Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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desperately waiting for any news or progress from Bacanora - what are they doing all the time ? they should be in production already !! https://www.youtube.com/watch?v=e3yTED79Dhg&feature=youtu.be -))
The price for the delay(s) is very high ... burning cash, selling part of company and project, still have no time schedule or project financing. MISSING FOCUS. & MGMT LEADERSHIP ! No qtrly activities report, no milestone plan, nothing ... supervisory board looks on helplessly ... but as long as everybody gets paid there´s no need to put pressure onto the project ... they all should move to Sonora and should pe paid with shares till this project is in production ...
IMO Ganfeng´s focus now is on LAC, BCN will be their next project ... but who knows maybe at some time TESLA itself will buy the whole project ... pls. read following article
Source: https://www.globalxetfs.com/can-lithium-keep-up-with-the-ev-boom/
OEMs, Battery Producers, and Miners Seek Solutions
OEMs may have some options to avoid a lithium crisis. Offtake agreements, where downstream manufacturers lock in future feedstock supply by financially supporting upstream operations, have been common in the industry. However, it hasn’t yet incentivized miners to ramp up capacity expansions as lithium prices remain under pressure.
One option could be to buy into the lithium market directly, in order to control the long term supply chain. Some speculate that Tesla could be the first OEM to take full operating control of a raw material mining interest. If Tesla were to buy a lithium mine, estimates hold that the company could produce lithium at $5,000–6,000 rather than the current average selling price of $8,000–12,000, by leveraging their cheap cost of capital and cutting out middle men. In that case, Tesla could lower the price of a battery by approximately 4% through lower commodity prices.7
Elsewhere, VW and Daimler appear to be poking around the lithium mining world, commissioning studies in Chile’s Salar de Atacama, home of leading lithium miners Albemarle and SQM. The studies seek to address environmental concerns and spur measures for sustainable lithium mining for the long term.
Miners could also be interested in taking on battery production responsibilities. Leading Chinese miner Ganfeng and its unique, vertically integrated business model is an example. Ganfeng has operations along the entire lithium supply chain, including upstream lithium extraction, midstream lithium compounds and metals processing. Downstream efforts include lithium battery production of its own and recycling.