Understanding lithium demand, page-367

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PASBOZ

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15/06/19

15:37

Post #: 39074989
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Originally posted by PASBOZ ↑

Prince still has not confirmed if he has the funds But once the Met tests confirm the quality of lithium .
AVZ will be able to negotiate to interested majors.
This is insane .... thanks to Corbeaux In.
Yes the discussions with Huayou Cobalt are non binding ,well with Evergrande in the market who needs HC.
Will be sending this link to AVZ Twitter.
all imo

https://electrek.co/2019/06/13/chinese-firm-evergrande-electric-cars-batteries/

Evergrande, a Chinese firm believed to be the biggest real estate company in the world and backers of electric vehicle startups like Faraday Future and NEVS, announced a massive $23 billion investment in the production 1 million electric cars and 500 GWh of batteries per year.

The company is known for having its hands in many different businesses in China and overseas.
With a valuation at more than $100 billion and revenues of over $40 billion, Evergrande is now looking to expand into electric vehicles.
They have been making moves in the space for years with a large stake in Faraday Future for $2 billion and another $2 billion to take control of NEVS, SAAB’s all-electric successor.
After acquiring large stakes in those electric vehicle companies, Evergrande claims to have “acquired key technologies in the sector” and now plans to launch its own production of electric vehicles in China in a big way.

Expand

https://www.marketwatch.com/investing/stock/3333?countrycode=hk

Has the financial capacity to invest 23 billion but that 500 GWh must be a mistake or misunderstanding by the reporter.
no way can it 500 GWh that would be 5 times the size of CATL projections by 2025.
But with recent news of VW / Toyota and 70 gigafactories expected to enter into production before 2025
the lithium/ hard rock spodumene will be in demand.
Manono will be in demand.
ALL IMO

AVZ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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