Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The Critical Raw Materials Act’s adoption is the first important step to getting this ball rolling. Our companies will start applying for strategic project status and the accelerated permitting that brings.
But we need the next European Commission to go further and faster, delivering much strong policy incentives that rival other parts of the world, and with real urgency. We have readily available solutions – like our proposals for derisking renewables power purchase agreements for power intensive metals producers – which urgently need unblocking.
We need a dedicated EU raw materials bank, we need action for globally competitive and decarbonised energy, and we need an alignment of EU regulations towards the one common objective of industrial and economic growth.
Let me give you three reasons why going further and faster is so important.
First, the more metal we produce here, the more sustainable our energy transition. Take nickel for batteries: achieving the EU’s 40% processing benchmark will produce at least four times less greenhouse gas emissions than the coal powered Indonesian nickel dominating today’s market. This alone will save the equivalent of the annual emissions of 1 million petrol cars.
Second, the more metal we produce here, the more secure our energy transition. In the last two years, we’ve seen China restrict exports of germanium, gallium, graphite and rare earth equipment. We don’t know what’s next, but we’re confident there’s more to come.
And third, the more metal we produce here, the more jobs we’ll be maintaining and creating in the areas of Europe that need them – from Sweden’s arctic north to Germany’s industrial heartlands and the southern tips of Italy, Spain, and Greece.
That’s why we’re sending out a strong rallying call today for European raw materials resilience.
Our industry wants to commit to ‘cooking up’ real raw materials resilience in Europe and for Europe. And we have a clear and actionable recipe to make that happen.
Now we need the European Commission and national governments to act with urgency to make sure we have the same well-equipped ‘industrial kitchen’ as our rivals.
The Critical Raw Materials Act has set the scene, now the real action must start. It’s
once our closed industries reopen and new investments are finalised, that we’ll be
able to applaud Europe’s success.
Let’s make it happen.
All of this starts the week after next and all is great for for CEZ and EMH. With news this week before hand. EMH is set for a massive Q2 and 2024 onwards - bouncing off the over done bottom, equal mcap to the Grant, still half the banks price.
Our 2030 trajectory is clear: The Critical Raw Materials Act sets ambitious but vital goals for Europe to grow its metals resilience to supply the energy and digital transition. Now, the challenge is equally clear: delivering on this, and with speed.
Evangelos Mytilineos is the President of Eurometaux.
We as a sector have a clear message. We can deliver for Europe, if Europe delivers too and unlocks our full potential. But the window for real action is fast closing, risking an energy transition built on unsustainable metals dependencies.
According to our new forecasts, meeting the EU’s 2030 raw material goals will require the opening of at least 10 new mines, 15 processing plants, and 15 recycling plants in Europe.
Europe also urgently needs to reopen its curtailed capacity, still impacting over 20 existing operations that represent around 50% of the EU’s total capacity in the aluminium, silicon, and zinc sectors. We must start financing global mining projects, act to raise recycling rates and circularity, and address our raw materials skill gap.
First, the good news. In Europe, we currently have over 70 mining, processing, and recycling projects in planning. We’re committed to high environmental and social protections to differ. If a majority become operational by 2030, Europe could reach some or all its benchmarks for lithium, copper, aluminium, nickel, cobalt, and silicon.
For other raw materials, like platinum group metals, strengthening Europe’s existing base and trade links is the major priority. And we’ll still need new project announcements too, from rare earths to gallium to germanium.
But very few projects have resulted in final investment decisions to date, especially after a deterioration of EU business conditions in the last three years, primarily driven by high European energy costs, increasing regulatory load, and the subsidies available to investors in competing regions.
Take lithium: although Europe has almost 20 mining and processing projects in its pipeline, only two currently have a confirmed start date today.
In the same period, other regions have launched their own critical minerals support programmes, from the US Inflation Reduction Act to new funds from Canada, Australia, South Korea, and Japan. Global capacity is ramping-up in regions powered by coal. The US will open its first aluminium smelter in 45 years.
That’s why we’re calling on the European Commission to act urgently and bridge our growing competitiveness gap – saving and creating jobs while fostering innovation.
2030 is only around 2000 days away, meaning our window for finalising investment will be closing imminently. Without a real business case, we’ll see more investments and capacity permanently leak abroad. This is bad for our economy and our climate.
hi all, hope everyone's well
this is the week things start to get exciting - we have the april announcement stage - referenced again in the new video i found from 3 weeks in singapore - perfectly coincidencing with the cmra coming into full force - which is massive for emh while the largest lithium deposit in europe and a globally significant tin resource.
https://youtu.be/hanalr9desg?si=v1vmd1nldamqjzn5
https://x.com/marossefcovic/status/1780687644663685580?t=7gfuddf8rpcbrlcgn8xsfg&s=08
https://x.com/czechlithium/status/1750112472483135495?t=qe***a3b0tla_viwaan59a&s=08
keith said cez have been invaluable and that more will come of it during the announcement stage at end of april. we know there will be upgrades - but there's also this which can be a major green light https://www.engineeringnews.co.za/print-version/european-metals-flags-potential-improvements-in-delayed-dfs-2024-03-27
"as europe's largest hard-rock lithium mining and processing project, the cinovec project is applying for and is expected to receive strategic project designation under the crma.
the project has already been granted strategic process status under the eu's just transition fund."
the cmra starting early may while the czech government have the 8bn gigafactory factory offer on the table.
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
sikela also revealed in november that czechia is in discussion with five other potential ev plant investors “from other continents”. fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in czechia.”
https://www.lse.co.uk/rns/emh/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
then also approaching a grant in may thats worth more than the current mcap....
https://youtu.be/3tl6q4-5eoo?si=yw91dtx6qalovpuu
listen 3.33
https://youtu.be/qellbp1vzi8?si=cbclhkye9bjvghp7
listen 4.55
keith hasn't been slow - europe has been slow, until now. having a major partner, who's the 70% state owned power company helps with all the above. the prime minster wanting all of this - while less than half the price the bank paid.
dfs and offtake are expected to come to fruition after the above - the hydroxide news was one of the final pieces. the sp was in the 30s in december - now have company making weeks and couple months ahead. grant and were back above the banks price.
China's lithium demand is 'unstoppable': Sigma Lithium CEO
https://finance.yahoo.com/video/chinas-lithium-demand-unstoppable-sigma-205211010.html
We were 33p a year ago so.........
Before that we were tapping £1 then the inactivity uncertainty and shenanigans from Keith
There's a procedure to go through, that's all. You're making a mountain out of a molehill once again.
Who is KDNC ??
Then explain why they didn't buy inJan?
Explain why KDNC are selling?
Directors most likely cannot buy if within 30 days of news. And we are expecting news next week. It would be good to see purchases straight after whilst priced so low. They probably have bonus shares and options too...
Proposed appointments aren't appointments
Closer to news usually means more halfwits unfortunately….
Guess that goes for all at the EBRD also for chucking eur 6M in at 42.3PPS then?
numpty
However, after a cash call and the shares go sub 5p, who knows?
No because if they do they could be sectioned under the mental health act!!!
None of BOD have bought any as far as I can see and the sellers have appeared to return.
Hardly encouraging.
😐
Don't hold your breath.
Working days left in this month after today 🤔
A positive week so far,
Up near 15%
Up 35% this month
Appointment of new Non-Executive Director, bringing over 30 years of experience in the mining and metallurgical sectors, including expertise in lithium-ion battery supply chains . . . . and German Automotive OEMs
DFS inbound.
Offtake certainly will drop at the same time.
Have a great weekend all.
A rallying call for European raw materials resilience
https://www.euractiv.com/section/economy-jobs/opinion/a-rallying-call-for-european-raw-materials-resilience/
morning - happy friday.
my one post for the day.
clear government support indeed. remember cez is the state power company and also 70% owned. as the crma comes into full force the week after next. next week likely the april announcements and then grant in may currently more than the whole mcap. nothing in a straight line, people will trade momentum but we're still less than half of the price the bank paid, while it all starts to get exciting with the crma
https://x.com/czechlithium/status/1750112472483135495?t=qe***a3b0tla_viwaan59a&s=08
https://x.com/marossefcovic/status/1780687644663685580?t=7gfuddf8rpcbrlcgn8xsfg&s=08
sikela also revealed in november that czechia is in discussion with five other potential ev plant investors “from other continents”. fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in czechia.”
entire lithium chain means emh which the prime minster has expressed he wants multiple times
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
the european mining industry is on the brink of a significant development phase in the short and medium term. this is especially true following the european government's recent approval of the critical raw materials act, a project initially proposed by the european commission a year ago. once signed by the president of the european parliament and the president of the council, the act will officially come into effect 20 days after publication in the journal of the european union. this approval holds great importance for european mining ambitions and the participation of member states in the energy transition. the act's approval paves the way for strategic extraction activities for advancing green technologies, as outlined in community plans, through the extraction of minerals deemed "critical" for europe's environmental sustainability. this act is widely acknowledged as one of the key tools to help europe achieve its goals of climate neutrality and the european green deal.
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Https://www.idnes.cz/zpravy/domaci/partie-terezie-tomankove-green-deal-dostalova-hladik.A240414_103339_domaci_mul
Minister of the Environment Petr Hladík: He added that we have the largest lithium reserves in Europe and it is necessary to mine them. "The Czech government doesn't just want to mine, it wants to produce specific products," he added.
🤔Bibble there for I am . 🤪
The lunatics have taken over it seems
😄maybe "it" has a twin