More writing on the wall? There is no doubt of supply chain issues related to electrification, the facts are on the table and well known regarding battery metals and rare earths .....I would be surprised if that was not a near #1 topic in the Trudeau Biden talks which leads to the question of what is going to be done about it and for us where FT fits in this bigger picture given we have some of the goods and at the cusp of being a development. Interesting read.
https://www.cnn.com/2021/02/24/politics/biden-executive-order-review-supply-chains/index.html
the issue of supply chains is news at every level
....."Cobalt, lithium, nickel, and other minerals and metals used in EV batteries have become very hot commodities, so hot, prices have rocketed to 52-week highs. Fueling the rise in prices is an announced surge in lithium-ion battery production as automakers from Tesla to General Motors and Ford dramatically increase EV plans over the next decade.
“To make the batteries the world needs in 10 years, the industry will need 1.5 million tons of lithium, 1.5 million tons of graphite, 1 million tons of battery-grade nickel and 500,000 tons of battery-grade manganese. The world produces less than a third of each of those materials today. New battery materials sources are highly valued and desperately needed,” said Sam Jaffe, managing director at Cairn ERA, an energy consulting firm. ..."
https://www.cnbc.com/2021/02/23/former-tesla-exec-inks-new-recycling-deal-as-battery-costs-soar-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message
Hard to imagine that our FT project is not a well known target it's my hope a processing solution brings with it the partner we have been waiting for.