Another example of SK INNOVATION (57th fortune of 500 world biggest co) building a giant battery factory to meet the increasing demand of EV in Europe. They recently signed a binding offtake with AUZ for 7 yrs and possibly 13 yrs of 12000T cobalt pa supply. They will need more cobalt than what the deal with AUZ.
Check out below
https://pushevs.com/2018/03/10/sk-i...ceremony-for-its-ev-battery-plant-in-hungary/
BMT fundamentals, page-91
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