Member Info for jimb2

https://mexicobusiness.news/mining/news/supreme-court-vote-lie-does-not-consider-lithium-amlo

This week, the SCJN will analyze the three constitutional challenges filed against the LIE. The proceedings were initiated by the Federal Economic Competition Commission (COFECE), the government of Colima and opposition parliamentarians, who alleged that the bill violates the principles of free markets, the right to a healthy environment and, in the case of COFECE, an invasion to its constitutional powers to protect free competition in the market.
The LIE was the preamble of López Obrador’s constitutional energy reform, which is now being discussed in Congress. The bill’s suspension via amparos was the main reason why the president moved on toward a more ambitious regulatory change.

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Possible we will get some response from Ganfeng this week on the outcome, if of course there's a decision.

Interesting to see how significant Sonora will be to global supply and I would imagine as many here have commented on in the past scalability and quality have been major factors as Hydroxide is now confirmed, as far as I can see any additional Hydroxide production looks to be solely from Sonora looking at page 47

Page 39

It is estimated that the total demand for lithium hydroxide will increase significantly to 704,000 tonnes throughout the world in 2025, representing a CAGR of approximately 37% from 2021 to 2025. The supply of lithium hydroxide in global market was relatively concentrated in 2021,

Page 58

Given the current rapid growth in demand for lithium products, the Company plans to accelerate the capacity expansion of its lithium compound and lithium resource projects to produce a total of 300,000 tons LCE per annum by 2025, which will include lithium extracted from ore, lithium extracted from brine and clay.

@observer842 - unbelievably close with our guesstimations over the years!

Crazy times ahead, Sonora is undoubtedly going to become a significant resource for Ganfeng and I would imagine the figures in the annual report are now outdated!

Posted a little while back,

well, now we see why!15 Mar 2022 14:48
https://www.bnamericas.com/en/news/amlo-oil-cant-be-replaced-until-lithium-in-development

That should be interesting April 15th the energy reform bill,

seems corrupt big oil has its eyes on lithium.

Thanks for expanding @EV_Bull, bloomberg block me without a subscription, I also see John Kerry is pressing for the energy bill to keep in line with past agreements and is in Mexico again so twice now in recent months.

This could prove a very quick change in our fortune but no surprise to a few on here, 50kt production!

https://www.bloomberg.com/news/articles/2022-04-04/mexico-key-opposition-party-to-vote-against-amlo-s-power-bill

@observer842,

A perfect j and Ganfeng’s production targets for another one absolutely blimey,

SP to reflect this at some point soon I would hope!

Perhaps Amlo will accept the reality and the energy reform bill reflects this in a couple of weeks?

The inevitable unfortunately partly as a consequence of Putin's invasion

https://notesfrompoland.com/2022/03/29/poland-moves-to-end-rule-banning-onshore-wind-construction/

The Polish government is moving closer towards undoing a rule it introduced in 2016 that severely hinders the building of onshore wind farms, say three officials. Previously, Poland had been among Europe’s leaders in installing wind capacity, but after 2016 new investment dried up.

However, recent years have seen Poland’s historically coal-friendly ruling Law and Justice (PiS) party increasingly shift towards renewables, as well as nuclear, a process that has been given even greater urgency by the war in Ukraine and resultant push to move away from Russian fossil fuels.

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https://cepa.org/beating-putin-with-wind-and-nuclear-power/

March 28, 2022
By invading Ukraine, the Kremlin has jolted Europeans into an energy U-turn. But Russian energy will keep flowing, at least for now.

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Finland's offshore wind generation plans:

https://renewablesnow.com/news/finlands-ilmatar-interested-in-offshore-wind-development-in-aland-778850/

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Wind for Europe seems the way forward along with solar - cheaper than nuclear - see what the coming weeks deliver for HAS and our JV, and of course, storage is critical.

How sad it's taken countless civilian deaths and the threat of WW3 for our politicians to ditch the oligarch's sponsorships.

because nuclear is probably too expensive?

https://www.bbc.co.uk/news/uk-politics-60903879

Perhaps this will be the way forward - a very interesting chart!!

https://www.carbonbrief.org/wind-and-solar-are-30-50-cheaper-than-thought-admits-uk-government

Remember Tony Seba saying how so-called industry analysts think linearly when the reality shows exponential cost reductions as was the case when the report was published, compare 2013, 2016, and 2020 offshore and onshore wind alongside solar versus other power generation.

I wonder what the revised strategy will be - could very well see HAS fly in the coming weeks, and of course, the recent additional funding:

Placement proceeds will be used to accelerate key workstreams, long lead equipment order and mine site works.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/25/joint-statement-between-the-united-states-and-the-european-commission-on-european-energy-security/

The United States and European Commission will undertake efforts to reduce the greenhouse gas intensity of all new LNG infrastructure and associated pipelines, including through the use of clean energy to power onsite operations, the reduction of methane leakage, and the construction of clean and renewable hydrogen ready infrastructure.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/25/joint-statement-between-the-united-states-and-the-european-commission-on-european-energy-security/

https://www.tribuna.com.mx/sonora/2022/3/16/amlo-vs-china-minera-ganfeng-confirma-que-viene-por-el-litio-de-sonora-289713.html

The train wreck that could occur could be enormous, especially when Ganfeng has signed contracts and commitments with companies of the size of Tesla Motors , to whom it has already promised to supply its mega plant in Nevada with the ore that, it affirms, it will extract from Bacadéhuachi . China comes for everything

Or could just be a journalist looking through old info and 2 + 2, I'm reasonably confident sure there won't be a train wreck after last week's response by Ganfeng.

good find @Barksy1,

80 GWh would require 56,000t @ 70g/ KWh, 64,000t @ 80g / KWh, and 72,000t @ 90g / KWh, when you consider ESG factoring into car manufacturer's requirements it's pretty certain that lithium will be sourced locally to the battery plant,

Of course, Ganfeng might also want a factory as we have often discussed here, I would imagine CATL are kicking themselves for not taking an interest in Sonora.

So much could happen in the coming weeks - like I have said many times think of lithium as oil and we have two global giants interested in Mexico where we have a 30% JV in a globally significant resource with one of them.

Ganfeng must be close to releasing its plans for Sonora there's a big demand to meet and late next year is not that far away to have production underway.

well, that was an answer to my post last night that's very welcome!

About time, now let's have a mining pan update or cash offer!

@observer842

I hope we get some insight in the coming weeks on the status of Ganfeng in Sonora, I do believe the world now sees even more urgency for diversifying energy and lithium will play a big part.

You can see why big oil has been trying to stop the adoption of EV's a quick fag packet calculation 50Kg of lithium could displace 2,500 - 5,000 bbls - looking at 100,000 miles at 40mpg and a 70kwh battery up to 200,000 miles life.

Then recycling!

Will we, won't we?

Mexico Will Respect The Bacanora Lithium Concession, But Will Not Give More

https://journaltime.org/finance/etf/global-x-lithium-battery-tech/mexico-will-respect-the-bacanora-lithium-concession-but-will-not-give-more/

Well, I could post many more that say AMLO won't but I do believe Ganfeng will be an exception and us of course!

£105M and northwards would do me fine with the state of the world.

https://www.bloomberg.com/news/articles/2022-03-15/vw-is-already-sold-out-of-some-electric-models-for-the-year

“We see better scale, we see better margins, we see high customer demand. Originally we thought it takes two to three years until we see the parity of ICE and battery-electric vehicles.”

Ganfeng net profits up 405% YOY

If we get Sonora on the table!!

Although not for certain, I just don't see Mexico getting a lithium industry off the ground without China or the US behind them.

Disruption!!

https://www.bnamericas.com/en/news/amlo-oil-cant-be-replaced-until-lithium-in-development

That should be interesting April 15th the energy reform bill,

seems corrupt big oil has its eyes on lithium.

The Charger isn't hydrogen ready - in discussion - I've heard that many times with no outcome:

We wait to assess the impact on government's ban on oil and gas boilers on new build property from 2025, but there is no clear outcome with existing households gas boiler heating. It should be noted that this is by no means an abandonment of our MicroCHP boiler technology as over 65% of the technology for the Inspirit charger is applicable to the marine and waste heat recovery applications. ***The Company is in discussion with an organisation that can modify and re-engineer the heater head that is potentially applicable in the rapidly emerging hydrogen market***

As said previously I conceded to Phimx being correct, it was the claimed efficiency of the Charger that impressed me that would have complemented installations with battery storage.

seeing is believing, the Emperor's new clothes.

Still, we are in an energy crisis so never say never and would say next week we will see the government seriously consider hydrogen for domestic heating.

Yes, but we are facing an energy crisis that will be talked about in the press next week, looking at the options to reduce dependency on fossil fuels will undoubtedly require hydrogen - for the years I've followed INSP it's always been the boiler tech where I thought they would have success.

Phimx will point out the failures of the company and I have to concede he does make valid points, however, does the current crisis offer an opportunity?

https://www.bbc.co.uk/news/uk-politics-60712673

Why on earth they don't have a boiler ready working on hydrogen today is beyond belief.

The UK plans to address the energy crisis, we obviously had a great deal of commitment from COP26 but the dependency on Russian oil and gas will accelerate the move to renewables - repeated in Europe and the US!!

https://www.bbc.co.uk/news/uk-politics-60712673

Next week should see further gains in renewables and energy companies as well as domestic oil and gas companies, plenty of news coming.

You have me guessing @EV_Bull

but the new neigbour doesn't seem put off by AMLO and a wise addition to their team.

https://finance.yahoo.com/news/rockland-resources-strengthens-mexican-team-144000031.html

VANCOUVER, BC / ACCESSWIRE / March 10, 2022 / Rockland Resources Ltd. (the "Company" or "Rockland") (CSE:RKL) is pleased to announce the addition of a prominent new team member to its Mexican group and the commencement of a reconnaissance field program on its Elektra claystone lithium project located in northern Sonora, Mexico.

Senor Miguel Angel Romero Gonzalez joins our Mexican group to advise the Company on tenure and legal issues. Señor Romero is a prominent lawyer with the mining industry in Mexico, a former General Director of Mines in the Ministry of Economy from 2010 to March 2013, within that period he coordinated the efforts to update the Regulations of the Mining Law and collaborated to make public the mining cartography of the country. Señor Romero is also an Honorary Member of the Business Mining Council of Mexico (CONMIMEX)