General Discussions, page-21718

This article found by @Topo needs to be re-posted in this thread.

It appears to me that, RNU is closer than ever to securing a binding offtake with either POSCO or HANWA. This latest development between the POSCO Group and Japanese automaker Honda (HANWA has an MOU with Honda) shows that the multinationals are prepared to put differences aside and reposition themselves to take control as one united force.

As I’ve highlighted before, the game is not about us, it's about the multinationals repositioning and rebuilding alliances and supply chains in a post CV19 world. This MOU between these two giants goes a long way to ensure that because POSCO now has a backdoor to the US-Japan trade deal, to combat the US-IRA which was an impediment to their decades long investment in ASEAN countries. As per the article below:

‘POSCO Group and Japanese automaker Honda will join hands in the electric vehicle (EV) business. Their cooperation will range from procurement of anode and cathode materials for batteries to battery recycling.’

'The two companies will also examine ways to develop a joint response system based on POSCO’s capabilities in the secondary battery materials business and Honda’s mid-to long-term global electric vehicle business expansion strategy in response to the U.S. Inflation Reduction Act (IRA) and the European Critical Raw Materials Act (CRMA).'

'This agreement is expected to accelerate POSCO Group’s secondary battery materials business. POSCO Group aims to build a production and sales system by 2030. The system will produce and sell 610,000 tons of anode materials, 320,000 tons of cathode materials, 300,000 tons of lithium, and 220,000 tons of nickel, empowering POSCO Group to rack up 41 trillion won (US$31 billion) in sales in the secondary battery materials business alone.'
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Now they both can invest with confidence.

There is no other advanced PEPR-approved project that fits all the green-ESG thematic criteria but RNU.

Exciting times!

AIMO, DYOR, GLTA(patient)H