RE: VW VUL offtake - POSITIVE readacross8 Dec 2021 09:07
also agree Happy , this is the kicker we have been waiting for " Pricing will be based on
market prices on a take-or-pay basis'' and on top of that expect a one year up front payment . The six gigs VW plan need 180,000 tonnes per annum , they have only done a deal for 17% of what they need , I smell an offtake soon now . Last time I spoke with KC , I asked " do you think we will get an offtake B4 Xmas ?" , he replied , " I think so . "
What is also more exciting is what will be the market price when we start production , my tip and said B4 somewhere near $60 k a tonne at 100,000 tonne production , do the maths , we will get somewhere close to Albermarles current market cap . Bring it on , it will also force some others' hands , including Tesla .