$Novonix (NVX.AU)$ I think this stock is related to the tren...
$Novonix (NVX.AU)$ I think this stock is related to the trend of Chinese concept stocks.
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151437221 : why
頭等散戶 OP 151437221 : Because of selling battery raw materials
151437221 頭等散戶 OP : Didn't you sell it to Panasonic
頭等散戶 OP 151437221 : I don't know who he sold to, but when you see China's red bag behavior, and the stock follows, you get the feeling that the stock is related to China.
MooMamaLlama : maybe not related in the way you think... look into graphene and synthetic graphite, novonix is an Aus battery tech company in the US , trying to circumvent the need to rely on China for refining via synthetic graphite .
this is why USDE has given grants to the likes of novonix and Jervois Global. they need graphite, Cobalt, lithium... but the US and Aus are both currently dependent and in contracts with China for refining etc. We (Aus) have plenty raw materials but need China to refine it before we sell on to the US...or vice versa. China has a monopoly on the whole industry positioned in the middle.
Jervois is a penny stock, but opened the only cobalt mine in the US last year, got grants from both govts, and is slowly from scratch buildiing their own system. They own a brazilian refinery and spent the grant on bringing that back to order, also own a massive power plant so they won't need to worry about excess costs from that.
I look at JRV as Novonix little brother, because they're both similarly laying groundwork to be very productive over the coming years. Just like Liontown has. Jervois Global in more effective traditional cobalt mining, and novonix in developing synthetic graphite eliminating traditional mining, whilst also developing and testing current systems. I think redeveloping the battery tech is key to what minerals will be in demand
MooMamaLlama 151437221 : offtake agreements with Panasonic and LG among others
151437221 MooMamaLlama : Is there a difference?
頭等散戶 OP 151437221 : I'm a techie. I don't mind this.
151437221 頭等散戶 OP : Looking at the K line?
MooMamaLlama 151437221 : not in the contract/sale, just that they are selling to many big companies.
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