This is huge news again for the junior ASX cobalt co's! No doubt flow on effect from the large deals written over the last few weeks (Glencore with GEM, and more VW with battery producers).
"The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tuesday in Berlin. The German manufacturer’s plans to build as many as 3 million of the cars a year by 2025 is backstopped by deals with suppliers including Samsung SDI Co., LG Chem Ltd. and Contemporary Amperex Technology Ltd. for batteries in Europe and China."
Samsung, LG Chem and CATL - they've got supply agreements, now they need to firm up raw material supply quick smart to ensure they can fulfill their contracts.
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