SK Innovation Eyes $10 Billion Battery Bet After Major VW Order. Source: Bloomberg 11/1/2019
Here's another South Korean battery manufacturer about to expand 'big-time,' boosting capacity to 100 GWH. I suggest that they will need a lot of lithium to facilitate said expansion
In other news, presented as a main feature on our ABC news this morning (and to some degree on Bloomberg), much is being said about Jaguar and GM sacking staff. The journo's/authors are giving numerous economic reasons, but foremost in their presentations is the effect of disruptive tech in the form of Electric Cars and the necessary restructure. Clearly, this news (EVs) is starting to enter the mainstream news cycle with water cooler talk to follow, and therefore the collective conscience of the every day man. Given this phenomenon I suggest that many investors (other than we stalwarts) will start to look at lithium stocks with a speculative eye.
In my experience the long term strategist always wins.
re:Lithium demand surge, page-1144
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