RE:RE:Rio Tinto the First (Part II.)Think what you want. As I said, you didn't understand M2CAM and its impact on the supply chain. Here is an excerpt from seekingalpha:
"The purchase of 4.9% of Nano One allows Rio Tinto to dip its toe in the company and form a close relationship. If Rio Tinto starts to appreciate the long term picture and the technology, it is a possibility we will see a buyout eventually. How long is anyone's guess. In a recent interview by "The Armchair Trader", CEO Dan Blondal had this to offer:
Rio is wanting... access to the know-how and the knowledge, without really going that far downstream. So supporting... a potential customer, a potential partner in the future is a big part of their strategy. I'm looking at this as they dip their feet into the various battery materials. We've come with a solution that actually provides them a bridge from, let's say iron powders going into internal combustion engines to iron powders going into lithium-ion batteries. That bridge is really important for them as the... while sort of EV evolution as the net zero sort of movement changes what their products are being used, and it's gonna be... very important for them to have that kind of flexibility in their supply chain."
Dan discusses what each side brings to the table:
For the world to get to, you know, all electric vehicles the supply chain has to move, it has to grow up from, as I say hundreds of thousands of tonnes to million or tens of millions of tonnes. That scale up, it's not easy and it requires the know-how, the deep know-how, that companies like Rio Tinto have in working in the millions of tonnes range. They know how to do that. They know what kind of technologies work for that and so we recognize that there's a great opportunity there.
Nano One is in a very unique position...we believe we can scale, we can provide the platform to scale up to those...kinds of tonnages, those kinds of volumes with our technology. We're in a unique place to do that and now with Rio Tinto we bring all this know-how along with it."
https://seekingalpha.com/article/4524170-signs-that-rio-tinto-could-buy-nano-one?open_reset_password=true&user_id=56888976&key=d733f8031ea99937a7bf
Again, I am of the opinion that Nano One Materials cannot be bought. However, I am of the opinion that RioTinto would very much like to sell its simple raw materials to its customers in an upgraded form and thus be able to achieve a significantly better price for them. First by refining and then the step is only very small to make battery materials from them. This makes more than sense commercially and ecologically. Only in 2022 Worley was not on board! Hence Austin Craig's speculation of a takeover! But this cannot be in Nano One Materials' interest. Since they have always done so avoided. They want to offer a platform technology to several partners (Sumitomo, BASF, Umicore ...)
One more thing: Rio Tinto is the only partner of Nano One Materials that has ever been introduced to a government minister, here Jonathan Wilkinson, which alone indicates a special relationship!
We Think BIG, starts small and go FAST!
Hopefully now, finally!!!