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Total shipping carbon emissions in UK are about the same as road transport, so yes a big contributor. Given the challenges of moving ships to alternatives (these would be great for Hydrogen) it makes the case for moving to Li battery cars even stronger.
Try telling that to a shipper! Do you have any idea of the footprint a normal cargo ship?
Good to see UK Govt is adding more pressure onto the Li demand, according to BBC they want to bring forward targets for cutting Carbon emissions by 78% by 2035 now, nearly 15 years earlier than planned.
Transport makes up the largest Carbon emissions now, as recent as 2015 it was still every supply. From transport the largest contributor is road transport. So it's very obvious what sector will need to be making the most carbon emission cuts.
Meaning in the next 14 years will require large number of EVs to be built and sold, containing plenty of EU sourced Li.
Right product at the right time.
In a cost benefit analysis there is so much mire benefit to be gained by this than the cost to sone disgruntled locals with their lithium phones and laptops .. . .
https://www.telegraph.co.uk/business/2021/04/19/lithium-shortage-may-unplug-electric-car-revolution/
Will be interesting to see how the public consultation goes. This will be the first major test of public opinion on lithium mining in Portugal and I’m sure the antis will be campaigning hard. If this first project is passed then the development of further licence areas should be simple if the same smart green approach is followed. Puts SAV in a strong position to lead such developments..
Could have got in a year ago and enjoyed x3+ growth with a free ride ahead but has preferred to carry the board proclaiming the inevitability of the End is Nigh. Always good to see alternative viewpoints but inclined to stick with my own, at least for the time being.
Big society sold out and wanted shares at 4p that they never got. Why do they care now as not a shareholder. Looks like they want back in...
Ridiculous comment bigsocietymyarse. Savannah have literally billlions of resource ready to mine in MdB and Mos. Read the web site and the SP Angel report. Understand the mining share life cycle takes time, all mining shares go through this cycle and SAV is very much on the up slope.
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
“Fairly muted response to yesterday’s RNS but the coming weeks will hopefully see lightbulbs switching...” These words have been used after pretty much every RNS for the last 5 years. By the time SAV is actually delivering something the share will have been diluted out of sight. It looks like DA might actually deliver something here in a year or two, but the SP will be just the same. By then all the talk will be about how there’s divided payments just around the corner. Unless you’re enjoying a free ride here you need to get out or start trading, and ignore the eternal optimists.
Very illuminating IB
Fairly muted response to yesterday’s RNS but the coming weeks will hopefully see lightbulbs switching on as the importance of the Notice of Conformity is better understood. The vast body of work to underpin the decision and agreement from APA now puts the whole project on a timed pathway, a conveyor belt to approval. Yes, there is the public consultation but the work done to assuage difficulties and deal with known issues will be quite hard to dislodge the project when there is strong Government support and national economic need.
At the same time, without wanting to gloat, but what a good time for Portugal to launch its bid to establish its battery (and Ev) industry from raw materials, refining, processing and production (SAV, Galp, Northvolt and beyond) when Infinity has been pulled over with an enforced pitstop, and other EU hopefuls are still some way off for a variety of reasons.
The public consultations should help publicise the project favourably and I suspect that in the future, yesterday’s RNS will be a key moment. It is also good in that the company will finally start to recover control of its own affairs and diary within any agreed parameters.
Roll on the consultations, the Galp DD, the news on Moz and the upcoming auctions. Lightbulbs.... More like floodlights.