/year and chemicals not matching demand.
- Audi has publicly stated there's is a shortage of batteries. The supply chain is place to be. ----------------------------
Around 4,360 plug-in electric cars were registered in March 2019 in Sweden, which is a new all-time record, way above the previous best of over 3,000 in November 2018.
The year-over-year growth amounted to 64%, while the market share reached a new record of 14.7%! Almost half of them were BEVs, thanks to the Tesla Model 3.
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Coles insurance can play with one's mind. Instead of down down, its better to spend the time learning to improve ones portfolio.
GXY Price at posting:
$1.98 Sentiment: Buy Disclosure: Held