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Originally posted by tacair:
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The information that Yahua is going to supply Tesla is very exciting for us and could explain some of the Tesla references in the AGM and other communications from the company of late. This development has potentially been building for some time and might explain some of SBs comments in one of his latest interviews where he thought that the lithium price could start to increase in several weeks (he was right). If he had some inclination that Yahua was going to sign an agreement for which they did not have the supply, by inference it is not a stretch to figure out that if deals like this are being signed without guaranteed supply, then prices are going to go up because this type of deal will not be isolated to just Yahua and Tesla. Obviously there were other indicators that he would have been aware of, but the potential first hand knowledge of this agreement would have only added to his confidence. I also have no doubt that Yahua would have been on the phone to SB to assess potential numbers coming out of the updated DFS (commercial in confidence discussions obviously).
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yep the looking to increase production capacity as a result of increased demand could be key.
(20min delay)