Australian Mines LTD (AMSLF)

[GetRich902902]

SK Innovation urged to secure raw materials for battery production.

This is according to a report by the Korea International Trade Association. It said: "Korean companies are strong in the battery sector, but are inadequate to secure raw materials that account for a huge portion of battery production costs," and "Companies need to mull ways of stably securing raw materials and make efforts to develop next-generation batteries, nurture relevant personnel and establish relevant infrastructure."

That is why SK Innovations signed the supply contract with Australian Mines LTD (AMSLF). That is why we expect the financing to go through for the plant for the Sconi project.

The report also said "sales of EVs in the European market grew 33 percent to 408,000 last year from a year earlier, with the sales volume expected to surpass 4 million in 2025. The scale of the EV battery market is also expected to grow to 250 billion euros in that year. But they will inevitably face fierce competition in Europe in 2025 when European companies are expected to complete their investments and begin to produce batteries on their own."

So there is a race to get battery materials. I expect ALL of Australian Mines LTD (AMSLF) mining projects to get off take agreements signed soon because there are all trying to secure the raw materials for batteries. So now is the time to get in on this stock while it is very cheap because soon it will go through the roof.

http://www.koreatimes.co.kr/www/tech/2019/08/133_273981.html