According to a recent tweet from Simon Moore's, To control costs of batteries implies going forward, you need to dominate the supply of the raw materials and figures in order to do that they will need to get into mining. I would say that it's pretty safe to be in lithium, nickel, copper and cobalts.
I don't know what's in the make up of the alternates to LIon but it looks to me like one of the largest auto makers in the world is telling us something. There will be big and exponential demand on existing abundant reliable sources of nickel lithium and copper......but cobalt is the wild card and we know it's not and can't be eliminated any time soon.
not suggesting that VW is an NDA holder at FT however ....VW is only one of many end users who all face the same problem of risk of supply of Cobalt. Our advantage is we have a great deposit loaded with battery and electrification metals and enough gold to over time, pay for all the mining and processing facilities and then some. I see gold creeping up again and there could be a surprise there as well.
if we can sort this darn processing issue partner or otherwise we could be a target of something much bigger than we think....just saying ...keep the faith,