The Investing News Network caught up with Ken Brinsden, CEO of Pilbara Minerals (ASX:PLS), at this year’s Cathodes conference to get more insight on the company’s recent offtake deal with Great Wall and to learn his thoughts on the future of the lithium market.
Great Wall is one of China’s largest vehicle manufacturers, and last month Pilbara signed a deal with the company that will allow it to further develop its flagship Pilgangoora lithium-tantalum project.
“This deal is a significant milestone that sends a couple of messages: firstly, the car industry, and in particular in China, is interested in security in the supply chain, and secondly, nobody would have imagined that a car manufacturer would become a battery manufacturer — and one of significant scale,” Brinsden said.
Watch the video above to hear more of Brinsden’s thoughts on the lithium space.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.