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Https://www.lse.co.uk/rns/ALK/corporate-update-4wxn7uy8g7nxwt4.html
https://www.mining-technology.com/news/albermarle-lithium-hydroxide-expansion/?cf-view
Tees Valley looking at 4 train production = 96,000tpa
Current raising of $600m for two trains ( one in uk & one in Port Hedland ) £500m approx.
So 4 trains in Tees coming in around £1.5-£2B.
Lithium to Lithium SULPHATE crushing in Oz coming in at 4 trains for another £1B ?
Albemarle spending in the US $1.5B on two trains to come up to 4 trains producing 100,000tpa hydroxide.
Ball park comparrison is both coming in around the same figures give or take.
Happy with that !
Whatever happened to those timelines offered in the December 2022 corporate presentation?
Another AIM company underdelivering.
"Albermarle has announced the construction of two processing trains at its lithium hydroxide refinery in Western Australia.
Adding to the two current trains at the plant, the expansion will double the refinery’s productive capacity to 100,000 tonnes. The $1.5bn investment would make Albermarle Australia’s biggest lithium producer outright. "
Let's see what contracts they manage to get… if any.
I would assume that PHL is well qualified to receive some of this new Government incentive: https://www.smh.com.au/politics/federal/4b-for-mining-companies-to-produce-minerals-for-us-renewables-20231024-p5eeiy.html
Agree euclid55.
The bottleneck is in refining capacity in Europe and not all refining is the same.
Anyone trying to import spodumene (5% Lithium) is going to have a real problem disposing of the 95% waste - which is why ALK has got its strategy of importing sulphate and or tech grade carbonate absolutely spot on IMHO
Somebody is confident.
Me I ignore broker notes, just bits of paper.
Do your OWN research and you will see £5.00 is quite easy to get to. New baseline should be around £2.30-2.60 with a whole chunk buying and selling around this for several months previously.
Next baby step could be more teenage in size !
We also note the announcement by Zinnwald Lithium (ZNWD LN) with strategic investment Advanced Metallurgical Group (AMG) who are building the lithium refinery in Germany.
This is the most relevant update for ALK as it highlights that AMG intends to vertically integrate to secure feedstock meaning that although this is intended to be the first capacity online in Europe the capacity has already likely been set aside for processing the concentrate from the nearby Zinnwald project.
This further highlights the shortage of available refining capacity for lithium miners and end users and ALK remains the only listed exposure to refining capacity.
It is difficult to not demonstrate considerable upside potential and the latest announcement indicates that major de risking catalysts which we believe will drive a rerating are now significantly closer.
The nature of the process means that market updates and timing is challenging to gauge, however, off the current valuation there is limited downside risk. Correspondingly a feedstock deal with an OEM indicates a major catalyst as it unlocks the project financing process, optionality on structures and potentially direct funding as part of an agreement
Current target they say is £15.30
Hi MO thanks for the posts.
China has just announced that it plans to impose export restrictions on two primary graphite products crucial to the EV anode sector. The ban is similar to the restrictions placed on Gallium and Germanium exports in July 2023.
Resilience will be rising up the political agenda even if the civil service are WFH. Companies like ALK and PRE offer some answers to the problem.
Yes i did. Quite a few details yet to surface but the £50 earlier in the week would have taken a bit to buy up and then this. Makes you wonder.
HI MO
Seen this report?
https://www.bbc.co.uk/news/business-67149907
China , good point. You try and buy £50,000 in one go.
Most would be lucky to get £2-3,000 through.
It will have taken an mm a while to fill that instruction.
And some mongrel is still dumping a below average price sale at the end of each session !
£50k worth bought yesterday morning… 👀
Did you notice Koch involved , extremely interesting US side...
Hi MO
Good to hear from you. All fine here.
I am wondering if CL will go onto AIM or if it will be taken private. Recent deals have raised the bulk of the money from private equity Techmet/EMG and UKIB. If the second tranche of the third funding package happens, the rest could be bought out.
In their first funding package Techmet got board representation, warrants and a discount on their share purchase price. I think CL is "job done".
2 Mt, a drop in the Ocean, PH exports over 550Mt of iron ore each year !
Https://www.goldcoastbulletin.com.au/business/stockhead/monsters-of-rock-green-iron-plant-plan-before-epa/news-story/1b41f127aea711d4ff6f0b7978ed61ad
Some huge irin ore and nickel tonnage going to go through Boodarie Port Hedland. Infrastructure must be good.
Released only today ...
"Standard Lithium’s East Texas Drilling Program Delivers New Highest Confirmed Grade Lithium Brine in North America
Results Include Lithium Concentrations of 663 mg/L; Company Continues to Expand and De-Risk East Texas Smackover Assets
EL DORADO, Ark., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced it has drilled and sampled, to the best of its knowledge, a new highest confirmed lithium grade brine in North America, with a grade of 663 mg/L lithium. The results reflect lithium sample analyses from a newly drilled well from the Company’s significant expansion work in the East Texas Smackover region.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “We continue to be very excited by the quality and scale of the lithium brine assets we’re adding in East Texas. The lithium sample analysis from a newly-drilled well delivered, to the best of our knowledge, a new highest-grade lithium brine concentration in North America and confirmed that we are securing the highest-grade lithium brine resource outside of Chile and Argentina. We continue to expand our footprint in the East Texas Smackover and de-risk the opportunity with additional drilling, sampling and definition work.”
“East Texas is a significant addition to our two more advanced projects in Arkansas, the Phase 1A and South West Arkansas Projects,” added Dr. Robinson. “We expect our East Texas landholdings to form a substantially larger and higher-grade lithium brine project for future production. Standard Lithium will continue to progress its portfolio of projects to help meet U.S. demand for lithium over the next decade.”