Member Info for Inbrackets

Call me a pedant, or even something more colourful, but the important bit of yesterday's news was the confirmation of the parties and their respective strengths. Compatible and interdependent. A '10% share initially' in the Portuguese project only but 'increasing' hints at further integration or joint work. The end of the year takes us beyond the proposed delayed auction of lithium licences across Portugal and some areas that are not within the auction remit.

Has vast potential to build up a substantial multi site lithium supply industry, part Gov owned, along with not just refining, but the full battery supply chain. As the prieces are being positioned before being tightened up, I shall be looking for confirmation from Galp of the reconfigure of their refinery, confirmation that NV are in play (new factory in Portugal maybe) and in the months to come, further involvement in adding to the future mining capacity. Just huge potential.

They are looking to be up and running come 2023, so 4-5 years maybe a tad pessimistic, but that said, which miners are hoping to be producing by then? They are not looking to be producing major quantity themselves by then so they may have to import until raw material ramps up.

Still leaves a yawning gap and no reason why Portugal couldn't prime its own battery industry as envisaged. They just need to commit and get on with it, preferably sooner than later.

https://www.bloomberg.com/news/articles/2021-01-11/lithium-miner-s-plan-for-german-smelter-pulls-in-billionaires

Not an impossible dream if this is anything to go by and more than one will be needed across Europe.

Whatever the numbers are, they still need the MLs. As the copper price increases, the value in the ground may increase but it's still in the ground. All sounds a little a little familiar and hopefully something will pan out in the end but I am glad SAV are not needing to devote time or attention to it at this point.

CM, Hope you are well and enjoying a series of nights in with a good book.

https://uk.reuters.com/article/us-climate-change-eu-portugal-idUKKBN29B2FS

A spotted article, Courtesy of Sam Bee.

Looks like a drive from Portugal as EU president over the next six months, correction 3 months to get something in place. Cue Blue Peter, here's one I prepared earlier, SAVs EIA green mining blueprint.

Oh, and as has been detailed as a gap in the supply chain, let's not forget the needed refining capacity.

Reference to refining capacity when looking a SAV around 16 min when he says it still needs to be resolved......so inclined to agree that one of the grey bubbles could well be what we need.

Set fair.

https://m.youtube.com/watch?v=BtZJg5RoL3I&feature=youtu.be

An interesting piece and sets the scene not just for this year but the next 5-10+. And the solid foundations that SAV will be building on over the next two and onwards.

Will this timely tip be picked up.

https://youtu.be/rXlNS6JIDvg

It was a speedy response in the immediate run up to X-mas when many companies have / had already shut shop for the holidays, through until early Jan. Rawish nerve perhaps. I read the article yesterday and didn't take an outright denial. It seemed to be a bit of backtracking from the minister as if he had accidentally let something slip, like an easily decipherable hint as to what Santa has bought for Christmas.

They could easily just let it pass on the basis that it would be the neck end of two weeks before they may have to field queries. Protest too much?

https://m.youtube.com/watch?v=G_6RKAp91k4&feature=youtu.be

Not sure what the viewing figures are but SAV is the first name in the block

OTH, can't seem to get my machine to register a Recommend, but I agree with you. That said, see that the main market are inspecting their navel currently to tempt folk to market.

Since Tesla battery day and the quickly followed deal with Piedmont (sp rise) as they talked LiHO and short supply lines, the vanguards of Teslarati cheerleaders have tried to read across to the potential European raw material producers. Ivan? Started to pick up comments on EMH as the largest potential deposits, close to Tesla factory (and others) and viewing the pseudo state ownership as unlikely to say 'halt progress'. This listing enables the wider market, likely to be the hordes of Tesla shareholders in the US to access the EMH shares easily. If there were to be some actual link, could imagine some hopeful hordes hopping on just because of the Tesla connection.

Would it work for SAV.....? Are we going have a Tesla connection? If VW start to outpace Teslas EU production and sales, and if that does to turn out to be our main off take arrangement / investor, then would that be a pull for the US TEslarati? Then again, DA has often said that he was looking for off takes and never sure that just one sales avenue is healthy. Could you imagine he reaction if both featured?

If any customers of BritishVolt are looking to supply into the EU, they will need to mindful of the EU green criteria, assuming that Uk regulations are any less stringent, quite aside from the other side being green funding and ESG investment criteria.

Battery plants need refined product. Raw materials need to be refined.
This missing link needs revealing.

Hi, CM. Only under the cover of darkness and never in public. The headline conjured up a much more negative impression of its contents or conclusions than I actually had post reading. I thought it laid out the impact on more rural communities not just from the area around MDB, but some of the others in more central Portugal that have yet to start any exploration or be auctioned off.

As you point out, the guy with his digger might be the only one to have made any cash but I think it should be followed by a capital YET. If the EIA is as comprehensive as expected, the article explained the nuclear option if the gov felt that there is sufficient to back up any decision to deem it as critical though no doubt would prefer general acceptance, which is what the article also seemed to suggest.

https://www.theguardian.com/news/2020/dec/08/the-curse-of-white-oil-electric-vehicles-dirty-secret-lithium

Longish but good read. Even handed. Interesting point that the Port Gov could simply deem Li as a critical mineral and take control if wanted/need be. This would bring them in line with US and Eu, je pense. Benchmark 11am tomorrow and the IBerian Li Summit late afternoon may throw more interesting light on matters before we get APAs notice of conformity.

I can't speak Portuguese but Google translation seems to say that they are 'proposed amendments' at this stage by a Committee which would then need to be accepted and voted on in their Parliament (assuming a broadly similar system). Obviously a hot topic.

Water, water everywhere and not a drop to drink.
Perennial problem in many parts, not just Germany bit for raw materials and OEMs but up in't Andes as well.
Hopefully replies to APA and the EIA will cover SAVs water needs bearing in mind that Galicia and Nortern Portugal are the Costa Verde and not short of a drop or two generally.

Until APA actually fire that starting gun I don't suppose they re fully engaging on all fronts with the No campaigners with a full roll out of all the things that are to be done. One of the main charges was that any product was to be transported to China for processing and I thought DA was as clear as he could be though as we have been for some while, waiting on further announcements yet to be made before he can perhaps give a fuller picture.

I found her quite repetitive on a theme which seemed to centre as much as anything around her holidays and trips back for nostalgia and apple pie. Maybe someone should ask her why she moved away in the first place, not why it should be preserved in aspic. It sounds as if the company will be looking to help set up facilities and renewable options for the town and area for the longer term, post LoM. Modern, sustainable mining and fair for all parties.

Do wonder if the Iberian conference in early Dec might shed more light on any processing capacity planned.

As O says, about 3.35 in to the 4 hr program.

Points again to what has been hinted at for the past year or so with increasing certainty or maybe it should be left at likelihood.