The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Thanks for that.
Silly me.
IB - this event is the 2nd of the three conferences already mentioned in the latest RNS.
Https://x.com/savannahres/status/1793659941313470748?s=61&t=AJxxcVs_tbxqv1S84UYMow
Must have heard the plea for a little more notice that they are presenting.
Getting about extolling the virtues. He will need some throat lozenges.
We need partners before they'll be ready....no more delays please !
Coincidence, good luck or planned? Would love for us to get some news soon...
Very significant location(Estarreja). Less than 1hour straight down the A1 from the Savannah's mine.
Things starting to fall into place now let’s hope it continues
Get that sp up before we’re bought out by a much larger fish
Just south of Porto. That’s handy Harry.
LISBON, May 21 (Reuters) - A newly-established Portuguese company backed by a wealthy business conglomerate is hoping to build two lithium refineries in the Iberian Peninsula by 2030, its chief executive said on Tuesday.
Lifthium, helmed by CEO Duarte Braga, said the lithium refineries would be built in the northern Portuguese municipality of Estarreja, and in Torrelaverga, in the Spanish region of Cantabria.
One of Lifthium's refineries would be ready by 2027 and the other by 2030, but the company still does not know in which of the two countries it would be able to build first. Lifthium estimates the projects would together cost around 1 billion euros ($1.1 billion).
Its main shareholder is one of Portugal's biggest conglomerates, Jose de Mello, which owns the country's largest chemical producer Bondalti and private healthcare operator CUF.
https://www.reuters.com/markets/commodities/portuguese-company-eyes-two-lithium-refineries-iberia-by-2030-2024-05-21/
The CRMA comes into play on Thursday.
One of the interesting comments in the interview was when EP said that the CRMA was coming in on May 23 and he knew that the BLP was a to be a key player n readiness. I think there will be no shortage of news.
The CRMA comes into play on Thursday.
One of the interesting comments in the interview was when EP said that the CRMA was coming in on May 23 and he knew that the BLP was a to be a key player n readiness. I think there will be no shortage of news.
So nothing reported about the first one but I sincerely hope we'll get an update at end of May following the 3 conferences that were considered newsworthy enough to announce, otherwise why announce them? Come on SAV, keep the newsflow coming to help the sp which is back under some selling pressure again.
In making this project as visible as possible to both indigenous and international alike... 👏 Now showing up on Portuguese national TV.... 🏆
https://www.linkedin.com/posts/savannah-resources-plc_sav-blp-lithium-activity-7198370806349885441-0Q5Y?utm_source=share&utm_medium=member_desktop
SAV's Lithium spodumene concentrate supply is well needed.
Fastmarkets forecasts European mine supply to reach 135 kt LCE by 2030 but expects EV demand to reach 380 kt LCE in the same year, a shortfall of approximately 245 kt LCE.
https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand/
I'd happily swap share price with Savannah Energy !
In these days of automation, computing and artificial intelligence, I am almost given heart with an example of what might be human fallibility. It has happened on numerous previous occasions with a mix up between SAV resources and energy. Any excitement caused by the intra day Rnss were quickly dashed
It is very important to securesourcing of raw materials for EU when Xi Jinping and Vladimir Putin agree to bolster trade amid 'storms'.
https://asia.nikkei.com/Politics/International-relations/Xi-Jinping-and-Vladimir-Putin-agree-to-bolster-trade-amid-storms
Https://www.reuters.com/markets/commodities/eu-call-mineral-projects-eyes-joint-purchases-2024-05-15/
CRMA into force a week tomorrow. Sounds as if they may start to implement sooner than later.
Https://x.com/savannahres/status/1790670761260171271?s=61&t=AJxxcVs_tbxqv1S84UYMow
Another in the series on Savannah’s employees.
What’s not to like.
Wish we had a similar contact (with access to resources) where I live.
Interesting pull together of the headwinds facing legacy OEMs. Whilst US centric the read across to Europe and European OEMs is real and whilst the access to the US markets might be via the Mexican underbelly, Europe simply imports mostly direct from China with local badges applied.
European OEMs are rabbits in their own headlights and if Europe is to grapple with and survive, then they really do need to roll out the CRMA asap. It’s not as if this point was not predicted with increasing warning signs over recent years. As said in the podcast, the US has to commit to get its hands dirty and mine / process. Europe is no different
I am sure you are correct IB, but I am also sure the US is only delaying the inevitable. Really informative podcast;
https://podcasters.spotify.com/pod/show/powercurrent/episodes/Michael-Dunne---Paranoia-and-Opportunity---The-Contrasting-Fortunes-of-Western-and-Chinese-EV-Manufacturers-e2j3f9r
Has a wake up grenade been thrown into the ring?
Rio tinto RNS,s at 2:30 today informing that they are presenting today at a mining and steel conference in Miami.
Maybe par for the course.
Maybe but doubt that anyone reading this board will be a delegate in Brussels and better it being detailed beforehand, even if on the day, than finding out after the event. Good to know that they are continuing to get their message across and raise the profile especially with the CMRA coming into play next week and what that may bring.
Why wait until the day of an event to announce that you are attending it?? Just makes them look reactive and unorganised imo.