RE:RE:RE:RE:RE:RE:cash to bank in cadsJCSunsfan wrote: metalhead666 wrote: TESLA buys finished goods not ore from a mine. They don't fabricate motors from scratch.
If a company--like Tesla--realizes its supply chain is in jeapardy because of a copper shortage, it is not unreasonable for them to buy a commodity company--like a mine-- to keep their suppliers in product and the asssembly line rolling.
This is not brain surgery. Of course, we mention Tesla only as an example. No rumors or indication of any specific company at all.
JC, correct, pure speculation, but if a JV happened, it would be for a reason, and a JV with an end user is a very good fit.
For example, Sojitz corp was the buyer of 25% of Gibraltar for 187M.
"As a general trading company, the Sojitz Group is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The Group also invests in various sectors and conducts financing activities. The broad range of sectors in which Sojitz operates includes those related to automobiles, plants, aerospace, medical infrastructure, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods, and industrial parks."
Sojitz corp profile
So with a possible constriction in supply of an essential ingredient to EV cars etc, guaranteeing supply by buying a piece of a mine that makes 99.9% copper, direct delivery, is not a horrible idea.
Does a company like Tesla actually make the motors and windings that use the copper? No idea, but that is who would be looking to guarantee their supply, "someone like that".
I hope there is no JV.
KW