A combination of things excluding the fundamental which is VUL will be producing Li chemicals in 2024 in Germany for EV ESS battery makers, who will be buying VUL Li in preference to other sources.
The reason being, consistant quality and the financial benefits in the E.U. of buying a 0 Carbon European Li in comparison to buying Li from other sources with no incentives for them or up the customer chain.
VUL sits right in the middle of all the strategies currently being put in place atm in the E.U.to incentivise such projects and then the continuing carbon credits, etc.
It would be nice to see an acturist do the sums for VUL
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