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I am amazed how the price changes on relatively low volume. Going up a penny on 150k.. When Zak Mir emerges with his ****ty podcast usually a placing is coming and the share is being manipulated up for a better placing price. Just my opinion only... And observation. SOmething is happening in the background or being ramped up for a dilution IMO. A bit steep and strange...
//https://teslamag.de/news/lithium-geruechte-tesla-logistik-einstieg-ierzgebirge-beteiligung-china-49563
"German Lithium mining with Boring help?
As the name suggests, lithium is currently a component of all lithium-ion batteries, so it will still be needed when other active materials are substituted. Sodium-ion batteries, on which the Chinese world market leader CATL is working intensively, could offer a cheaper alternative. In the meantime, however, more and more lithium is needed. It is currently mainly mined in South America and Australia, but China is catching up. The price on the spot market had at times increased more than tenfold this March compared to two years ago.
The company Deutsche Lithium also wants to benefit from the high demand. As early as March 2011, it said it began exploring one of the largest lithium deposits in Europe, located in the Ore Mountains on the border between Germany and the Czech Republic (see map above). Since 2017 there has been a mining permit for the German part of around 125,000 tons of lithium. It is unclear how the concrete preparations are progressing. But according to a report, Tesla boss Musk wants to take part in the logistics for the later dismantling.
The Sächsische Zeitung reported last week that she was informed of this by an anonymous reader. As a vehicle, Musk could use another local company that wants to transport lithium rock through a 3.3-kilometer tunnel from the mine in Zinnwald to processing in a quarry. Obviously, the Musk company Boring Co could come into play here, which wants to make tunnel drilling faster and cheaper. In addition, Tesla, which also wants to produce its own batteries in its Gigafactory in Grünheide near Berlin, would certainly be interested in the local lithium."
Musk said lithium is responsible for cost increases and "a limiting factor" to EV growth.
He encouraged companies to get into the lithium business, which he said would generate high margins thanks to high prices.
"The lithium margins right now are practically software margins....Do you like minting money? Well, the lithium business is for you."
He also said Tesla will have "some exciting announcements in the months to come" regarding securing raw materials for batteries.
I have the same concerns but hopefully Germany considers other aspects of lithium as well, tesla powerwalls, energy storage, etc. If they want to get rid off Russian oil and gas they will need every amps per our. Future is in storage of electricity.
Russians are at Kiev I don't think this is the bottom unfortunately. Look at the markets ... Unbelievable... If germans run out of gas I don't know how they will run the industry with these energy prices. Not mentioning the eastern bloc... Here I was hoping not to see this in my lifetime. Cold war II just have started.
It's been discussed before several times and you can find the processing method even on znwd website. Regarding processing. If we had a processing plant we could process. We NEED a processing plant. Of course nothing has been processed as we don't have a place to process.
Rampers gone quiet as well. They are waiting to buy back cheaper. It's down as all the rampers sold up, there are share to flip and no news. Not because it's uneconomic or a scam... Trust no one here and make you own research.