AUZ 0.00% 0.8¢ australian mines limited

Setting up for breakout ?, page-232

  1. 269 Posts.
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    'An attempt by one of the world’s biggest carmakers to secure long-term supplies of cobalt for its push into electric vehicles has been shunned by leading producers of the metal. Volkswagen issued a tender last month seeking a minimum of five years of supply at a fixed price, according to people familiar with the process, but struggled to find any takers. The carmaker put off miners by suggesting a price that was well below current market prices, which have jumped by more than 80 per cent this year, the people said'.
    Its only a matter of time, this is not a short term play, give them time.
    Just my opinion.
 
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