IMHO, vertical integration by supply-conscious battery manufacturers will drive many acquisitions across EV metals.
A resource, like AZL in the battery corridor of the USA - Arizona - would be particularly conspicuous (as a supplier or purchase) to cashed-up local US battery manufacturers such as KORE Power who are now building a manufacturing plant in nearby Phoenix.
But, as we all know, lithium is hot property WORLDWIDE. Competition amongst global manufacturers for lithium – will also make early days plays here in Australia – QXR, NAE and RAG – highly attractive JV or acquisition targets. It's exciting times for these small caps outfits.
Acquisitions by majors looking to move into Lithium are already a reality. We just saw Rio Tinto buy the undeveloped Rincon deposit in Argentina for US $825 million. Notably, Rincon inn yet to produce lithium carbonate, it merely has a pilot plant to prove their new extraction method viable.
Who is to say that the wealthy neighbours of QXR, NAE and RAG are not already peering over the fence!
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Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $8.871K | 555.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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45 | 12597869 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.6¢ | 526376 | 4 |
View Market Depth
No. | Vol. | Price($) |
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45 | 12597869 | 0.015 |
59 | 15413529 | 0.014 |
19 | 4211761 | 0.013 |
10 | 4258696 | 0.012 |
8 | 4552000 | 0.011 |
Price($) | Vol. | No. |
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0.016 | 526376 | 4 |
0.017 | 4287901 | 18 |
0.018 | 3376831 | 13 |
0.019 | 3104989 | 10 |
0.020 | 1814125 | 10 |
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