Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Well said Pickedpeck.
Business plan is ready to go. If there is a need to modify any plans it can happen on Vermelho, or let any suitor for HZM look at new directions.
QUOTE - This recent news regarding the design development to now be able to use Nickel oxide (laterite) for batteries (where previously Nickel sulphide grade was required) seems to me to be a major potential nickel industry dynamics game changer......
THIS IS NOT NEW! FUD from sulphide nickel mine shareholders! HPAL been used for years to make Nickel Sulphate/MHP
Please remember that Araguaia is already aimed at the stainless steel market and designed as such. Any diversion of nickel from that market will create more of a shortage for our nickel.
IMO
Seems unlikely to change any thing as far as I'm concerned, we're due the finalisation of off takes very very soon.
No redesign or delay necessary. Araguaia has always been targeted at the stainless steel sector. Stainless Steel demand growth has historically been running at 5% per annum, I suspect in recovery that will be much higher. The Araguaia RKEF approach will feed that without any need for change.
Vermelho is set to have a DFS this year, they could decide to go for a lower capex / higher output RKEF model rather than HPAL, or stick with the original approach. Either way Vermelho is a large high grade resource in a mining district with low carbon hyrdo power and excellent transport links.
The fact that ferro nickel can be used by the Chinese to produce matte as a precursor for battery use is an interesting, but doesn't change the need to double the industry raw material supply chain over the next ten years. Ferro nickel is still part of that 2.7m ton global production, its not an additional resource. Diverting ferro nickel to batteries means less available for the stainless steel industry. Iron is not turning into nickel by some sort of alchemy.
This recent news regarding the design development to now be able to use Nickel oxide (laterite) for batteries (where previously Nickel sulphide grade was required) seems to me to be a major potential nickel industry dynamics game changer......
I am left wondering what it means for HZM at this key time in their asset development schedule and I can imagine there are lots of discussions going on within their management team on this matter and how it can impact for the forward path plans on their two main assets.
My layman view is this development could likely force HZM into the need to urgently revisit their plans (plant design adjustment, offtake plans, etc) for Araguaia in order to potentially be able to diversify its supply flexibility to cover for both the stainless steel and battery markets. I say this because I can envisage the financiers (banks, etc) could be requiring this undertaking before they finally commit to the Project funding. I can see this development as ultimately being very positive financially for this particular asset, but it could cause some near term delay.....
As for Vermelho there is more time available to assess for the impact and I would envisage that HZM will need to re-crunch the financials etc, if this latest development long term undermines the premium pricing basis for NIckel sulphide based deposits. So on this asset I have consequently become a little bit concerned about its future prospects.
I would be interested to hear the related thoughts of the LTH established and knowledgeable posters.
Thx
“But from a broader perspective, the world is going to need every pound of nickel it can get to meet the super-charged growth in demand coming from the EV sector, with the nickel market widely tipped to go into deficit around 2023, with or without NPI sourced nickel matte.”
And
“And again from a broader perspective, many commentators have noted that nickel matte produced from NPI is unlikely to meet the clean and green requirements of European and US automakers. NPI production is energy and emission intensive itself, relying in Indonesia on coal-fired power. Then there is the energy and emissions involved in converting NPI in to nickel matte.”
https://stockhead.com.au/news/barry-fitzgerald-will-the-nickel-price-crash-pave-the-way-for-a-legend-to-rise/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-03-07-2021&utm_content=httpsstockheadcomaunewsbarryfitzgeraldwillthenickelpricecrashpavethewayforalegendtorise&utm_medium=email&utm_campaign=Morning%20ASX%20Small%20Cap%20Wrap%20Thursday%20Mar%206&utm_content=Morning%20ASX%20Small%20Cap%20Wrap%20Thursday%20Mar%206+CID_f70007d642883a4eb759926824432552&utm_source=Campaign%20Monitor&utm_term=Barry%20FitzGerald%20Will%20the%20nickel%20price%20crash%20pave%20the%20way%20for%20a%20Legend%20to%20rise
TDT