Since mid-2020, I think one of AGY's most undervalued (frankly,...

Since mid-2020, I think one of AGY's most undervalued (frankly, un-valued) asset is its geographical access. Accesses should value even more in an environment of strict border controls and where the majority of commercial dealings are done face-to-face, handshake-to-handshake, such as Korea, Japan and Taiwan.

Foxconn, ranked 22nd of FG500 in 2021, is based and headquartered in Taiwan, and will be hosting their annual Tech Day (HHTD21) on 18 Oct 2021. Trailer (https://boba.ettoday.net/videonews/284646?from=pc_playershare).

Foxconn is the world's next seriously fully-funded EV mass manufacturer, highly vertically and horizontally integrated, selling from EV's to platforms (MH) to battery packs to parts. Foxconn funded 51% with another Taiwanese conglomerate, Yulon 49%, to establish Foxtron. Yulon is a very close and intimate partner with Nissan, Mitsubishi, Renault and GM. See: https://www.foxtronev.com/en/

This is taste of what their EV looks like, which is designed in Europe, planned to be manufactured from 2022 (courtesy of: https://money.udn.com/money/story/6/5745091)



Even better, Foxtron partnered with the legendary designer Herik Fisker to produce Fisker EVs in USA and Europe from 2022, ramping up to 5,000 cars/month in early 2023 and aiming for 250,000 cars/year at 100% nameplate.

https://techcrunch.com/2021/08/05/fisker-foxconn-ev-partnership-moving-faster-than-expected-ceo-henrik-fisker-says/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHMg0cPLPhhvwT5bCNXy23Cf8ZT6QpOnCIo3xFkPhrYGL5bT6rDtmacrAowNzCaEjVIsbneBybVbll8z4634wRY00AeRkKxu2FajoEGeFtiPjJOVzkChejZA8s726t69A2JeS0OinUhol-1DDEVwOJK9pCGpO1weJ5_KHvUQempp

What's AGY has to do with the 3F's, Foxconn/Foxtron/Fisker, one might ask?

Geopolitical, in short.

The 3Fs and Taiwan require a stable and reliable supply for Li2Co3 (or LiOH, even better) outside of China's control, which smooths the profit-eating price fluctuations in China, avoids unpredictable (sometimes weird) government doctrines, in order to establish financial stability and predictability for mass production. They don't want spodumene; converters and constructing converters are never part of their roadmap.

Their road to 2023 can easily be cut off when and if they use a Chinese dominated battery technology. They knew it from the beginning. That's why Foxconn funded with Yulon, and not other much larger Chinese car manufacturers.

In fact, only 21 hours ago, Foxconn terminated its EV JV with the Chinese-backed Byton EV, and is now 100% fully committed to Foxtron//Fisker.

Coming home to my initial argument of AGY's undervalued & unvalued access to Foxconn in Taiwan, if AM (who is in Taiwan) doesn't show up in Foxconn's Tech Day in Taiwan on 18 Oct 2021, then sadly the market will be correctly pricing a worthless presence of a Chairperson in Taiwan, where no other Li2Co3/LiOH companies can access under the current border restriction.

I can only hope to be pleasantly surprised.

DYOR IMO