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Just saw SAV at the top of the risers chart and got excited for a minute, until I realised it was SAVP(petroleum)!
Also not sure about my maths! If I remember right most shipping fuel is not burned in the single combustion process. It was a practical example of the Hall effect? I'm getting too old now.
Again completely agree. There is still the old chestnut about how is the electricity going to be generated to charge the batteries? Archaic people still refer to fossil fuels and then there is the whole Arab issue.
Personally I would invest in quiet a few solar furnaces, stick them in the Sahara to generate most of Europe's requirements.
Good maths in my opinion, and also agree with short term view of most SH's. However I hope that a body like EU/EC does have the ability to have long term view in mind.
Seems for about 1/2 Bn Euro (ok not small change for SAV but about 1/3 of one day for the total EU agreed 165 Bn Euro budget for one year ) there could be a mine and refinery feeding enough Li for 30-40% of EU EV market in <5 years.
Wake up EU and see what's on your doorstep.
TB - totally agree with the street impact however unfortunately shareholders rarely think of the associated costs or savings far down the line. We are too greedy.
As for my fag packet maths, assuming the ship does actually burn 70 tonnes per day a one way trip burns about 1800 tonnes. Ships fuel oil is much denser than petrol so let's equat that to 900 tonnes of petrol, approx 3/4 kg per litre so 1200000l @ 12 miles/l = 14400000miles. How many batteries will 10000tonnes of concentrate make? Say 1.5% yield = 150tonnes. Say each battery is 150kg and you have 1000 batteries. So just the shipping over, never mind anything else is equivalent to 1000vehicles doing approx 14000miles.
Ok these figures are a loose estimate however can you see my point?
Plus with EV it’s not all about the overall foot print, though a massive element, there’s also the ‘street level’ impact. Kids are breathing in toxic fumes to the level that’s unsustainable, we’re creating problems that will cost NHS, etc Billions in future.
Action is needed and needed now.
Actually if you’ve done the Math please post so we can all see.
Have had a quick look. Suppose SAV ships 10000 tonnes or ore to China. An approx 23 day voyage burning approx 70 tonnes of fuel per day. That is a lot of fuel! Do the maths and estimate the motoring distance to leave the same footprint. I think you will be surprised at the answer and realise shipping it is a no brainer.
I hadn't until now. Thanks - I'll look into it.
Ever heard of slow/smart steaming Jonners? Not a jam-making technique but a way to reduce shipping emissions by 30%.
Oh really.. big change has got to start somewhere, I think we can all agree that EV is here to stay and they will exponentially grow as uptake strengthens, costs reduce, and batteries improve... sometimes you have to accept short term pain for long term gain. The car manufacturers have basically started to turn their backs on ICE cars the money and development is all heading towards EV. There really isn't any going back, its a bit like 35mm film cameras, some doubted digital would ever really replace them (cost of storage, picture quality etc) but after only a very few years.. boom
Great! What's the environmental impact of shipping compared to the benefits of the EVs?
https://www.mining-journal.com/project-finance/news/1367501/zero-hour-for-lithium-in-europe
This is a must-read article outlining the challenges go Europe’s lithium ambitions. Sav comes out on top in my view but it’s not all plain sailing. “The exception that proves the rule may turn out to be Savannah Resources, which Potts has said does have the potential to supply Europe with lithium. Savannah estimates the initial capital cost of building out Mina de Barrosa will be £88.2 million (US$110 million). The cost of building a refinery it estimates at $300 million. But Savannah is taking a cautious approach - the company will send its lithium spodumene to China for refining for the first few years, and will only be building a refinery if it can secure a partnership.”