https://www.reuters.com/article/us-sk-innovation-batteries-exclusive/exclusive-sk-innovation-in-talks-to-set-up-ev-battery-jvs-with-volkswagen-china-partners-idUSKCN1RM0FR
Interesting article for those who have not seen it.,(released 10 April 2019) Includes quotes from YS Yoon President of SKI battery business copied below;
......Cobalt is primarily mined in the Democratic Republic of Congo, but SK Innovation is also sourcing cobalt from Australia and extracting the mineral from waste batteries, Yoon said......(good AUZ presume? - ).....
However next line Yoon states:
“I expect we won’t need to secure fresh cobalt after 2025,”
So I' m asking where else does SKI get cobalt from..does anyone know?
I'm assuming processing plant will take at least year plus to build ....production at best by end of 2021. So if SKI has other suppliers of cobalt why would it fork out $$ to help build mine/processing plant when by 2025 it does not intend to source fresh cobalt?
https://www.reuters.com/article/us-sk-innovation-batteries-exclus...
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