Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
EU’s Transition to Green Economy:
o The EU Critical Raw Materials (CRM) Act, has been adopted by the EU
Commission in March 2023. The legislation aims to make the EU more self-reliant
on mining including Nickel, Copper, Cobalt and Lithium2.
o The EU Green Deal recently adopted also aims to allocate €1 Trillion of Funding
to combat Climate Change and €40B to transition fossil fuels to green energy,
which would including investments in Nickel, Copper, Cobalt and Lithium3.
The projects are exceptionally well located, almost on the doorsteps of 27 lithium battery
“Gigafactories” in Europe planned for 2030. Ransko and Otov are within a c.500km radius
of these Gigafactories and there is also potential for Volkswagen (VW) (and Czech based
subsidiary Skoda Auto) to build a Gigafactory within the Czech Republic”.
https://announcements.asx.com.au/asxpdf/20230704/pdf/05r8w6bm3mvbxj.pdf
EIB loosening their purse strings :
Europe’s first anode plant nears construction as EIB agrees €150 million Talga loan
Mmmm , I suspect they will be pushing for this type of dividend from Geomet in our production years .
"a dividend in the total amount of CZK 78 billion will be paid, which corresponds to 100% of the adjusted consolidated net profit of ČEZ for the year 2022."
Some one is in Europe . There might be Skelly .
BHP says battery electric cheaper than hydrogen as it dumps diesel for haul trucks
https://thedriven.io/2023/06/23/bhp-says-battery-electric-cheaper-than-hydrogen-as-it-dumps-diesel-for-haul-trucks/
It will be $1.00 by end of next week in oz and $2.00 the week after sharealot .
Lithium producers warn global supplies may not meet electric vehicle demand
https://www.reuters.com/markets/commodities/lithium-producers-warn-global-supplies-may-not-meet-electric-vehicle-demand-2023-06-22/
VW admitting they will purchase some of their Lithium from Europe ?
The raw material will not come out of Europe only.
https://au.finance.yahoo.com/news/volkswagen-ev-battery-effort-keeps-100007640.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADzdBh5N6my5o-4Ya8ZMvrEvtK3JnvEBB-YSv5klYjhF0qh6yDFRx99R03XkVHtzXu1yOIilCWQQskhskTNeVAHSjZLLL3Pe4jrTOjVL9DnRzUMek1xdPIuiotJj-88gKpxVH2R2DPCT87y28UEPaTzZM61dqjgelRx8JWym_nT7
Q&A with Keith Coughlan of European Metals
https://www.sharecafe.com.au/2023/06/22/qa-with-keith-coughlan-of-european-metals-asxemh/
Https://twitter.com/P_Fiala/status/1671593600130375697
The committee is being created because we need a tool that will allow us to build a highway network, high-speed rail, new power plants, quality schools, apartments or even a gigafactory.
EU electric vehicle sales jump 71%
https://auto.economictimes.indiatimes.com/news/industry/eu-electric-vehicle-sales-jump-71-helped-by-subsidies/101160573?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etauto_news_2023-06-22&dt=2023-06-22&em=cmhvbG1lczIwMTBAZ21haWwuY29t
Wow this is more signifant than originally thought , KC was actually talking about " THE PORTAL "
Seems we may not need a mining permit to drill an access adit which KC spoke about : An adit is an entrance to an underground mine which is horizontal or nearly horizontal, by which the mine can be entered, drained of water, ventilated, and minerals extracted at the lowest convenient level. Adits are also used to explore for mineral veins.
Apparently wanting to drill this hole with JUST funds later this year or did he give just give us a clew to a mining permit .
Stellantis CEO: Global Lithium Supply ‘May Not Be Enough’ for Electric Car Revolution Ha what have I been tellin ya .
Apparently wanting to drill this hole with JUST funds later this year or did he give just give us a clew to a mining permit .
Seems we may not need a mining permit to drill an access adit which KC spoke about : An adit is an entrance to an underground mine which is horizontal or nearly horizontal, by which the mine can be entered, drained of water, ventilated, and minerals extracted at the lowest convenient level. Adits are also used to explore for mineral veins.
$514 billion needs to be invested across the global battery supply chain to meet expected demand in 2030 - and $920 billion by 2035.
“The energy transition is still in its early stages and massive capital deployment is going to be needed in order to meet the goals of industry and policy makers.”
- Andrew Miller, Chief Operating Officer, Benchmark
New analysis by Benchmark has assessed the required investment to meet future demand at each stage of the supply chain:
- Critical raw materials
- Battery materials
- Batteries
Read more of Benchmark's analysis via this link:
Benchmark Insight - Financing the Battery Arms Race: The Cost of Bridging the Global EV Supply Chain Divide
I very much like this line in the Zinnwald Lithium RNS : The CRMA proposes to simplify permitting procedures; and a plan to identify selected strategic projects to benefit from EU financial support. Lets hope they give out as much as Biden has .
Up $0.120 cents ( 16.9%) in Aus today