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I have posted that exact article on the Cadence board this morning

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This is not about closing the door to investment, of course not,” he said. “But there needs to be regulation. We do not agree that an asset that is so important in Mexico should be exploited without regulations?.?.?. We shouldn’t be a paradise for exploitation. That’s called looting.”
Mexico has already spooked private investors by renegotiating gas pipeline contracts that the government declared exorbitant, and abruptly seeking to change regulations for renewable energy projects.
Shares in Ganfeng have risen 92 per cent this year in Hong Kong. This month the company raised HK$1.45bn (about $187m) through a placement of new shares to invest in expanding capacity.

China’s largest lithium producer plans to build a battery recycling plant in Mexico to supply minerals to the US as it looks to tap a growing market for used materials in electric vehicles.

Wang Xiaoshen, chief executive of Ganfeng Lithium, said the Mexican facility could recycle batteries from Tesla cars as well as Chinese electric buses in use across Latin America, from Santiago in Chile to Medellín in Colombia.

“Chinese electric buses have been exported to South American countries for years and now is about time to recycle,” Mr Wang told the Financial Times. “And Tesla has been selling in Mexico since 2012, so in the next couple of years they will be ready for retiring.”

Hong Kong-listed Ganfeng, which has agreements to supply lithium to Tesla and South Korea’s LG Chem, has grown rapidly over the past decade into one of the world’s largest producers of lithium through acquisitions of assets in Australia and Argentina.

In May last year the company bought a stake in London-listed Bacanora, which is developing the Sonora lithium project in Mexico, the country’s largest lithium deposit. Mr Wang said the recycling plant could be near the mine, and both could supply the North American market with lithium for batteries.

We shouldn’t be a paradise for exploitation. That’s called looting

Alejandro Armenta, Mexican senator
Recycling is set to become a significant source of new battery raw materials by the end of the decade as car companies look to improve their carbon and environmental footprint. This month Amazon said it would invest in a battery recycling start-up run by Tesla co-founder JB Straubel. Tesla has also said it will open a battery recycling facility this year in Reno, Nevada.

China is the largest recycler of used lithium-ion batteries globally, with eight of the largest companies, according to the consultancy Circular Energy Storage.

Mr Wang warned against recent calls in Mexico to nationalise the country’s lithium assets.

“Nationalisation may not be a good idea; there are many bad examples of nationalisation of resources,” Mr Wang said. “An example is Bolivia. There are big lithium resources there but for many years no project has been built because Bolivians don’t allow foreign companies to own mining properties. That’s a big hurdle for attracting investment.”

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The drive for greener cars must be matched by cleaner lithium
Alejandro Armenta, a senator from Mexico’s ruling Morena party and head of the Senate’s finance commission, told the FT that Mexico should create a new state-owned entity, Litiomex, to regulate lithium mining.

“It’s about ensuring there is a benefit for the country,” he said after introducing an initiative calling for constitutional changes to make lithium, like oil, the property of the Mexican nation.

“This is not about closing the door to investment, of course not,” he said. “But there needs to be regulation. We do not agree that an asset that is so important

Brazil’s president Jair Bolsonaro plans to expand mining in the country, a sector that is held back by a lack of knowledge about geological sites and an excess of bureaucracy, according to executives and officials.

Today the government unveiled its Mining and Development Program (PDM) with goals for the sector in a meeting held by Bolsonaro.

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As part of government efforts, the president presented a controversial bill in February that would allow commercial mining on protected indigenous lands, delivering on a campaign promise that sparked protests from tribal leaders and environmentalists.

Brazil’s constitution currently does not rule out mining on reservations, but does not allow it because it has not been regulated. With no clear regulation, conflicts between Amazon indigenous groups and illegal gold miners are ongoing.

Indigenous people march on the Brazil capital.
Indigenous people march on the Brazil capital. Photo: Pinterest
Ideology aside, Brazil still takes baby steps when it comes to research and exploration compared to major producers like Canada and Australia, or even neighbors Chile and Peru.

To date, only 26% of the country’s territory is mapped for exploration, according to the Geological Survey of Brazil, the state-owned company responsible for it.

“Without this basic information, is impossible to attract private investments,” Geological Survey of Brazil director Marcio Remédio told MINING.COM.

“The country has today 58,000 areas ready for public offer but without geological research,” said Luiz Mauricio Azevedo, director of the Brazilian Association of Mineral Research Companies (ABPM).

“We also face the excess of bureaucracy on the license process. What can be done in months in Canada, in Brazil it will take more than a year.”

Golden state
The state of Pará is currently the second largest producer of ore in the country, second only to Minas Gerais, and includes Carajás, the largest open-pit iron ore mine in the world. Vale operations at the complex produce around 150 million tonnes annually.

Iron ore price getting crushed again
Railroad transporting iron ore from Vale’s Carajás complex in Brazil, the world’s largest iron ore mine. Source: Vale
“In the Amazon region the geologic knowledge is much smaller. We lack access, roads and infra-structure. Only 11% of Pará’s territory is mapped for exploration. ” said Marcio Remedio.

“There is still a lot of gold, tin and other minerals to be explored,” said Marcelo Esteves Almeida, mineral resources director at Geological Survey of Brazil.

“If Pará were a Canadian province it would be number one in the world.” said Remedio.

Environmental law
There are currently restrictions on mining in 48% of Brazil’s territories, the majority being natural reserve, indigenous land and borderlands.

“The Brazilian Amazon has restrictions of all types. The cost of geological mapping is high,” added Almeida.

“Brazi

Excellent I’m going to trot off to buy a new dress :)

Can you make a ‘gold’ Silk purse out of a pigs ear.... that’s the question ...;) I think we can :)

https://www.benchmarkminerals.com/membership/exclusive-tesla-becomes-first-automaker-to-enter-lithium-supply-chain-reshapes-foundations-of-china-dominated-spodumene-2/

What if Elon is planing to give the Cad of the terrafactories away like a franchise..... as long as they take HIS lithium....

Exclusive: India plans $4.6 billion in incentives for battery makers in electric vehicle push - document
Neha Arora and Aftab Ahmed

Photo
FILE PHOTO: Tata Motors' electric sport-utility vehicle Nexon EV is displayed during its launch in Mumbai, India, January 28, 2020.
REUTERS/HEMANSHI KAMANI/FILE PHOTO
NEW DELHI (Reuters) - India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi's cabinet in the coming weeks, said a senior government official, who was not authorised to comment on the matter and declined to be identified. NITI Aayog and the Indian government did not respond to requests for comment.

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The think tank recommended incentives of $4.6 billion by 2030 for companies manufacturing advanced batteries, starting with cash and infrastructure incentives of 9 billion rupees ($122 million) in the next financial year which would then be ratcheted up annually.

"Currently, the battery energy storage industry is at a very nascent stage in India with investors being a little apprehensive to invest in a sunrise industry," the proposal said.

India plans to retain its import tax rate of 5% for certain types of batteries, including batteries for electric vehicles, until 2022, but will increase it to 15% thereafter to promote local manufacturing, the document said.

Though keen to reduce its oil dependence and cut down on pollution, India's efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations. Just 3,400 electric cars were sold in the world's second-most populous nation during the last business year, compared to sales of 1.7 million conventional passenger cars.

The policy could benefit battery makers such as South Korea's LG Chem (051910.KS) and Japan's Panasonic Corp (6752.T) as well as automakers which have started building EVs in India such as Tata Motors (TAMO.NS) and Mahindra & Mahindra (MAHM.NS).

While China accounts for 80% of the world's lithium-ion cell production, India has introduced stricter investment rules for Chinese companies. It has also slowed down the approval processs for some proposals after a deadly border clash between the two countries in June.

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The draft proposal said annual domestic demand for battery storage and market size - currently less than 50 gigawatt hours and worth just over to $2 billion - could grow to 230 gigawatt hours and more than $14 billion in ten years time.

It did not offer an estimate of how many electric c

Hey, great find ;)

We just need the nda removed and .... boing

TAken from iantittle on the emh board
I still think the elephant in the room is the German portion of The Cinovec ore body currently owned by Bacanora/Solarworld. KC always said that the cost of production was much higher than Cinovec because the tungsten/tin credits are way less. Even so, much higher than $4,000 is say $6,000 ..... still very viable for local supply. We must not forget that Lithium hydroxide is not safe to transport long distances ( and it loses its chemical integrity; you need to ship carbonate and have local conversion to hydroxide = secondary plant = $$$$) ....... I would
Love it to come under our ownership.

If that’s happens....that leaves us in a wonderful place ...hopefully

Need to double that and add the date :)

Well it’s a good sign then because those claims in Sonora have aslo fallen down a black hole and off the radar ...a la hatch

Infinity Ore now was Alix Resources

Or will it be both :)

Or is it mms with the Stonewall project
Stonewall Lithium Project

Expansion of the Stonewall Project, by staking additional claims, will increase the Company's footprint in the Lida Valley to almost all of the playa, adjacent to the Clayton Valley Basin, which hosts the United States' only producing lithium mine. The existing Stonewall Project covers an area of approximately 5,460 acres (22.1 square kilometers). The Company will provide an update on the expanded area of the Stonewall Project as it stakes further claims.

HAnwa ?

Is it Bcn through japan as that’s where the little ships were coming and going from on the map on the Tesla video?

‘Our Tony’ tc...do you mean Hatch :):):) they did just disappear.