Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Ford needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC’s Jim Cramer on Thursday.
https://www.cnbc.com/2021/12/09/ford-needs-ev-batteries-more-than-semiconductor-chips-ceo-says.html?__source=sharebar|twitter&par=sharebar
Make that all car Manufacturers . VW even more so .
Serbia has suspended two laws apparently designed to help mining multinational Rio Tinto open a lithium mine in the west of the former Yugoslav republic.
https://www.eurasiatimes.org/en/09/12/2021/serbia-government-backs-down-on-controversial-lithium-mine-after-heavy-protests/
Good news for us .
This could be the delay to VW coming to the party :
https://www.reuters.com/business/autos-transportation/volkswagen-prepares-battery-division-capital-markets-ceo-2021-12-09/
13 mins in disscussion of the price of lithium $15,000 and that was cautious so could be more.
pre paid up front is happening so I think Keith is playing this perfectly, as prices go up his hand gets stronger. Little to no dilution is possible, the right deal(s) New Czech government will sort themselves out soon and be brought up to speed with Cinovec and thus VW can move on .
I would think that bigger investors are waiting to buy into EMH bolster their port folios with Green, green , green lol
Just a thought , 2 offtake prepayments ( 8,000 tonnes Li at $25,000 = $400 mil ) allows us $1.3 bil capex for production , that will assist the double production plan for sure . And EMH wont need to dilute shares to raise funds . There is a lot to like about this stock . VW offtakes in the new year I suspect , still also smell Tesla around the corner . Apparently VUL have already sold their whole production plan for the first 6 years . And all their offtakers have only scratched the surface of their actual needs . Happy days to come .
Not about EMH , but a panel in the Li indudustry , what I liked they mention the big guys are now happy for prepaid offtakes , woooppeee
https://youtu.be/fA-pY8RhRFk
So long as it's an electric Porsche.....
EMH need to get a move on, it's the only hope I have of getting a Porsche / Porche / Porch and I want to get one before I'm too old to get in\out of one.
Pleeeese, don't upset a future PORSCHE owner with misspellings .
Could be right on point there with Porche !
VW are also waiting to finalise the gig factory partnerships in Czech Republic in January , it will all be mixed up with Cez , Gotion and themselves , we may have to wait for ours til then , and of course KC is pushing for first year payment up front , maybe thats why VW will IPO Porche , they desperately need big cash for their EV push .
To me it makes sense to wait for revised numbers, the dfs and then sign an offtake with VW and possibly another partner. I like the fact KC is not running around like a wet hen and he has already told us he is in discussions with multiple partners. Like everyone else the timeline is frustrating, but it is better to get the right deal, not any deal.
It will happen here one day as " there hasn't been enough lithium" since 2018, but man alive the money I could make v what I have made elsewhere in the 5 years has made perfect sense. If emh go up 1000% I've covered it. So that has paid for me.
Hope the ling term holders dont come unstuck as Putin puts 1m troops on the Eastern Block borders.
Imho VW are looking at the %ages and thinking the risk is too high. Just buy from battery makers like Tesla are doing. Even Musk has bent over a taken a chinese shot from behind over a barrel.
MO, for once I’m in complete agreement with you. No sense of urgency is the kicker here. Waiting for the right offtake as per KC doesn’t seem to fit the general narrative. The vw/vul offtake is for pricing at market value so why can’t we. Remember that vul haven’t even drilled a hole in the ground as of yet and they’ve signed multiple offtakes so the KC rationale doesn’t seem logical.
I’m not giving up yet due to the news we all know is on the horizon but my confidence here has been dented by inaction
Oh ps the US Gov are now part backing Cornish Lithium tech on brines. These guys are not f ing about.
Why choose vulcan lol. Because they are getting on with business and actually doing stuff rather than chuffin' about since 2018 and making a right F up of getting this sizz together. It royaly naffs me off. Should of been actually mining at latest next year !!!
Stellantis also have chosen Vulcan and for US production Standard Lithium the most progressed new lithium production supply in the US.
Not far behind them in Canada is E3 with PEA of 8 mt Lithium Carbonate and expansion going from 20,000tpa lithium hydroxide to a possible 150,000 tpa of LITHIUM HYDROXIDE 24/7 fully sealed processing modular units. It is not mining rock, just filtering water. Seems simplified but they appear to now have the key to breaking filtration.
KMX Tech in the US showed their brine tech to Cleantech who did due diligence of ONLY 3 MONTHS then bought the tech. KMX then only 3 weeks later completed a deal with Cornish Lithium after again only a couple of months of due diligence ....
BRINES ARE COMING AND FAST !!!
EMH , the politics, the glacial pace - someone promised offtake back in March .... Still waiting...
Bag of old spanners here. Seriously about to take my fingernails out and my very small profit. Actions from a Bod speak louder than the very few words we get.
Get a life KC man up or Fbff. Shockingly slow in the face of getting to market when product prices are hitting premium. By the time they finally get to market in 2027 - their words not mine - there will be way more lithium hydroxide than people thpught only 6 months ago.
If they crack Salton Sands = Greenbushes in steroids 2018 most of these brine companies were not even around ffs.
VW sign offtake's with Vulcan.
''Volkswagen Group is to purchase a minimum of 34,000 tonnes
and a maximum of 42,000 tonnes of battery grade lithium
hydroxide over the duration of the Agreement.
The Agreement is for an initial five-year term and the start of
commercial delivery is set for 2026. Pricing will be based on
market prices on a take-or-pay basis''
So that's the fossil fuel burning 'ship around the whole globe' supply secured, what about the EU local 'Green' supplies?
https://vul.live.irmau.com/site/PDF/4a8714c5-51c8-4cd5-8ae8-2e684c200107/BindingOfftakeAgreementSignedwithVolkswagenGroup