If we take a 30-40% premium we are looking at + 40c. You only have to look around the corner to see CATL buying in at a 40% premium in the DRC.
*Top Chinese battery maker CATL is looking to shore up supply of raw materials such as cobalt, prices for which have risen sharply this year.
*The sources said CATL had wanted to buy a stake of almost 20% and take twice as much cobalt but this was rejected by Jinchuan International, the Hong Kong-listed arm of state-run metal producer Jinchuan Group which mines cobalt in the DRC.
*CATL has already made several investments in miners producing battery metals, taking small stakes in lithium producers Pilbara Minerals and Neo Lithium Corp , as well as a near 21% interest in Greenland-focused North American Nickel.
*In April, a CATL unit agreed to pay $137.5 million for a stake in the Kisanfu copper-cobalt mine in the DRC, the world's biggest-cobalt producing country.
*To remind,
Food for thought
Frank
- Forums
- ASX - By Stock
- AVZ
- Running discussion on SP
Running discussion on SP, page-51927
-
- There are more pages in this discussion • 32,129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)