Here you go ant Russia’s state-run nuclear group Rosatom has signed a preliminary agreement to buy up to 51 per cent of a Chilean lithium project in return for supplies of the mineral. Rosatom’s mining subsidiary Uranium One on Tuesday signed a memorandum of understanding with Canada’s Wealth Minerals that gives it the right to buy a stake in the 46,200 hectare lithium project in the Atacama Desert in northern Chile. The deal gives Rosatom access to major deposits of lithium that are dissolved in brine beneath the Atacama Desert. Chile is the second-largest producer of lithium and has the largest reserves in the world, but it has been slow to develop new deposits even though the mineral is ever more in demand for batteries for electric cars and mobile phones. Wealth Minerals is trying to extract lithium from the brine without using the usual method of solar evaporation, which takes about 18 months and uses large ponds in the Atacama Desert. The company said that Uranium One had a processing technique that used a catalyst material to extract lithium, avoiding the need for solar evaporation. “Partnering with Uranium One will help Wealth accelerate the development of lithium projects by using modern technology and moving away from outdated solar evaporation to a more efficient and environmentally friendly?.?.?.?technology,” said Tim McCutcheon, president of Wealth Minerals. Rosatom said it was interested in lithium-related projects “as part of the supply chain of the exponentially growing sustainable energy sector. We use lithium as a raw material in our production and high value-added manufacturing so integration into lithium mining is an organic step forward.” Uranium One is one of the world’s largest uranium producers, with operations in Kazakhstan, the US, Tanzania and elsewhere. Atacama will be its first lithium project but its “mining expertise, the technology they have and the group’s involvement in the energy space as a whole” made it a suitable partner, said Mr McCutcheon. The latest MoU builds on one signed in 2017 between Rosatom and the Chilean Commission of Nuclear Energy to promote co-operation in the nuclear and lithium sectors in Chile, including on technology to extract lithium and turn it into products. While Chile had previously invited overseas companies to co-operate on manufacturing battery components to capitalise on demand for electric vehicles, Uranium One’s involvement is meant to advance the production of the basic material necessary for the manufacturing. Attempts by lithium-ion battery makers to “backwards integrate” by becoming involved in production did not yield many operational synergies, Mr McCutcheon said, because battery makers generally did not have as much expertise in resource development. The value of any deal is undisclosed and still subject to approval. If approved, it provides for Uranium One to buy 100 per cent of production. Wealth Minerals, which focuses on South American lithium projects, has been deve
RE: May be worth following on twitter14 Oct 2019 08:39
Year VW Projected EV Tonnes Li Tonnes Li Sales per Annum Per EV Required per China Annum China 2020 400,000 0.04 16,000 2021 625,000 0.04 25,000 2022 850,000 0.04 34,000 2023 1,075,000 0.04 43,000 2024 1,300,000 0.04 52,000 2025 1,525,000 0.04 61,000 5,775,000 Total Tonnes 231,000 Same quantities are projected for Europe
RE: May be worth following on twitter14 Oct 2019 08:38
"As part of the electrification strategy, the Volkswagen Group alone has an annual demand of more than 150 gigawatt hours from 2025 in Europe – and also in Asia at the same level." That's aprox 300,000 tonnes of Li Considering most Lithium producers and or mines have already got forward sales of most of their production for next four years , I just wander where tes guys will get their Lithium from .
“You can’t just depend on the majors, there’s a need for diversification,” said Andrew Miller, a lithium analyst at Benchmark Mineral Intelligence. “When battery production capacity starts being set up outside of China in the next three years or so, the urgency to have that supply outside of China becomes even more critical.”
I agree Lawrence who are the European battery manufacturers that have total battery production capacity with Guaranteed Lithium supply . Wander if ear can answer that . Northvolt have recently done a deal with Tianqi for only 2,400 tonnes of their initial 20,000 tonnes requirement per annum . VW have no guaranteed supply for Europe , HD3EA will take aprox 8,000 tonnes and VW will actually need aprox 300,000 tonnes . Where are they going to get their Lithium from , Who have they called ?