ASM and Hyundai are not in this for the giggles.
Hyundai is moving into offshore wind turbines
https://www.businesskorea.co.kr/news/articleView.html?idxno=51448
Hyundai plans to supply 7% of EVs
https://www.hyundai.com/worldwide/e...ing-7%-of-global-ev-market-by-2030-0000016802
Hyundai is securing rare earth supply and talking large projects in the US
https://www.drive.com.au/news/hyundai-fosters-closer-ties-with-australia-and-us-for-evs/
This is how the FEED deal with ASM was reported in SK
http://koreabizwire.com/hyundai-eng...processing-plant-construction-business/220930
The wind turbine industry is a massive growth opportunity and it needs vast amounts of rare earth permanent magnets. For governments planning to meet CO2 targets they will have to go hard with wind energy.... this video explains why
The share price is what it is... but don't imagine that it will determine the deal struck regards the funding of Dubbo. Hyundai wants reliable supply... for that they need ASM to be a profitable and reliable partner. They are certainly going to drive a hard bargain but they are never going to dick around with their multi billion dollar plans by trying to take advantage of ASM's current share price.
People are just being silly NOW .., page-28
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