Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The supply of “critical minerals” is a crucial piece of the energy transition. If countries are to achieve the goals set out in the COP28 agreement, this means a big increase in demand for a range of metals: copper for hugely expanded elec tric grids; rare earth metals for magnets in wind turbines; and lithium for elec tric car batteries. Anyone viewing these minerals as a one-way bet, however, may have been badly burnt this year. Lithium is a case in point. The price of lithium carbonate used in EV batteries rose 15-fold in the two years to last November. It has since fallen by 84 per cent, as supply has outpaced demand from electric car produ cers. Yet the long-term growth of the lithium market looks unstoppable. Unlike cobalt and nickel, lithium cannot be “engineered out” of the lithium-ion batter ies that power the EV sector. And while recent developments in alternative sodium-ion battery technology have sparked excitement, few in the industry contest that lithium batteries will be central to the future of road transport. The IEA predicts lithium demand in 2040 will be 13 times that of 2020 in a lower-growth scenario — and 42 times in a scenario where the energy trans ition proceeds more rapidly. Bargain hunters looking at the critical minerals sector will note that Chile’s SQM and US rival Albemarle, the world’s two biggest lithium miners, have both lost roughly a quarter of their market capitalisation this year amid the metal’s price fall.
In my opinion KDNC is still suffering from the overhyping by David Lenigas- I know he resigned 8 years ago.
I think Kiran has worked very hard and shown his faith by investing himself – last time in October at 7.4p per share.
I think KDNC is very undervalued – certainly a ten bagger.
Https://www.edisongroup.com/research/real-progress-real-value/32853/
Cadence Minerals remains fundamentally mispriced in our view, with the market not fully recognising the value of its unlisted assets. Cadence has recently announced progress in advancing its major non-public asset, the Amapá iron ore project in Brazil. This includes a memorandum of understanding (MOU) with Chinese firm Sinoma to potentially provide both a definitive feasibility study (DFS) and fixed-price engineering, procurement and construction (EPC) contract for the mine restart. The implied value of Cadence’s non-public assets is 3.4p/share at current prices, while in our view an appropriate value for Amapá alone is 23.9p/share.
ExxonMobil plans to begin producing lithium in 2027 in a major strategic pivot, as the biggest western oil producer bets it can use its expertise in drilling and processing to become a leading player in the battery metal.
Https://www.voxmarkets.co.uk/articles/which-company-is-the-next-takeover-target--5d59f57/
Cadence Minerals’ joint venture company Pedra Branca Alliance (PBA) and DEV
Mineração have entered into a memorandum of understanding with Sinoma
Tianjin Cement Industry Design & Research Institute to develop PBA’s Amapá
Iron Ore Project in Brazil jointly. Under the MOU, Sinoma Tianjin will provide
a proposal to complete a definitive feasibility study for the project and, upon
completion, will submit a fixed-price engineering, procurement and construction
contract. Sinoma Tianjin will also use its best efforts to secure the necessary
financing and is in discussions with SinoSure and China Development Bank
https://www.kemenycapital.com/wp-content/uploads/2023/11/Kemeny-Capital-AIM-Highlights-3-11-23.pdf
Https://zakstraderscafe.com/rns-hotlist-october-31-acuity-cadence-first-class-metals-great-southern-iamfire-pensana-rosslyn-sovereign-metals-up-global/7981
Cadence (KDNC), the mining investment company, announced that on the 30 October 2023 the following director purchased ordinary shares in the Company. Kiran Morzaria, Director & CEO, 100,806 at 7.4p.
Comment: There are few things better than directors leading from the front as far as share buying, and today’s announcement at KDNC, after the sharp rise for the shares yesterday should keep the momentum going up to 10p and beyond.
Chan¬ging the elec¬tro¬lyte on its own would not neces¬sar¬ily res¬ult in a stepchange in bat¬tery per¬form¬ance. The real excite¬ment hinges on a tech¬no¬lo¬gical devel¬op¬ment that it would enable: lith¬ium metal anodes. Repla¬cing the graph¬ite that is used in cur¬rent anodes would help double the bat¬tery’s range, in part because it would be lighter.
Toyota’s engin¬eers have also claimed advances here. The group is now increas¬ingly con¬fid¬ent that it can stack the cells at the same rate as cur¬rent lith¬ium-ion bat¬ter¬ies. Yet other tech¬nical hurdles need to be cleared to achieve full-scale mass pro¬duc¬tion. “We still need a break¬through in terms of ensur¬ing the volume and qual¬ity of the bat-tery mater¬i¬als,” one of its engin¬eers said dur¬ing a plant tour last month.
Akitoshi Hay¬ashi, a pro¬fessor at Osaka Met¬ro¬pol¬itan Uni¬versity, says it will be “extremely chal¬len¬ging” to masspro¬duce solid-state bat¬ter-ies to the same qual¬ity as cur¬rent lith¬ium-ion bat¬ter¬ies, but if achieved, the tech¬no¬logy will be “glob¬ally unbeat¬able”. He adds: “Solid-state bat¬ter¬ies will be key to the revival of Japan¬ese car¬makers, who are behind in EV strategy, and for Japan.”
Akitoshi Hay¬ashi, a pro¬fessor at Osaka Met¬ro¬pol¬itan Uni¬versity, says it will be “extremely chal¬len¬ging” to masspro¬duce solid-state bat¬ter-ies to the same qual¬ity as cur¬rent lith¬ium-ion bat¬ter¬ies, but if achieved, the tech¬no¬logy will be “glob¬ally unbeat¬able”. He adds: “Solid-state bat¬ter¬ies will be key to the revival of Japan¬ese car¬makers, who are behind in EV strategy, and for Japan.”
Eco¬nom¬ies of scale will help reduce costs. But the per¬form¬ance and cost of cur¬rent lith¬ium-ion bat¬ter¬ies are also improv¬ing con¬stantly, as other tech¬no¬lo¬gies such as sil¬icon anodes make advances. Solid-state bat¬ter¬ies’ extreme sens¬it¬iv¬ity to mois¬ture and oxy¬gen could keep man¬u¬fac¬tur¬ing costs high, while their com¬plex¬ity could require expens¬ive redesigns of EVs.
More from FT
Albemarle’s $4.2bn takeover of lith¬ium developer Lion¬town Resources has col¬lapsed after Aus¬tralia’s richest per¬son Gina Rine-hart acquired a big enough stake in the busi¬ness to block the deal. US miner Albemarle, the world’s largest lith¬ium producer abandoned the deal, citing ”growing complexities”. The failure of the deal highlights the growing battle for Australian lithium assets
Building the electric vehicles, wind turbines and solar panels needed to meet climate goals means the global demand for critical raw materials, including lithium, copper, cobalt and nickel, will more than double by 2030. The International Energy Agency has found that current mining plans are insufficient for the global 2050 net zero target. Geopolitical tensions with China — which dominates critical mineral supply chains — and the high geographic concentration of land reserves means diversity of supply matters.