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WRONG - It does not matter on inputs are as long as output is within the spec customer wants.
The output 'does' depend on input. Put rubbish in get rubbish out. There is only so much the conversion can do, but if you start with a better raw material you will get a better output. However if the buyer wants an average product then it only needs an average raw material, it is the Tier 1 battery makers supplying say batteries for porsche will be paying good money for the best raw material so the refinery will be using the best material it can.
Agree it's finished product we are talking about. It does not matter on inputs are as long as output is within the spec customer wants. Then if their is a choice it's down to price??
Fpvone, not all 6% spodumene is the same, even in that bracket there is docent qualities. How dry it is, iron content, purity and even ESG credentials. Premiums are paid by battery suppliers for a more reliable product going into the top batteries. Even the fact you have spodumene vs anything else (not brine) is favourable as spodumene is known and reliable. If it ain't broke don't fix it.
Fpvone, not sure I quite agree with you as I understand the underlying reactions can make it be more comparable with a technical speciality chemical than a straightforward commodity element. It also can degrade over time. Generalist manufacturing maybe happy with a wider spec provided for by generalist producers. Higher requirements will have tighter specs but will have to pay a premium.
Well......as far as Europe is concerned its all about low-impact “green mining” using renewable energy sources. Something that SAV is committed to and essential to get our environmental permitting as well as our supply chain credentials.
Buyers will not give a fig about quality. If it's in spec guaranteed supply and price are the factors.
Nav, the first 5 selected by EBA for promotion include 4 lithium plays plus EMN. Link below, there's a presentation link on the site too.
https://www.weare121.com/121mininginvestment-london/client/european-battery-alliance/
Actually forgot about FMG. They're doing a lot of sniffing around in Portugal. They have grown massively over the last couple of years.
Lusorecursos almost dead. Couple of others I can't think of at the mo. But SAV is the best runner in my opinion.
INF is defo not looking good. VUL has some major hurdles in drilling to overcome. EMH has quantity but not quality. EMN cough, cough, Euro Manganese Inc - hint.
So now better than one in three.
We won't see any binding agreement until after the EIA process imo as it would play to the hands of the environmentalists if it was shown to be a done deal. We have to play the straight bat and follow procedure which is why Galp dd update hasn't been announced I reckon.
That said, EBA have clearly stated they have a target to announce their first deal in June, conveniently after our 2nd June deadline. The deal will be for one of the first 5 including SAV/INF/VUL/EMH/EMN. Clearly won't be INF so we have a 1 in 4 chance.
EBA then state SAV will be first to market so a rational thought would be the first deal is SAV related. Northvolt are also in the EBA network so the dots are all there.
Then consider MSCI taking a position 27th May ahead of all this.
Alternatively It's a load of Jam, in which case you can trade sentiment like Jonners. Each to their own, DYOR, GLA and all that jazz
Just seems to reinforce the SAV /GALP/ Northvolt partnership. Lusorecursos has not been invited to the party and isn’t happy. Will be easier to monetise this partnership when “heads of agreement” turn into binding contracts.
Don’t forget that whilst the reporters are pretty good at information mining, it looks like they are in arrears, so things will have moved on.
NV were not looking to turn things into a playground competition but are looking to bed in long term quality supply for their production lines. Personally, I would struggle to see the need for them to declare their hand until the formal documents confirming SAVs ability to deliver are in hand. DA did say the other day that they were in process of longer term negotiations - why would Galp bother if the nearer term DD was not accepted.
A good post IB.
I am not sure what to make of this, it gives me a feeling that matters are further from agreement to mine, that i had assumed from the recent correspondence.
I had meant to add, this one courtesy of researcher extraordinaire, lucker. Big hat tip.
A good find and reading between the lines it means that Sav probably know an awful lot more about what is “going” to happen than they can perhaps admit in public at this moment in time.
https://eco.sapo.pt/2021/05/13/governo-e-aicep-mediaram-negociacoes-da-galp-com-suecos-da-northvolt-para-o-litio/
Surprised that this very interesting nugget hasn’t been posted.
Some dots being joined behind the silence.