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13:50
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Originally posted by Hhy
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Huayou had announcement yesterday, sorry that I can't translate the whole ann. It was saying that the Li price is increasing consistently, so as the demand for EV. In Q4, they will focus on Stabilising The Supply Chain of Li Resources. Also, other big company in same sector in China are shifting their demand to extract Li from rocks as it is more cost effective. More importantly, the fifth last paragraph of the Ann mentioned that "according to insights, big Chinese companies are negotiating the supply contract for next year".
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'China are shifting their demand to extract Li from rocks as it is more cost effective'.
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