I even think INF is able to win in court but will no longer push for it. With a lose and a shortly following new underground mining permit a much better way is chosen and every ones face is kept. Spain needs a lithium source to guard Seat successful through the transition into the electric age. Too many workforce at stake here. In Germany the same too by the way. The car industry will rapidly change next year's faster than anytime before. The cards are given nearly new to all legacy car builder and new challenger. A lot of people don't understand the situation even till now and will be wondering how many people and maybe they itself will loose their jobs in the next year when EVs impact hard. Just to understand that a electric motor has a level of efficiency of 97% says all you have to know versus 30-40% at ICE.
We in Germany will loose a lot of workforce at car builders and the huge industry arround. Watch at the new Giga at Grünheide how progressiv automatisation is, its unbelievable. The situation for legacy car builders is serious and the people in power have to act fast to save their own car industry, in europe for example VW daughters like Seat-Spain, Czechia-Skoda. A lot of workforce and future at stake and the Chinese are giving the pace in these field. In the interest of Spain and Europe there is only a green light permit for the underground mining other way there will be unforeseeable unemployment and supply issues what makes Europe totally dependent. Infinity is even only a peace of puzzle to solve the problems. Politics must go hard now for raw materials or Europe will be soon insignificant. Time for sophisticated talk is over serious challenge is coming.
INF Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
