29bn USD over 2024-25-26-27-28, ie almost 6bn USD /year (!) to diversify away from the Chinese supply chain. The South Korean govt seems extremely serious about this issue. WR1 will likely benefit from a geopolitical premium on M&A.
Bloomberg's coverage of the 29bn USD initiative highlights the often-overlooked fact that they've also set up a 1bn won fund (1.125bn USD) to facilitate Korean companies securing offtake and/or buying foreign critical minerals resources.
https://financialpost.com/pmn/business-pmn/south-korea-offers-29-billion-in-aid-to-battery-makers-amid-metals-war
South Korea Offers $29 Billion in Aid to Battery Makers Amid Metals War
"Korea’s government also plans to raise a 1.5 trillion won fund to help firms secure minerals and expand their production overeseas."
WR1 General Discussion, page-28110
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Last
$1.06 |
Change
-0.005(0.47%) |
Mkt cap ! $201.2M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.10 | $1.05 | $507.3K | 473.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15943 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 6000 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.005 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.05 | 54241 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| WR1 (ASX) Chart |