Member Info for jimb2

Invited by the Chinese, translation is a little broken

https://www.24-horas.mx/2024/03/07/alfonso-durazo-atiende-en-china-proyectos-de-energia-digital-y-de-acumuladores/

On his working tour of China , the governor of Sonora, Alfonso Durazo Montaño held meetings with directors of companies specialized in the new energy sectors and the manufacturing of energy storage products, which show interest in exploring investments in Sonora.

During the meeting between the Sonoran president and entrepreneurs who focus their business model on digital energy (solar, wind and storage energy generation), manufacturing intelligence (industrial robots and smart manufacturing equipment) and the integration of digital intelligence ( energy engineering services), a Round Table of Agreements was held where the renewable energy project of the Government of Sonora was announced and an invitation was extended to them to visit the state to learn first-hand its details.

**It should be noted that this company**currently works with more than 70 of the most prestigious companies globally.

Likewise, with leading entrepreneurs in innovative new energy technologies, which have five innovation centers and 13 global production bases for batteries, an analysis and discussion table was held for a possible installation of a manufacturing plant in Sonora and Thus, linking the ecosystem to Mexico.

Another of the companies that participated in the series of meetings with the Government of Sonora, is specialized in the sectors of digital energy, integrated business energy and investment strategies in the industry, has a presence in 40 countries and has achieved a portfolio of more of 4 thousand clients.

**Most likely this is across several companies he met with.

I'm glad we have started legal proceeding independently of Ganfeng, they might be influenced by the Chinese gov on any legal actions they can pursue against the Mexican gov.

I'm backing Biden, Greenpeace have an explanation

https://www.greenpeace.org/aotearoa/story/willow-project-arctic-oil-drilling/#:~:text=One%20reason%20the%20Biden%20administration,nothing%20to%20stop%20oil%20drilling.

Revenue from the Willow project is dwarfed by the figures from fair taxes to the billionaires and corporations who will contribute trillions to the US economy under Biden instead of a 3 trillion deficit under Trump.

Maybe a smart move by Biden giving some leeway to the large fossil fuel companies with the knowledge that oil production is in decline, China is predicted to see a 10%-12% drop this year:

Https://oilprice.com/Latest-Energy-News/World-News/Chinese-Oil-Demand-Growth-Is-Set-to-Slow-as-Sales-of-EVs-and-LNG-Trucks-Climb.html

Growth in EV sales and LNG-powered trucks would shave between 10% and 12% off the country’s demand for gasoline and diesel just this year, Lu Ruquan, president of CNPC’s Economics and Technology Research Institute, said as quoted by Bloomberg.

The IRA is already being be funded regardless of the Willow project and producing the desired results, considering the Willow project isn't due to come online until 2029 I don't see how that can a source of funds for the IRA that runs from 2023 to 2030 - I understand 15% tax is the source for the IRA, Biden wants to increase that to 21% - you might look want to look at the facts on this link:

FACT SHEET: One Year In, President Biden’s Inflation Reduction Act is Driving Historic Climate Action and Investing in America to Create Good Paying Jobs and Reduce Costs

https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/16/fact-sheet-one-year-in-president-bidens-inflation-reduction-act-is-driving-historic-climate-action-and-investing-in-america-to-create-good-paying-jobs-and-reduce-costs/

Not perfect by far, but when it comes to EV's and lithium I'll stick with Biden.

I do pity the young girls pregnant through rape or insest who have to carry the child under the GOP and Trump's supreme court ruling, still that will cost them in November.

As S&P Global noted in a January report, the EV and battery industries got a big leg up from two key pieces of Democratic-led legislation that passed under Biden: the Inflation Reduction Act and the Bipartisan Infrastructure Law.

Both bills earmarked many billions of dollars for clean energy initiatives, including a national buildout of EV charging infrastructure, expanded tax credits for electric vehicles and federal loans and subsidies to retool existing auto factories and retrain workers.

If Trump wins reelection, he may look to curb these laws and change or eliminate federal funding for the EV industry, according to S&P Global. “A reversal or reduction of federal subsidies could cause OEMs, suppliers and battery companies to rethink their product and investment strategy, particularly as it relates to North American sourcing,” the report noted. That, in turn, could have an impact on both the gas-powered and electric vehicle sectors by helping the former and hurting the latter.

Well it seems you agree, Biden will be a better for l than ithium demand than Trump.

There's no question about it, I am exchanging views with a Trump supporter @Skelly85.

As part of President Biden’s Investing in America agenda and Bidenomics, the Biden-Harris Administration is announcing new actions to lower the cost of electric vehicles (EVs) for Americans and build a convenient, reliable, Made-in-America EV charging network. Thanks to President Biden’s Investing in America agenda, the Biden-Harris Administration is already delivering major progress to electrify the great American road trip. Since the President took office, EV sales have more than quadrupled, with more than four and a half million EVs on the road. EV ownership is more affordable than ever before, with prices down over 20% from one year ago. The number of publicly available charging ports has also grown by over 70 percent, with 170,000 publicly available EV chargers across the country, putting us on track to deploy 500,000 chargers by 2026 – achieving the President’s goal four years early

Yes, Tesla isn't flavour of the month, but didn't Obama rescuse Tesla from the brink with &400m + dollars.

I'll back the one who is pro EV and Storage, it's not Trump - simple, Trumps gets in then your dreams of a thriving lithium industry will be set back at least five years - IMHO

Let alone instability in Europe, all those funds might need redirecting towards strengthening the European NATO members, The US won't be behind them with Trump.

https://www.politico.com/news/magazine/2024/02/13/bolton-trump-2024-nato-00141160#:~:text=%E2%80%9CHis%20goal%20here%20is%20not,expressed%20dismay%20at%20Trump's%20tenure.

“Look, I was there when he almost withdrew, and he’s not negotiating,” said Bolton, who served as Trump’s national security adviser. “His goal here is not to strengthen NATO, it’s to lay the groundwork to get out.”

I'll be out of AIM if Trump gets the vote, a second term will cause mayhem - IMHO

Well, let me see, well through my lens on world events - obviously not yours, but its okay to have different views in a democracy

The US appetite for storage and EV's since the IRA $370bn just might put a strain on global lithium demand in coming months. Trump will reverse that from day one, in 2017 during his first days in office he replaced the EPA head with an oil industry lobbyist.

https://en.wikipedia.org/wiki/Scott_Pruitt

Edward Scott Pruitt (born May 9, 1968) is an American attorney, lobbyist and Republican politician from the state of Oklahoma. He served as the 14th Administrator of the Environmental Protection Agency (EPA) from February 17, 2017, to July 9, 2018, during the Donald Trump presidency, resigning while under at least 14 federal investigations.[2] Pruitt denies the scientific consensus on climate change.[3

Heaven forbid Trump gets into power, lithium investments in Europe will be the least of your worries, project 2025 has 2,000 people lined up to take senior roles in government Trump wants to be a dictator.

https://edition.cnn.com/2024/03/08/politics/trump-orban-mar-a-lago/index.html

Trump praises ‘fantastic’ Viktor Orbán while hosting Hungarian autocrat at Mar-a-Lago:

“There’s nobody that’s better, smarter or a better leader than Viktor Orbán. He’s fantastic,” the former president told a crowd gathered for a concert at the Florida resort, as shown in a series of videos posted to Orbán’s Instagram account.

Trump added that the European autocrat is “a noncontroversial figure because he said, ‘This is the way it’s going to be,’ and that’s the end of it, right? He’s the boss and … he’s a great leader, fantastic leader. In Europe and around the world, they respect him.”

!!

Https://money.usnews.com/investing/news/articles/2024-03-09/chinas-lithium-market-set-for-long-term-uptrend-says-ganfeng-lithium

Lithium demand from producers of power batteries, energy storage and others will keep growing amid "an irreversible trend" of global energy transition, Ganfeng Lithium Chairman Li Liangbin told Reuters on Friday.

@64 - blimey - apologies again

I've been counting polls in the US

@Jonesy65 (apologies 54)

I doubt the US will be conned again- Although the worries I have are with foreign influence as was the case in 2016 with Russia and social media bots and sponsored manipulation.

All those millions spent - prices have dropped with AI -

https://www.youtube.com/watch?v=cthNNNrDaBk

The facts are accurate - IMHO

Https://oilprice.com/Latest-Energy-News/World-News/Chinese-Oil-Demand-Growth-Is-Set-to-Slow-as-Sales-of-EVs-and-LNG-Trucks-Climb.html

Growth in EV sales and LNG-powered trucks would shave between 10% and 12% off the country’s demand for gasoline and diesel just this year, Lu Ruquan, president of CNPC’s Economics and Technology Research Institute, said as quoted by Bloomberg.

That's a big drop in a year for a country with the oil demand of China - the cheaper cars are coming as well as competitive models across the the entire auto spectrum. Let's see how this year plays out will lithium supply keep up with demand?

@Jonesy54,

not a chance that will happen:

Think they’re all waiting for Trump to be elected and dump the IRA, and take the US back to the Mayflower landings…Drill drill was his mantra.

Batteries will hit $50 / KWh and that's 3 years sooner than even Tony Seba, predicted, 2030 he suggested cost would hit $35 KWh, that could be 5 years sooner. -- $100 / KWh was said to be price parity with ICE

Joe Biden gave the speech of the union address earlier today and absolutely nailed it, silencing the sleepy Joe MAGA cult

Trump promised to save US coal in his 2016 campaign 'Trumpd Digs Coal'

https://oilprice.com/Latest-Energy-News/World-News/Chinese-Oil-Demand-Growth-Is-Set-to-Slow-as-Sales-of-EVs-and-LNG-Trucks-Climb.html

Growth in EV sales and LNG-powered trucks would shave between 10% and 12% off the country’s demand for gasoline and diesel just this year, Lu Ruquan, president of CNPC’s Economics and Technology Research Institute, said as quoted by Bloomberg.

@REMmakemerich, have you posted on a wrong BB? I'm trying to make sense of your post with news potentially due over the next few weeks, I'm surprised those trades went through, hopefully a good sign there's interest in the stock,

NPV share will increase, in the next few weeks:

Cadence has continued to invest in the Amapá Project, and a further updated equity position will be provided at the end of March 2024.

There's no DFS, as would be the case in a greenfield site - implementation will be underway in Tandem or as part of the DFS.

I suppose with the experience TCDIR have in engineering large project's they can be reasonably confident with the costing for the infrastructure - If the US is a possible destination for the high grade to produce green steel then that must open up similar possibilities for Brazil?

Https://youtu.be/gEswmiGsVUA?si=PN7DylzPMQVeEsZW

Https://www.telegraph.co.uk/business/2024/03/04/jaguar-land-rover-owner-split-off-cars-business-ev-shift/

And there's talk of circa $50 /KWh batteries this year, and for those who are following - this puts the point over very well, look at the the prediction from Tony Seba's chart!

https://www.torquenews.com/14335/ev-battery-costs-dropping-faster-predicted-even-tony-seba

Note the $100 / KWh was achieved as Tony Seba predicted 2023, that being the price parity with ICE - Now when did he suggest $50 / KWh ?

We could be at $35 / KWh in a year that's 2030 pricing

I do miss the input from Observer842, he was one of the posters who were on the ball with research on where EV's and storage was heading.

I hope he is just taking a rest from AIM.

Jaw dropping figures for Chines power generation:

https://www.youtube.com/watch?v=QgIKogrM-tQ