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CEZ are now the majority stakeholder in Geomet and it is they who will set the timeline, not KC. Our position has now changed from being the one in overall control to going along with the decisions of a multimillion euro corporate who are intending to build their own gigafactory and are already talking, with all their muscle, to large automotive offtakers. We are riding on the back of a giant, And we will benefit from all that they do. And whatever they do will be good because they also need it to be good.
Fair enough antelope, be good to see a strategy with a timeline now things seem a bit calmer
"making it up as he goes along." has negative connotations. He's simply been steering around obstacles as they appear and as far as I'm concerned has managed to pull a rabbit out of a very dangerous hat. Credit to him. I'm optimistic.
There are no timescales, KC is just making it up as he goes along.. maybe after 2025 if they sort their **** out.
I bought in this week, as I want to be invested in the battery market. I did some reading about EMH, but could not find any timescales for the mine. Are any timescales known at this point? Also, are there any companies I can invest in who are extracting Lithium now? Or nickel? or Cobalt? The article did mention Glencore but in the context of the mine being shut. I think now is a good time to buy in to these companies, but I really want some producers as well as exploration. Thanks.
Morning all, Here is a bit more of the aritcle that was linked yesterday. Not easy to copy it as it is broken up with adverts, but I am pulling out the juicy bits:
Citigroup analysts now expect battery-grade lithium prices to surge by about 42% in 2022 from current levels thanks to “rising conviction” on electric-vehicle demand from new Chinese and European EV incentives as well as accelerating rationalization in supply.
Cobalt faces similar supply constraints in top producer Democratic Republic of Congo due to the pandemic, on top of the shutdown of Glencore Plc’s Mutanda copper and cobalt mine late last year. Mutanda was responsible for a fifth of global cobalt production in 2018, according to Darton Commodities.
In the market for battery-grade nickel, BloombergNEF analyst Allan Ray Restauro expects a tight balance in the next two to three years as demand from lithium-ion batteries picks up. He says there may be a significant deficit as early as 2023 when nickel prices start to recover.
There is a graphic of predicted demand 2019 v 2030.
Nickel 14x
Aluminium 14x
Phosphorus 13x
Iron 13x
Copper 10x
Graphite 10x
Lithium 9x
Cobalt 3x
Maganese 3x
Glad that article was useful. What appeals to me is the timing.... Cinovec is going to come online at just the right time.
Antelope: Thanks very much for your link to the Bloomberg Green article. A couple of quotes from the article:
"Citigroup analysts now expect battery-grade Lithium prices to surge by about 42% in 2022 from current levels thanks to 'rising conviction' on EV demand from the new Chinese and European EV incentives as well as accelerating rationalization in supply."
"Germany's 130 Billion Euro recovery budget allocates about 41 Billion Euro to areas like public transport, electric vehicles and renewable energy. France announced its own 8 Billion Euro stimulus package for the auto industry, focusing heavily on the domestic EV supply chain."
Also, interesting to see Tesla (TSLA- Nasdaq) share-price action in the last ten days: Friday, 26/6: $959.74; at close today, Tuesday, 7/7: $1389.86. This action crowns a YTD rise from $430.26 on January 2nd. Sounds like the smart money is getting the plot !
Dartron: A very nice summary, thank you very much. I think you will already know that we have several truly excellent "spotters" on this board who maintain an amazing vigil and quote very helpful links. I remain deeply indebted to Fingers, Sid and others. This board is, almost uniquely, always polite and very informative, which is a great encourager in itself. I do hope you may feel able to share your further insights and expertise. Thanks so much to all.
First part of article, Nothing you probably dont know. PS, I bought in yesterday.
The market gloom over the metals that will power the cars of the future is starting to lift.
Supply overhangs and then the coronavirus pandemic had crushed short-term prospects for the minerals used to make rechargeable batteries. But new government commitments to green transport in China and Europe, as well as curtailments to mining and future investments, have led to a growing consensus the markets are bottoming out.
Add in the fact that battery technologies are continuing to get cheaper, and there’s reason to be bullish “over the next few years once we get through the current predicament,” said Chris Berry, president of House Mountain Partners, an industry consultant.
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“The European Union, in particular, is essentially rebuilding their automotive supply chains around battery metals, and incentivizing EV adoption,” Berry said in a phone interview. “The Chinese have re-instituted the EV subsidy regime as well.”
Exuberance about the future for electric-powered vehicles led to an oversupply of metals such as lithium and cobalt, sending prices tumbling by more than half from their 2018 peaks. Then just as some optimism was returning to the markets, the coronavirus pandemic triggered a demand slowdown that clouded recovery prospects for those metals as well as nickel.
Battery Boost
Demand from electric vehicle batteries will spur a group of metals
Source: BloombergNEF
While shorter-term forecasts have been reduced, the longer-range outlook remains impressive. BloombergNEF predicts global electric-vehicle sales will return to growth over the next few years, rising from 2 million last year to 8.5 million by 2025, then climb to about 26 million by 2030.
The worldwide market for cathode for lithium-ion batteries, the most common type in rechargeable cars, is expected to reach $58.8 billion by 2024 from $7 billion in 2018, according to a United Nations report.
Those outlooks leave the world’s largest producer of lithium expecting a market turnaround by 2022.
Demand “is starting to come back” with spot prices about at a bottom now, Albemarle Corp.’s new chief executive officer Kent Masters said in an interview. “It will ramp up and use up that excess supply. And in time, there’ll be a play where demand outstrips supply and pricing will change dramatically.”
For lithium, delays of new and expansion projects will help the supply glut. With only a few producers making money at these levels, “you’re starting to see less production of lithium -- a complete contraction of the production of it,” said Andrew Bowering, a director at explorer American Lithium Corp.
Yes it’s very good best article this year I would say on the future for battery metals
I can't read this as I've reached my limit of articles. But presume it's good? https://t.co/wPTtL021Ug