Yes it will for the top end of the market no doubt.
But by virtue of the mentioned acquisition/majority stake, it now has ties to whoever supplies GH with carbonate.
I had a quick dig and couldn't find any connection between GH and Ganfeng.
Why go to Atacama... to shoot the breeze?
Read the comments from the VW representative carefully and with an open mind.
Nothing untoward there just smart business.
Ganfengs quarterly report is publicly available, some interesting notes about further expansions, could be a positive for their suppliers.
http://www.ganfenglithium.com/dongshihuizixun_en/ty
Interestingly they recorded negative operating cashflow in q1 2020. Could just be a timing issue and Covid impact but it does also show lower sales vs Pcp. Inventories are still hovering around the 6month mark, that includes both raw material and finished product.
Aimo
