Member Info for jimb2

Well the US are really showing an interest in Mexican lithium and as far as I know Sonora is the highest profile lithium play - that energy bill has a great deal of strategic investment and the US need cheap lithium to compete with China plus $44bn is a very big carrot.

I'm sure @Barksy1 will agree,

Who knows how this will end up - Ganfeng mining Chinese lithium but will the US want to also have access to Mexican lithium and how does this work with Mexican plans - and more importantly will our JV's play a part?

This could be big industry news in coming weeks.

Yes, DM article is covered here, as posted yesterday but first line gives a better read!

https://www.thisismoney.co.uk/money/share-investing/article-10528527/Clamour-lithium-power-portfolio.html

**The white gold rush appears to be an inviting prospect**

But if you want to join, remember that fortunes are far from guaranteed in any foray into commodities. Options include the Aim-listed businesses Cadence Minerals and Zinnwald Lithium.

I don't need to think about it @Hurtle the evidence is compelling we are going electric at a pace faster than most can comprehend.

The world's leading truck manufacturer also believes so.

We are pursuing our path towards completely emission-free driving with batteries or fuel cells. We at Daimler are convinced that the future is electric.

https://group.mercedes-benz.com/innovation/drive-systems/electric/

Beyond any question of doubt whatsoever.

https://www.volvogroup.com/en/news-and-media/news/2022/jan/news-4158927.html

50% electric by 2030
Globally, Volvo Trucks has set the target that half of all trucks sold are electric by 2030.

The first generation of Volvo VNR Electric had an operating range of up to 240 km (150 miles). Now an enhanced version of the class 8* electric truck is launched, with an operational range of up to 440 km (275 miles) and increased energy storage of up to 565kWh. The improved performance is due to, among other things, improved battery design and a new six battery package option.

That's a big battery and charges to 80% in 90 minutes, so Volvo 50% by 2030 - that's this decade so how soon before 100%

say 2035 - a fair guess!

@Hurtle

That's four years ago!

take a look at what BYD are doing today and the decline in sale of Diesel cars - HGV and utilities vehicles will be following as they become available, hydrogen may take the heavy demand applications but with battery auxiliary.

https://en.byd.com/total-solutions/

• More than $250 million invested directly in the North American region

• Over 65,000 battery-electric buses delivered worldwide

• One of the world’s largest battery manufacturers, specializing in safe iron phosphate batteries

• Listed at #15 on the Forbes list of companies changing the world

• BYD Motors LLC is publicly traded

• Berkshire Hathaway is one of the largest shareholders

#####

Things are changing faster than many might think, how long is a truck off the road per year for maintenance and what's the bill, drivers can only drive fixed hours and will charge as they rest - the infrastructure will be built to support this,

https://www.thisismoney.co.uk/money/share-investing/article-10528527/Clamour-lithium-power-portfolio.html

But if you want to join, remember that fortunes are far from guaranteed in any foray into commodities. Options include the Aim-listed businesses Cadence Minerals and Zinnwald Lithium.

####

BYD are becoming a global giant, Tesla will be using their batteries in some models as well as other manufacturers plus their EV's look very competitive:

I've had an eye on BYD for a while:

Jimb2
Posted in: KDNC
Posts: 4,768
Price: 0.223
Strong Buy
More 10 May 2018 18:08
http://www.szdaily.com/content/2018-05/10/content_21010689.htm That's an impressive battery! The dump trucks meet technical and regulatory requirements and are powered by the lithium iron phosphate battery produced by BYD. The battery can be fully charged in 90 minutes, and the truck can travel 280 kilometres fully loaded on a full charge. Diesel days are numbered

https://wcsecure.weblink.com.au/pdf/CXO/02488285.pdf

Core high grade extending south of BP33, could bode well for our assay results:

Broad and high-grade lithium intersections continue to be delivered at the Finniss Lithium Project near Darwin in the NT
• Two recent deep diamond drill holes at BP33 have produced high grade spodumene-rich intersections including:
o 57.35m @ 1.83% Li2O in NMRD016
o 51.0m @ 1.63% Li2O in FRCD023
• Significant southern extension to spodumene bearing pegmatite at BP33 identified in additional reverse circulation
and diamond drilling

Cadence January presentation:

• Litchfield Project
• Located near the Port of Darwin
• Within 2km of the project’s north-west boundary, neighbour Core Lithium (ASX: CXO; Market Cap: A$506m) has two deposits with defined mineral resources; Grants – 2.89Mt @ 1.48% Li2O; and BP33 – 2.15Mt @ 1.51% Li2O;

• A closer examination of satellite imagery along the western boundary confirms the geology is comparable, highlighting the prospect of contiguous mineralisation:
• Notably, between Madigans prospect (in the Litchfield project) and CXO’s BP33 deposit, there is high potential for lithium pegmatite bodies to be apparent.

• Surface sampling completed and assays have all been delivered currently interpreting and analyzing the results

####

very positive!

https://www.cadenceminerals.com/wp-content/uploads/2022/01/Corporate-Presentation-KDNC-JAN-2022.pdf

Slide 14

@observer842,

Albermarle 2025 lithium demand forecast:

1.5 million tonnes 2025

slide number 7

https://investors.albemarle.com/static-files/122e3f64-72a8-49cd-b6be-e7392cde1450

Livent results later today.

China wants Sonora lithium, the US wants Sonora lithium and Mexico wants to keep Sonora lithium - we shouldn't forget production was planned for late next year.

Sonora appears to be of significant importance - think of it as if it were oil!

Meanwhile with a less abusive tone back in Mexico/;

Mexico City, Feb 16 Senators of the Mexican ruling party denounced this Wednesday of "treason against the homeland" to the Federal Commission of Economic Competition (Cofece), the antitrust agency, for endorsing a transaction on the exploitation of lithium between a Canadian company and a China. The legislators of the ruling National Regeneration Movement (Morena) filed the complaint with the Public Ministry, considering that the transaction will leave a benefit of 7,800 million pesos (almost 385 million dollars) to Canada "without the Mexicans obtaining any benefit." "(La Cofece) is protecting the extraction of approximately 250 million tons of lithium, which in the market has an approximate value of 1 million 150,000 pesos per ton (almost 57,000 dollars)," said Senator Alejandro Armenta, author of the complaint. The senators replied to the criticism of the Mexican president, Andrés Manuel López Obrador, who on February 2 attacked Cofece for allowing the transaction of a lithium concession between the companies Bacanora Lithium, of Canada, and Ganfeng International, of Chinese origin. According to Bacanora Lithum, the company has a concession in Sonora, in the northwest, which will allow it to extract 35,000 tons of lithium carbonate per year from one of the largest deposits of the mineral in the world, with 8.8 million equivalent tons. with reserves that would last 250 years. But López Obrador has warned that his government will not allow foreigners to exploit lithium even if they have prior concessions, while legislators discuss an initiative of the president to include in the Constitution that lithium is the exclusive property of the nation. For this reason, Senator Armenta accused Cofece of "acting complacently by having authorized the change of concession, without notifying the authorities, and that said act implies the commission of a crime, which would mean treason." According to the legislator, the benefit that lithium would give in Sonora "means 70 years of annual budget investment for development" because revenues of up to 10 billion pesos per year (more than 493,000 million dollars) could be generated for public investment. "An absolutely illegal and totally unpatriotic act was committed by allowing a lithium concession to be sold from one nation to another," added Senator Cesar Arnulfo Cravioto. EFE ppc/esc/jrh

#####

getting a little heated -

The US look to be playing hardball with Mexico

US ban on Mexican avocados puts 300,000 jobs and $3-billion industry at risk
The decision to halt imports of the fruit is a huge blow to Mexico, which exports more than half of its production, with 81% of this figure going to the United States.

On Monday, Mexican President Andrés Manuel López Obrador stated that he suspected there was an economic interest behind the ban. “We need to see what it is about,” he said at a press conference. “There are also a lot of economic and political interests here, there is competition, they didn’t want the Mexican avocado to enter the US or predominate due to its quality.”

“Some, like the president, are speculating that it is a non-tariff barrier to put pressure on issues that we are bringing in relation to the US,” Anaya explains. “Some are speaking of this as a way for the US government to put on pressure about the energy law.” At the end of last year, López Obrador sent a draft law to Congress that would cancel energy contracts with private companies, many of them American, in order to award them to state companies. In recent weeks, while the proposal was awaiting debate and a vote in Congress, two members of US President Joe Biden’s Cabinet have visited Mexico to address the “serious concerns” over the plans.

https://english.elpais.com/economy-and-business/2022-02-16/us-ban-on-mexican-avocados-puts-300000-jobs-and-3-billion-industry-at-risk.html

#####

Recently, COFECE has been heavily criticized for authorizing the acquisition of the Sonora lithium deposit by the Chinese company Ganfeng Lithium. COFECE has responded that it approved the purchase because it did not represent any risk to competitors or consumers. In addition, the commission explained that the country's laws allow national and international investments, for which Ganfeng Lithium had the right to request an acquisition. Despite this explanation, López Obrador has continued to disapprove of COFECE's actions. ****In addition, López Obrador stressed that the US had reproached the Mexican authorities for this purchase because China is considered the biggest commercial competitor for the US. López Obrador said he does not want to enter into international conflicts and that these permissions must not be approved to avoid misunderstandings****

https://mexicobusiness.news/policyandeconomy/news/cofeece-authorizes-lithium-exploitationspain-mexico-relations

#####

Interesting to see where this leads and the response from Ganfeng and the Chinese government - still I don't believe Sonora is impacting the SP but certainly could slow down any possible approach from Ganfeng.

But the World is still flat as far as Glencore goes (lithium flst)

https://www.glencore.com/world-map

lock in value, could that possibly be implying on resumption of shipping ore they may have a long term supply agreement lined up?

And that may be the partner taking us to 49%?

I think IKEA will do them flat packed to meet demand,

@Barksy1,

https://www.reuters.com/business/autos-transportation/gm-plans-six-fold-increase-2022-electric-truck-suv-production-sources-2022-02-08/

DETROIT, Feb 8 (Reuters) - General Motors Co (GM.N) plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output, according to information shared with suppliers.

"As we have said, we have announced battery cell and assembly capacity investments that will give us more than 1 million units of EV capacity in North America by the end of 2025," GM said in a statement on Tuesday. "We now have teams working to accelerate all of our upcoming EV launches, and our target is to deliver 400,000 EVs in North America over the course of 2022 and 2023."

GM told suppliers to its electric GMC Hummer EV trucks to plan for production of 21,000 of those vehicles this year at the automaker's Factory Zero in Detroit, up from the previous plan to build 3,800 vehicles.

#####
And Ford have quadrupled the F-150 EV - up to 150,000

2022 the year of disruption, I do feel lithium prices will remain significantly high for many years to come, the EV's are coming in their masses but who forecasted this in their materials supply chain?

This is just the start, ICE is now being seen as inferior and cost parity is here.

Of course, energy disruption is now entering another chapter with world events.

Thanks @tomcat-14,

so that'll warrant an RNS and hopefully both shipping commencement along with the 27%?

@mr.james,

I would hope all is clear for the 27% news at the very least, I would expect all the raised funds are now with KDNC and so I would hope we get confirmation the $3.5m dollars has been TX'd into the project as soon as tomorrow?

Well, at the SP those who are new on board and the disappointed can take advantage of the near placing SP.

The fundraise went better than expected. What I would say is that we oversubscribed over the 4.41 million that we announced and we had to cut people back. We also brought in some institutional backing as well, which is really good, and that has made it that we’ve now got a bit more institutional backing within our share register.

Blue finish tomorrow I expect, but how blue - 24.5p or above would be very welcome going into the weekend -

I hope all works out for you Sammy!

Thanks @EV_Bull,

I thought they would show in the Fundamentals on the LSE tab, perhaps they'll update tomorrow, fingers crossed RNS to say all is done 27% ownership plus - something else?

Should they have shown by now?

Application will be made to the London Stock Exchange for the Placing Shares and Subscription Shares to be admitted to trading on AIM and to the AQSE Growth Market and it is anticipated that dealings in the Placing and Subscription Shares will commence on AIM at 8.00 a.m. on 10 February 2022 ("Admission").