Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Canada and USA are not replacing those in Europe Bom :
VW said no decisions had been made on the locations of its plants in North America or Europe and it was committed to its plan to build more cell factories in Europe. “But for this we need the right framework conditions. That is why we wait and see what the so-called EU Green Deal will bring,” the company said.
a complete battery chain would be created (lithium mining - battery production - electric car production - battery recycling)
https://www.prumyslovaekologie.cz/info/cesko-a-gigafactory-otazky-a-odpovedi
The CRMA also seeks to address complaints by businesses wanting to build new mines and processing plants about a cumbersome and lengthy process of getting permits.
Under the new legislation, the EU could name certain projects as strategic, which would mean they would get streamlined permitting and access to financing, including possible state funds, it said.
https://www.reuters.com/world/europe/eu-set-up-central-buying-agency-critical-minerals-draft-law-2023-03-07/
This could look interesting for the 14 th March :
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https://www.ft.com/content/a7438c5a-41da-42ab-845f-25176205a5c7
A second part of the reforms will ease rules for smaller projects, which will now be reviewed in a matter of weeks to match the speed at which money is handed out by the US, according to officials.
These projects will be subject to an increased subsidy ceiling of up to €350mn for projects in less wealthy regions and those in wealthier areas will be eligible to receive subsidies of up to €150mn.
https://www.ft.com/content/a7438c5a-41da-42ab-845f-25176205a5c7
Hooper just said in the pod cast $60,000 a tonnes and up future pricing .
I had this noted sid :
The Volkswagen Group has taken LG Chem, Samsung and SKI on board as strategic partners for Europe.
These partners will safeguard battery supplies from 2019. In addition, SKI will cover the Group’s demand on the North American market from 2022. from 2019.
CATL was nominated as the strategic partner for China, and will supply batteries for the Group’s own electric fleet
Thats if all those suppliers can find their own lithium ,
And blonde-ad , there were no human buys or sells all bots 94 trades for 34,591 shares average 368 shares per trade , they are in human trading terms unmarketable parcels , Humans have to buy or sell minimum $500 . Friggin criminal here .
VW playing a political hand LOl they need both and more .
VW prioritises North American battery plant over Europe as it seeks €10bn from US
https://www.ft.com/content/6ac390f5-df35-4e39-a572-2c01a12f666a
Just love this line : These strategic projects will also receive ADDITIONAL financial support.
Strategic projects
The Critical Raw Materials Act also includes special treatment for projects that are deemed “strategic”. These “strategic projects” will be identified by the European Commission together with a European Critical Raw Materials Board that is yet to be established.
These strategic projects will also receive additional financial support.
https://www.euractiv.com/section/economy-jobs/news/leak-eu-commission-wants-10-of-critical-raw-materials-mined-in-europe/
#CriticalRawMaterialsAct & Europe’s potential for domestic mining of #CriticalRawMaterials.
https://twitter.com/schaefer_eitrm/status/1633226528430383107
Two-thirds of Europe Planned Battery Production Is at Risk Without Further Action, a New T&E Analysis Finds .
https://batteriesnews.com/two-thirds-europe-planned-battery-production-risk-without-further-action-new-te-analysis-finds/
Europe is well aware of the need for new mines
https://www.euronews.com/next/2023/03/07/europe-in-race-to-secure-raw-materials-critical-for-energy-transition
Chart showing EMH so undervalued to peers aprox a tenth of EV/resource potentially suggesting we could head to $7 a share aud
https://twitter.com/_H00PZ_/status/1632631148601024512
Good read ,
https://aheadoftheherd.com/monumental-shift-in-way-junior-mining-stocks-are-valued-is-coming-richard-mills/
Oz closed 70 cents , ( 39 P ) your market maker will buy all these cheap shares and arbitrage them back to Aus , c'mom poms get in there and buy some .
VW is “sounding out the market” and is in talks with “many potential partners” on strategic raw materials, according to a spokesperson. “Various instruments are possible, from long-term agreements to streaming deals and equity investments,” the person said. Hedging of commodities prices is likely an important tool to cope with rising raw material costs, according to the group’s CFO Arno Antlitz.
https://www.mining.com/web/shortage-of-metals-for-evs-is-rising-up-the-agenda-in-automakers-c-suites/
https://hotcopper.com.au/threads/not-gunna-be-enough-lithium.4689737/page-974?post_id=66616505
8.45 min mark very interesting statements . Advanced discussions withs specific critical raw material projects .
https://ec.europa.eu/commission/presscorner/detail/en/speech_23_1328
https://twitter.com/ZinnwaldLithium/status/1631611628276920322