Samsung bid to become 1st resource developer

"Samsung SDI said its leading position in the world’s small lithium-ion battery market seemed to have been a major factor in advancing to the short list. Its local peers LG Chem Ltd. and SK Innovation Co. are keeping a close eye on the deal’s progress as it is the first time for a Korean battery maker to jump into the resource development business to secure raw materials."

This is what Keith Coughlan has been saying about the partner who EMH are in discussion with.

It is about securing the lithium. Holding the asset eg Albamerle SQM FMC etc allows control and derisking of the mining.

In Cinovec's case EMH also have TIN @ $22,000 pt to derisk the asset.

Tesla, why did you sigh and further belittle the point being made ?

After all it is what Keith is saying discussions are in part about, not a miner taking the asset on but a non miner doing so.

You seem down about it? I personally think the Samsung are making the right call. Maybe others are better fitted to that particular deal, but if they want to secure supply that way then great for them.
Offtake is offtake and if they want to pay to mine too then hey lets split the Capex and Opex on our deal ?

Sounds good to me whoever it is.