I think this should be mentioned one more time....The Guru =...

I think this should be mentioned one more time....


The Guru = Reporter Soyoung Oh] Canadian lithium maker Sayona visited Korea and announced a meeting with domestic battery companies. We are seeking cooperation with the battery industry, which is showing high interest in securing lithium. Sayona said on the 17th (local time) on LinkedIn, a business SNS, "There are players who are active in the battery industry in Korea." "The delegation is starting a series of meetings there."

Founded in 2016, Sayona is a joint venture between Australian lithium developer Sayona Mining and Piedmont, with 72% and 25% stakes, respectively. Four major lithium projects are underway in Quebec, Canada.
Last year, it acquired North American Lithium and is growing in popularity. It is noteworthy whether Sayona will meet with the domestic battery industry such as LG Energy Solution, Samsung SDI, and SK On to promote supply while visiting Korea. Lithium is a key raw material for cathode materials for electric vehicles. With the growth of the electric vehicle market, demand is skyrocketing and prices are soaring. According to SNE Research, a market research institute, as of March of this year, the price of lithium carbonate rose by more than 1,000% compared to November 2020. China, the world's largest lithium processor, is no exception. Asian Metal, a price information provider, analyzed that lithium prices in China surged by about 472% in the nine months from the low in June last year to the record high on March 15th. The battery industry is working hard on supply and demand for lithium. LG Energy Solutions invested in LG Chem and Li-Cycle, the largest battery recycling company in North America, and signed a contract to purchase nickel sulfate last month. About 20,000 tons of nickel sulfate produced at the Rochester hub in New York will be supplied for 10 years. Recently, it also partnered with an Australian mining company, Liontown. It will be supplied with 700,000 tons of lithium concentrate for 5 years from 2024 to 2028. Samsung SDI invested in Ganfeng Lithium, the largest lithium company in China, in 2019. The following year, through the Tech Project of QPM, an Australian nickel and cobalt smelting company, it decided to supply 6,000 tons of nickel annually for 3-5 years. In 2019, before SK Temperature's spin-off, it signed a long-term lithium hydroxide supply contract with Tianchi Lithium Quinana (TLK), a subsidiary of Tianchi Lithium in China. Australian Mines (AM) secured 60,000 tons of nickel sulfate and 12,000 tons of cobalt sulfate for 7 years from 2020