'Analysts said POSCO Future M’s decision could prompt similar moves from other players in the sector as the global race for clean energy materials intensifies.'
POSCO has set the tone. Finally, there's decisive movement.
Spherical graphite is often coated, so there's a possibility that RNU could be called upon to supply the uncoated PSG material. This has been RNU's clever strategy all along. Not to compete but to complement the supply chains.
Australia is in a strange place. Due to an impending election, we are now operating as a caretaker administration. Therefore, until we know who is in power, no government decisions can be implemented. We don't have a Prime Minister who can represent us at Pope Francis's funeral this weekend. Nevertheless, that is the beauty of living in a fair and tolerate democratic system.
However, once the election is over next weekend, it will be game on for all anode players for our material.Undoubtedly, the current geopolitical environment is favourable to Australia's raw material and with highly attractive government incentives, we are in an enviable position to capture the moment.
Jim Chalmers meeting with South Korea's finance minister a few weeks ago was an interesting sign. This quarter could see a real change in sentiment.
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