Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Seasons greetings to everyone .
You too fingers and all on this board, just completed my last purchase for this year, hoping we have a better 2020, I have a feeling it will be
Cheers
Merry Xmas Guys , and have a great new year .
https://www.autocar.co.uk/car-news/industry/volkswagen-launch-34-new-models-2020
http://www.xinhuanet.com/english/2019-12/19/c_138643916.htm
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/tata-motors-sees-ev-sales-doubling-in-fy-21-to-cross-1000-mark-in-fy-20/72894639
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/bmw-aims-to-double-ev-sales-by-2021/72884881
https://www.bloomberg.com/news/articles/2019-12-12/europe-gains-ground-in-global-race-to-sell-electric-cars?utm_source=Mailer&utm_medium=ET_batch&utm_campaign=etauto_news_2019-12-13&dt=2019-12-13
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/cadillac-vehicles-shifting-to-electric-from-gas-by-2030-exec/72500008
https://www.australianmining.com.au/news/lithium-cobalt-markets-to-recover-next-year/
A new 25,000 tonne per annum customer .
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/teslas-german-plant-to-produce-500000-cars-a-year-report/72470949
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/porsches-electric-taycan-draws-interest-from-30000-buyers-handelsblatt/72479311
https://insideevs.com/news/386599/glencore-sk-innovation-cobalt/
So was the RNS bad news or good news? Seem to have more buys than sells but it's down ?
Patience...
https://auto.economictimes.indiatimes.com/news/auto-components/eu-okays-mega-state-aid-to-develop-electric-battery-giants/72445684
I think we may get an announcement soon .
https://insideevs.com/news/386661/sk-innovation-first-cell-plant-china/
And where will they get their Lithium from in Europe ?
Not so much just economies of scale but due to the experience curve which comprises of economies of scale, learning and technological advances. the Boston consulting group first popularised the experience curve in the late 1960s. Anywhere between 10 to 30% reduction in costs as cumulative output doubles.
Another point to raise is that most car manufacturers will be on old business plan of buy off the shelf and squeeze suppliers. The only problem with that is you can be locked out. Also where are the producers further up chain going to get the lith they promised could get interesting next year as a lot of car models are supposed to be launched then? Or take earachs view its all a plan to scupper EV???
Ev and battery costs are a down to economies of scale. As with all tech. A digital camera with a fraction of the power of that in your phone and weighing a couple of kg would have cost tens of thousands in 1995.Cost parity between Vs and ICEs will occur somewhere early to mid 2020s I believe, but you'd be well advised to google that.
I accept not the right comment to make on Lithium site but perhaps car and battery manufacturers are being cautious having factored in not only the likely probability (or improbability) of tens of thousands more of gas guzzling or nuclear power stations across the globe plus the cost effective development of other forms of electric vehicle power bringing production costs to a level more affordable by the working man.
And what will the Hydroxide price be in a couple of years Lawrence ? What will our DFS production target be ?
Joe Lowry :
All these planned factories will not be built on a timely basis. The total capacity would require 1.6 million metric tons (mt) of battery quality lithium carbonate equivalent (LCE), which the industry is not in a position to do by 2028 given the lack of investment and the fact current BQ capacity is less than 250,000 mt. I continue to be surprised that OEMs and battery producers are blindly expecting a lithium supply miracle while many lithium mining projects can't move forward due to lack of financing.
Something is going to have to give and soon
1.6 Million Metric Tons Of Battery Grade Lithium Required By 2028
250,000 MT Is Barely Being Produced ?
Right Place Right Time Right Now
https://seekingalpha.com/article/4311254-joe-lowry-aka-mr-lithium-on-state-of-lithium-industry
Fingers
This bit
"We are going to need a lot more battery metals in three to four years. Right now we've got oversupply. There will also be a quality problem as well. If you can produce the highest grade you're going to be fine. But we've seen time and again new producers have real difficulty satisfying consumer demand," he said.
Quality will be king and will lock in long term offtake partners and a price premium on the product IMO. Good insurance if EMH find it difficult to get the conversion side of the equation up and running providing they have the quality and if EMH actually manage to tack on conversion capacity then better again as product is crossing trade boundaries fewer times from mine to car.
time will tell