Critical Elements Lithium Corp V.CRE

Raw materials, the limiting factor to EV production

[tinker901]

When raw materials prices go up, lithium ion battery prices go up, and EV prices go up.

In 2015, raw materials were 40% the cost of a lithium ion battery. Today they are 80%.

And supply is looking tight out to 2030, so it makes sense that EV makers are dealing to lock in offtake and prices.

This month Tesla signed a binding four-year offtake deal for 110,00t of spodumene.

concentrate from Core Lithium’s (ASX:CXO) Finnish mine in the NT which is due to open in late 2022. Last month the carmaker signed a five-year deal with Liontown (ASX:LTR) from its Kathleen Valley project in WA.

Critical Elements has two aces in hand and the two other aces have already been laid down with the Flop and Turn. Just waiting for the River (COMEX) and we are all in.

GLTA