Graphite Prices, page-193

For the Japanese, price is important but it is not always the most important consideration. Existing relationship takes preference. Also, a Japanese investor generally do not back out due to valuation related issues, if all other factors are to their satisfaction. Source PWC.

Therefore, when it comes to price, the recently announced Hanwa / Honda deal becomes very interesting. Could it be seen as a kind of an unwritten contract to RNU? Here's why I think so:

Not only has Honda announced a partnership with our partner Hanwa (based on ’its strength in resource procurement') but it has additionally announced a joint venture with Dongfeng Motor Group and Guangzhou Automobile Group to procure batteries for fully electric vehicles by the end of this month. This latest change will allow battery procurement to be centralised through the soon-to-be-launched joint venture to increase efficiency. See source.

When you consider that Japan has a distinct business culture which makes dealing with them a little bit more special, any decision making process and considerations for a foreign buyer is usually done with a long term vision in mind.

The global Anode Materials for Li-ion Battery market competition is intense. However, Hanwa / Honda may be 'upping the ante'.

All IMO, DYOR, GLTA(patient)H