We now have 91 battery fatories with almost 2TWH of capacity in...

We now have 91 battery fatories with almost 2TWH of capacity in the pipe, which is an increase of 50% since November 2018. With these rapid developments, you can see why industry experts are urgently calling for further investment upstream at the mines and converters.

The converters are under the spotlight atm, particularly in China. If we take a close look at Ganfeng, the US$440 mill raised from its HK listing earlier this year, a good chunck of that capital has been invested in developing mines (i.e. LAC $170 mill, PLS $50 mill, Bacanora $30 mill, thus total of $250 mill), instead of investment in conversion expansion. This IMO gives an insight as how the Chinese are thinking, locking up raw material supply globally, playing the long game at the expense of conversion capacity in the short term, as they are well aware the US and EU are now positioning to build out their supply chains, controll, controll, controll.

Some interesting stats - Did you know that 85% of those involved with shorting and manipulating markets come from families, where someone in the family knew/knows someone in the family. And the other 15%, well they are still coming to terms as to why their dog ran away.