The giga factories and the EV manufacturers really need to step up to the plate quickly to JV or whatever is needed to finance or help finance the battery metals. I agree, as all decent and half decent projects will be needed in 2025 and beyond. However, Robert Friedland said the OEM's and cell makers do not want to be directly associated with the mines, so your point is mute, meaning the miners cannot rely on finance from downstream.
Furthermore, you are only focusing on EV's, there is strong demand coming from ESS and other battery applications, so there maybe investment from utilities, oil/gas coys.
Anyways, I will be sticking with base load projects, off which there are only 6 in operation globally at present. Those majors will expand as required, they have the runs on the board, thus sustainable supply due to lower cost profile, locking the small plays out.
Good News & Bad News, page-10518
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$2.99 |
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