Japan’s Mitsubishi is toying with the idea to invest directly into lithium and nickel mines to secure the raw material supply it needs to electrify fleets and meet rising demand for EV batteries.
Mitsubishi mineral resources group CEO, Satoshi Koyama, made the call at an analyst meeting, flagging Canada and Australia as two potential location options as they both “meet the criteria of safety from the perspective of geopolitical risk and access to renewable power”.
According to Reuters, Koyama said if the sale of the Daunia and Blackwater metallurgical coal mines in Queensland comes through, Mitsubishi and joint venture partner BHP (ASX:BHP) may allocate cash into growth segments such as battery metals.
WR1 General Discussion, page-11175
-
- There are more pages in this discussion • 20,562 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
61.0¢ |
Change
0.040(7.02%) |
Mkt cap ! $131.9M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 61.5¢ | 57.0¢ | $322.8K | 540.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7322 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 24244 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |