Great find Burty.
Volume PUREgraphite production starts in 2023 at 10,000tpa and expansion to 150,000tpa by 2030.
If investors are interested in buying defensive stocks with significant growth, it doesn't come any better than Novonix.
Electric Vehicles and Grid Storage Sector is the new oil boom. When you have a global market that is growing exponentially for the next 20-30 years and you are supplying the highest quality materials into that market, PUREgraphite anode, Electrolytes and Cathodes, HPC Testing and my favourite DPMG, these short term price fluctuations are just that.
Novonix has one of the best Management and Board of Directors on the ASX and NASDAQ for a reason. Their technology has already accelerated the adoption of Electric Vehicles and Grid Storage batteries by many years with Dr Burns HPC battery testing technology, that allows a battery materials company to validate how many cycles(Years or Kms) a battery will last in only 4 weeks of testing, compared to 2yrs in the past.
Who's materials do you think Pr Jeff Dahn is using here that lasts over 20,000cycles or 4.5million miles or 40+yrs on the grid?
All of these new comers to lithium ion batteries can thank Novonix and their BOD for their own successes, current and future, directly.
Pr Jeff Dahn, who invented the Nickel Manganese Cobalt (NMC) lithium ion battery, that makes up 80% of global battery production and Dr Chris Burns for his HPC testing equipment and evolution of the PUREgraphite anode material process that is being constructed right now in the USA.
All of these Nickel, Copper, Cobalt, Lithium, Rare Earths, Manganese miners around the world, not just the ASX, would not be as successful as they are, or will be without the incredible intellect, skill and perseverance of these people at Novonix. These metals price are at decade highs, because of them.
Novonix is a long term investment and always has been. In 12 months from now, let's review this current share price low period and compare where we are at with this exceptional company....
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