Member Info for jimb2

@observer842,

simply incredible potential for a huge rerate or suspension pending '_____' and not forgetting NdPr volumes are closely related to EV sales.

GL

https://www.bbc.com/news/world-us-canada-62457386

The Senate passed the bill on Sunday. The House, where Democrats have a majority, could approve it on Friday.

Done deal, now let's see how this goes down, what a position to be in if you have the battery cells.

Not only 7,500 off a new EV but 4,000 for purchasing a used one - Tesla SP tomorrow 10% plus.

Now how do you compete with Tesla if you are Ford, easy start again!!!

https://youtu.be/nGinvE8FkCg?t=203

like disruption and as predicted by Tony Seba, end of dealerships!

I'm sure he is watching closely:

According to details about the EV tax credits in the bill, heavy-duty commercial vehicles that weigh over 14,000 pounds will be eligible for a tax credit of either $40,000 or 30 percent of the total cost of the vehicle. If the bill passes without any changes, the buyer would be able to take advantage of the lesser of the two options.

#####

Could be done later today -what ill next week be like for the EV stocks and supply chains and newsflow!

Will Sonora come into play?

If I were Ganfeng I would announce plans for Sonora regardless of the review and announce discussions if any are in place, but that might be a mutual decision that would benefit both (all) parties.

https://www.paudal.com/2022/08/05/amlo-exploitation-of-lithium-seeks-to-strengthen-the-automotive-industry/

Now this is where it gets interesting!

https://cleantechnica.com/2022/08/03/sourcing-of-battery-materials-causes-rethink-of-ev-incentives-catl-pauses-north-america-plans/

The next few days could be very eventful, very!

Seems it's going to get passed!

That'll be a massive boost for the US Ev's - now considering the supply chain can't meet current demand!!!!

I would imagine there's going to be an urgency to secure further lithium supplies in coming days and a few discussions going on in Mexico about current policies.

Read the paragraph "The Inflation Reduction Act & Electric Cars"

https://cleantechnica.com/2022/07/29/what-the-inflation-reduction-act-means-to-electric-car-truck-buyers/

The automakers are not hiding this fact it's now openly being discussed:

https://youtu.be/MLzgnm-wQ24?t=14

Thanks for the link on reddit @EV_Bull

https://www.just-auto.com/news/catl-still-pressing-ahead-with-us-battery-plans-report/

CATL had been considering building a plant in Mexico that could ship cells for assembly into battery packs at facilities in the US, the Reuters source said. Subsidies and cost sharing arrangements with automakers for those plants were still being negotiated, the person said.

#####

Maybe that visit by Nancy Peloski now makes Mexico the preferred location and I would imagine those negotiations also depend on locally sourced lithium.

Could be crazy numbers just with Ford and Tesla.

Well I wonder where we will finish for the full year?

https://www.asianmetal.com/news/1839286/MIIT:-China's-lithium-ion-battery-output-up-by-150-YOY-in-H1-2022/1

I'll settle for 250% growth YOY for 2022

Well never mind we might have to go back to plan A, remember Peter Secker was consistent with Asia as the intended market whenever asked.

And high purity should be in demand there for sure:

https://www.electrive.com/2022/08/01/ganfeng-lithium-is-building-their-own-solid-state-battery-plant/

Ganfeng batteries could soon be competing with CATL and the likes, Chinas biggest battery factory will need a great deal of lithium.

https://insideevs.com/news/587322/hyundai-build-ev-plant-battery-georgia/

So I suppose we can add Kia Hyundai to the growing list of North American plants that could be potential customers.

CATL will supply lithium iron phosphate (LFP) battery packs for Ford Mustang Mach-E sold in North America starting next year and for F-150 Lightning sold in North America starting in early 2024.

Kia, an affiliate of Hyundai Motor Co, has selected CATL's batteries for its electric Niro SUV to expand its range of battery suppliers, Hankook Ilbo said June 22, citing an unnamed Kia official.

~~~~~~~
Hyundai announced on Friday ground will be broken in early 2023 for its $5.54 billion Bryan County, Georgia facilities. Commercial production is slated to begin in the first half of 2025 with an annual production capacity planned at 300,000 units, including a “wide range of full electric vehicles,” details of which will be shared at later dates.

The battery manufacturing facility “will be established through a strategic partnership, which the details will be disclosed at a later stage” and “aims to establish a stable supply chain and build a healthy EV ecosystem in the U.S.,” the release states.

This is the first time Kia has installed Chinese-made batteries in a family vehicle, the report noted, adding that no financial or volume terms of the battery deal were disclosed.

On June 23, Chinese media Cailian quoted CATL sources as saying the report was true, without revealing any further information.

very interesting figures, worth pondering over!

https://cnevpost.com/2022/08/02/catl-holds-34-8-of-global-power-battery-market-share-in-h1/

CATL are flying - great battery tech, great demand.

@observer842

BYD expanding faster than Tesla!

Then the big hungry pick up trucks and EV Semis - 200Kwh plus batteries equal to three or four cars, and grid storage!

Who will be the first big victim of a supply shortage?

bp to invest up to £50 million in new global battery research and development centre in Britain

That was in the old days @observer842, when people where thinking linear.

Now that did interest me to know CATL are beginning production of the 4860 cell on top of recent Panasonic news:

https://www.topcarstesla.com/de/blogs/news/tesla-battery-demand-is-strong-panasonic-set-up-the-largest-factory-in-the-us

As fa r as I know, Tesla are the only 4860 cell users with CATL having its own tech.

And more jaw dropping figures with SK and tied into the inflation reduction act:

https://www.environmentalleader.com/2022/07/sk-group-invests-billions-toward-us-energy-batteries/

SK’s $22 billion investment, which was revealed during a teleconference with President Biden, will include up to $14 billion in electric vehicle battery production facilities, and another $5 billion in clean energy. The latter piece of the investment includes electric vehicle charging, green hydrogen production, battery materials, and recycling.

GL

I do wonder where anyone got 50,000 tonnes lithium hydroxide Phase 1 from, now who would know for sure?

http://www.ganfenglithium.com/aboutz_en/id/5.html

It's been so for a long time, before the bid for 100% BCN and a reminder the offer came at the same time they were to due to release the revised mining plan.

I would highly recommend reading that article!

https://cleantechnica.com/2022/07/29/what-the-inflation-reduction-act-means-to-electric-car-truck-buyers/

GL

It’s better than I thought

https://cleantechnica.com/2022/07/29/what-the-inflation-reduction-act-means-to-electric-car-truck-buyers/

Blimey, odd!!!

There are some domestic content provisions. Originally cars made in Canada were excluded but now they are not, according to Engadget. There is no specific mention of Mexico, which seems odd.

I bet someone will be having a few phone calls and sleepless nights for the next few weeks!

Yes, @Bannor

that's a real possibility, Ganfeng have yet to show their battery tech for EV's I'm sure they will have enough to deal with on the full lithium supply chain - we are just at the beginning and if the last three months are anything to go by the next six could blow the doors off,

That bill in the US!

Not a done deal but closer to a vote than anything prior, it's not just the $7,500 tax credit for EV's there's going to be investment across the entire green energy and transport sector.

A massive boost in demand above the already big numbers announced by big name manufacturers.

Who else in that region has a project that can likely be producing in two years at volume, 50Ktpa LiOH could well be revised by a significant figure.

you're welcome @Ivybush,

how does HAS fit in with a bid by Ganfeng, surely it will be blocked by the Australian government?

@Ivybush,

10th,
Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to confirm that it has posted the notice of the 2022 AGM and forms of proxy to registered shareholders. The AGM will be held at 11 am 10 August 2022 at the offices of Hill Dickinson LLP, The Broadgate Tower, 8th Floor, 20 Primrose Street, London, EC2A 2EW.

Check your travel arrangements,