Lithium is THE largest raw material cost in an NMC622 "Lithium is now the largest raw material cost in an NMC622; RK Equity believes '22/23 are the years OEMs/cell companies will be forced into M&A/JV upstream lithium deals to secure future supply at prices closer to the L-T incentive price." This is but one angle supporting the lithium bull that’ll continue to drive LBNK value with their major projects including their 6.2M LCE at Boardwalk.
https://www.youtube.com/watch?v=tjvFZHG3iwU