Electra Battery Materials Corp V.ELBM

Tesla - battery material shortage

[WernerD]

https://www.mining.com/tesla-hit-by-battery-shortage-amid-rallying-lithium-cobalt-nickel-prices/

Elon Muscle maybe under time pressure here.
Either he brings his predicted great battery technology quickly into the field, or he tries a little more to ensure a proper supply of cobalt... The price of which is further developing wonderfully above.
The competition (Money;) never sleeps

[Skantor18]

I can honestly see a strong OEM contract with First Cobalt Corp.in the comings months.  A Hedge against the rising prices.  If not Tesla then a gm or Ford.  Trent is doing is job as CEO.

[Toront]

How did you know about this?

[David123]

Yes and no. We need to keep our eyes on cathode makers not automakers. The supply chain is: Miner -> refiner-> cathode producers -> ev battery maker -> automaker Huge ev battery makers are in the middle of constructing their plants and cathode producers are opening up offices in NA.

[TennisStar]

Agree Skantor - I believe an OEM announcement is coming in our fairly immediate future (Q1). I would be surprised if not.  Totally with ya - GM, Ford or the big "T" (Tesla) :)

[WernerD]

TennisStar@ FCC will close the offtake contracts with OEM, maybe not Q1 but according to announced time shedule flanked with the closing of the balance financing regarding the recommissioning and start of the renovation work of the refinery. As a result of the spike in cobalt prices, Iron Creek is likely to do something soon. And the rise in silver is very good for us too, I think. Just my