Blue whales out in force 3 mill capper gone at 5c!!!....now 5.1C
Is that Kikker?
Penny has dropped!They realise the Yibin deal is real....negotiating offtake now!
Also pays to realise who Yibin is....supplies CATL....the biggest lithium ion battery producer in the world....and from Yibin's website with their plans to dominate the hydroxide market:
Market advantage: "The project initiated by Fang Ningde era is the world's largest (accounting for global ⅓ or more, the Chinese market 50% ), the most advanced technology, the quality of the most stable and reliable lithium battery manufacturers, battery grade lithium hydroxide is the largest enduser." PRESS HERE.
Seems AVZ with the largest homogenous and at surface high spec spodumene deposit in the world would fit this company to a T! and be right in the sweet spot when it gets into production!, when the EV/battery storage revolution really takes off and demand for high grade battery spec lithium will be at a premium!
Also from today's announcement:
Managing Director of AVZ, Nigel Ferguson:
“Yibin Tianyi’s intention to become one of the largest hydroxide suppliers in China certainly compliments AVZ’s vision of developing the largest hard rock lithium deposit in the world.”
go here
Interesting also is the 10 billion contract of BMW with CATL.....Yibin want to be the largest hydroxide producer in the world....
Again, join the dots!!!
P.S.
Personally I know that AVZ's product is highly desired(already can produce SC6 without beneficiation), needed for new generation batteries. It is therefore why I am solely invested in this lithium company as I see the writing on the wall. High grade, battery spec lithium is what is required to make new generation batteries work!
AVZ's size(economy of scale) and the fact that its lithium will be cheap to process with the lowered cost of an added tier one tin resource will also give it the potential to be the cheapest lowest cost producer globally ,and therefore, AVZ could potentially control lithium pricing and supply!
Therefore, it is why I have not invested in WA inc like PLS. I see the problems of bringing inferior spodumene up to spec...cost, and efficiency(processing nightmare!) problems! I believe that longer term the largest and cheaper producers of high grade lithium will swallow inferior quality high cost producers!
Now, even if I believed in PLS I would at least have the business acumen to hedge my bets and realise the possiblity of my scenario playing out, and that is why if I was a PLS holder I would at least sell some to come here if that nightmare scenario that I believe will happen comes to pass!
AIMO
(20min delay)