Look out- it’s the head spinning ‘trillion won’ attack. Divide that number by 800 & we get US$1.25 billion.
SK are getting in to China? Smells like cost cutting perhaps partly thanks to Korea being dropped by the world’s third largest economy & the biggest in some sectors- Japan.
China/some Korean companies are not very interested in ‘ethical’ materials because they can look to the Chinese market. One of the world’s lowest return consumer markets by sales unit.
If it was a well know/more visible company like Samsung or LG it would be a different story but SK is unknown to 99% of end users in the West- phone/car etc consumers.
Finance this month? Great. No finance this month? Possibly even better, after a bit more pain if SK are told to walk.
It is painfully obvious after all the big talk of the last 18mths that SK needs to be dealt with from a position of strength- not saying one needs the same firepower but needs money in the bank & more than the cobalt story up its sleeve.
The heat is on! Tick tock, tick tock. ( am I the only one with a sense of double/triple deja vu? ).
Esit: SK will supply Ferrari? One of the lowest sold cars in the world won’t do much for any mine.
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