Dear JP Morgan, page-25

I read an article in the Fin Times with the CEO of Volkswagen saying they want to build a million electric cars a year by 2020-2025, and they intend to hammer Tesla because they can, what with their manufacturing capacity and so forth. I already knew they were looking to attack Tesla's position within the ev industry but the scale in which they intend to do it surely would tighten up lithium resources, along with so much else that seems to happening in the lithium world. Maybe Blackrock are jockeying for position to take advantage of this steely focus from one of the world's largest carmakers.