Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Comments on European projects reported by Joe Lowry from Tom Benson, VP of Global Exploration, Lithium Americas: https://open.spotify.com/episode/1XTaRayNwTx1PBdoL022Kw?si=QHJIzPKcRHui8Cw-BUB5aA&t=776&context=spotify%3Aepisode%3A1XTaRayNwTx1PBdoL022Kw
The Indian ones catchfire regularly in their scooters , eventually standards will be created . The world is reactive and not proactive . Bom
I am banking on it being so Fx.
This is where blockchain will come into its own - traceability of batteries and its materials even if recycled. Quality of hydroxide+ will have to be tested before the material can be recycled inside the mix from other sources otherwise traceability of quality will be compromised - this requires standards to be established right across the supply chain for continued compliance throughout the material life-cycle, even its disposal.
My view of Li battery fires is due to inferior quality materials or the refining process/fabrication of parts/re-charging methods introducing flaws that become susceptible to a runaway under the right conditions.
oops
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7588
Playing in the hands of Cinvec
Companies placing batteries on the EU internal market will have to demonstrate that the materials used for their manufacturing were sourced responsibly. This means that social and environmental risks associated with the extraction, processing and trading of the raw materials used for the battery manufacturing will have to be identified and mitigated.
Hopefully this is the last rule around the Lithium industry and now they can start throwing out some dosh .
Lithium Market Update: Expert Predicts Spot Price in 2023
https://youtu.be/F-w--Jl2fJY
Local neighbor valuation recently .
Keliber aims to be the first fully-integrated lithium producer in Europe, targeting first production in 2024 and ramping up to produce around 15,000 tonnes of lithium hydroxide per year
They paid $470 mil usd ( $700 mil aud ) Sibanye-Stillwater agreed to take a 30.29% stake in Keliber for the above production which infers $2.3 bil aud at full value and times 2 for production to 30,000 tonnes so EMH should be worth 2.3 bil or there abouts ie $12.50 aud a share for our half
https://www.reuters.com/markets/deals/sibanye-stillwater-raise-stake-finlands-keliber-2022-06-30/
The Keliber project consists of several advanced stage lithium spodumene deposits, with significant exploration upside in close proximity to the existing project. Based on a feasibility study completed in 2019 and improved in 2020, Keliber currently has 9.3 million tonnes of ore reserves, sufficient for more than 13 years of operation. Planned annual production is 15,000 tonnes of battery grade lithium hydroxide. Production is anticipated to start in 2024. The project includes the development of a chemical plant in Kokkola, approximately 50 kilometres from the mining area, which will produce battery grade lithium hydroxide. Future lithium hydroxide production has not been committed to any offtake party.
So that value up there sort of has to be a starting point I would imagine . but our mine has a 20 year mine life not 13 only using 10 % of ore ( something like that ) and 7 mil tonnes of Lithium and a second block .
Hi Rxxxx,
Keliber has no lithium offtake agreements
Kind Regards,
Chris Law
Investor Relations Europe
They would if they thought the price was going to $150,000 a tonne No one knows where the price will be in six months . I called $100,000 a tonne years ago and am now calling $150 k inJune next year . Joe Lowry believes the price to be $100 k for a long time . So why are they doing it in the Pilbara auctions on a monthly basis . Both EUR and EMH are looking at market prices attached to a rise and fall against an indice . Why wouldn't you when you are 2 of 5 that will supply Lithium in Europe .
Spot prices
Nobody is going to pay full market Li price with an upfront payment. Tapir prices are totally different from contract prices
Just food for thought if one player does a 10,000 tonne per annum offtake for five years and prepays first year it is currently valued at $825,000,000 at current market rates and our build would be basically paid for . Who needs a loan ? Just Fund of $50,000,000 wil pay the rest . I believe the capex to be close to $850 mil , What will we do with all the free Euro money . Ok $50 mil from Just Fund , $200 mil free Euro money and three offtakes paying 2,500 tonnes prepaid one year ( 2,500 x $82,500 x 3 = $618,750,000 ) also pays off the build . This is gunna be one hell of a mine when the puzzle falls in place .
Anyone got a subscription to share the key points? https://source.benchmarkminerals.com/article/opinion-europe-is-on-a-mission-to-secure-critical-minerals-heres-three-things-it-should-do
Wen Inking?
I like the bit in the report that says a $42Billion investment in lithium production will be required in the next 6 years.
Lithium Giant Says Global Lithium Demand Will Increase by 40% This Year
https://finance.yahoo.com/news/lithium-giant-says-global-lithium-143000703.html
Considering the conversation…….
Volkswagen's Zwickau Plant Produced Record Number Of Electric Cars
https://insideevs.com/news/622670/volkswagen-zwickau-plant-production-record/
My take is VW has huge problems with CARIAD so the board said slow down converting production to EV until software is debuted. Let's not forget there is thousands of EV with crap info and entertainment systems. Customers were promised a fix in short order this has not happened so it's hit the fan. I cannot see how the board can think they have loads of time as sales are literally falling off a cliff. This internal warfare will finnish VW to many people pulling different ways. Tesla is coming down the track like an express train going to wipe them out. When price drop on model y and 3 hit it bye bye VW.
my take too, wolfsbegr my be off thre agenda ( for now) but Giga factory still on IMO and still a strong outcome of it being in the Czech republic . Skoda want to Electrify as Czech republic getting the infrastructure for charging points etc going ahead
VW could hardly pull the plug on that id say, and VW arent stopping making EVs just a daft decision for Germany for the moment IMO. Unions can be a good thing but I think this time short sighted. maybe the Czech Unions are more forward thinking?
EV factory and gigafactory are two different entities surely?
Yes VW obsessed with sunken costs. They will continue with id3 and Id4 these are not competitive with Tesla. The sales drop they have had this year is eye watering. VW are in big trouble. They cannot even do over the air updates FFS.
They may well collapse into a black hole of debt before then
My impression was that they aren't going to build the new factory at Wolfsburg because the Trinity they planned to produce in the factory was delayed so they thought they would justbe able to use an existing factory that's currently producing ICE cars.
VW. Just delayed EV factory until 2028.They say software problems that is CARIAD is effing useless and needs 2years to debug. Tesla ate at least 10 yrs ahead of VW. What a bummer
The head of Powerco provides a bit more colour on the meeting specific to the potential CZ gigafactory. https://www.linkedin.com/feed/update/urn:li:activity:6999302137335685120/
I think a decision for CZ as the VW gigafactory location for CEE could be a material driver for our SP rerate, I dont think it changes the picture that much, as if it wont be VW then it will be someone else..