'Volkswagen nominates further battery cell supplier - SK Innovation', page-19

Delcos 66-Nice post
The SKI agreement with VW most welcome but not too unexpected.VW like all european manufacturers have 2 concerns about concentration.
1 The concentration of product sourced from the Congo and its inherent sovereign risk (child labour IMO is overated because Glencore will be able to provided clean certification documents)
2 The concentration of product controlled by China
They are going to spread their risk around and we help mitigate it perfectlty but it wont get us a better price .What I hope it might do is get us some more funding .In AUD terms VW investment into EVS is already past the 100 billion mark so they are not scared to spend
AUZ have already stated our prelim bfs is not as exciting as they would like and hinted that the final bfs will be based on larger through put Drilling is happenening to prove the feasibilty of this .
I think all things are pointed to a mucher bigger Sconi and then opening of Flemington.What need to happen now is for our partners to step up to the plate.We do not need them for us to be able to sell our product .We can sell all we want with or without them at market price..Their main advantage will be facilitating finance and maybe VW could assist here .Forward purchase of battery Co and NI would be one way.lithium developers managed this
All round excellent news .Expect some clarification at next weeks agm.