Now you're talking!
Energy storage is a growing market in Australia.. In fact globally
So to find a way to join in and sell our own product into what is a growing market makes sense also @Jubbo70
Way back Galaxy pointed out that from $1 worth of spodumene a $500 battery is produced.
Whilst battery prices have come down due to various reasons such as automation I do see it as a way to increase value from rocks or brine and maximise the company return.
Though I would be curious why Galaxy wouldn't play a partnership in a battery factory..
If it was that they provided the lithium but secured a royalty.
My perspective is bounced between the idea that Panasonic will miss out... To they will be a part of one of our assets and as Matt Bohlsen pointed out Volkswagen. - These guys have to do something to turn their global perception around.
Galaxy holds the cards.. They are building another asset and the other is in a country that is favourable towards mining.
But then we have a mergers and acquisitions team.
The benefit of the Tesla Gigafactory is that Panasonic wanted to sell more batteries.. It was also their reason to partner with Tesla.
That's a big thing to be excited about.
Selling more batteries.
I feel sorry for the executive that misses out on that ability...
"sorry we don't have enough lithium for that"
"can't we just buy from Albemarle or SQM OR SOMEONE!"
"No they are all sold out..."
And that's where my question is...
Talk about holding the cards...
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Now you're talking! Energy storage is a growing market in...
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