Member Info for jimb2

You still do,

You have to wonder if the best way forward is to just buy from the Chinese giants they have disrupted the auto industry in battery development and are benefiting from years of R&D that the incumbent are just embarking on. They have production mastered and are reducing costs - that's hard to compete against if you want to remain in business - You only have to look at Tesla who are using BYD and CATL batteries.

The latest on M3P:

https://www.teslarati.com/catl-developing-validating-m3p-batteries-tesla-report/

The point I'm making is Tesla can produce their own batteries and have invested greatly over the years - I think their strength is in the technology in manufacturing and their platform so leave the batteries to the Chinese.

Worth a look, shows how Tesla have disrupted the manufacturing process to build cheaper EV's

i'm Buying So Much Tesla Stock Before This Happens.. - Sandy Munro

https://www.youtube.com/watch?v=KkSLuo8kfcI

If only Sonora had the go ahead, who knows what Ganfeng would be hitting on production figures, maybe producing batteries also - maybe others doing so in Sonora - The US doing deals with Chile on Lithium that might well have been from Sonora.

It's almost like screwing up investment in Saudi oil the UK did in 1932 - except the Mexicans are screwing up their own resources at a critical time - why are the US looking towards Chile? they know what's coming!

https://www.qdl.qa/en/emir-faisal%E2%80%99s-diplomatic-mission-and-britain%E2%80%99s-reluctance-invest-saudi-oil-1932

AMLO's legacy a failure with this and with Pemex, and now the next candidate for presidency has laid out her 100 promises:

https://menafn.com/1107926423/Sheinbaum-Unveils-Economic-Plans-For-Mexico

Halt open-pit mining concessions and assess undeveloped concessions' environmental and social feasibility. Prohibit hydrocarbon exploitation through fracking.

https://ceoworld.biz/2024/03/03/chile-plans-to-have-3-or-4-new-lithium-projects-operational-by-2026/

treasury secretary janet yellen said the us is likely to increase mineral imports from chile. “i can’t tell you numbers but i imagine that we will be expanding substantially our purchases from chile,” she told reporters saturday after visiting an albemarle corp. lithium processing facility in the northern city of anto***asta. “we’ve been talking about that throughout the trip.”

that must be hurting the mexicans after the clown show of the last two to three years and considering they will have two of the worlds leading ev manufacturers with plants on mexican soil!

byd americas chief says mexico plant by year end, but no plans for exports to usa (plant not in northern states)

https://etn.news/buzz/byd-stella-li-mexico-no-usa-plans

still mexico and brazil have a combined population of circa that of the usa and no real penetration of ev's

Https://www.youtube.com/watch?v=KkSLuo8kfcI

@MJMSG

the next six months will be historical in the auto motor industry - IMVHO

Lithium prices will rally -

Https://www.bbc.co.uk/news/business-68420817

Apple out,

Huawei in!

I do believe we will see a surge later in the year on lithium prices and further investments in EV battery supply, I hate to say it but what's becoming obvious is the stage we are at in ICE disruption and the incumbents are now paying the price for not taking this seriously the Kodaks are springing up.

Https://finance.yahoo.com/news/byd-americas-boss-claims-carmaker-145831870.html

I do wonder if they will also produce and supply batteries in Mexico.

BYD

4.2 million target 2024

2.2 million plug in hybrid and 2 million battery EV - new energy vehicles 2023 increased 62% over 2022

Jimb, Is it relevant in any way about 90% and BYD?

Well it is under the thread title of 'disruption'

I'm following the new global manufacturers that will drive the demand for battery metals and BYD look to be heading towards number one spot, people have focused on Tesla and Mexico whereas there's a strong likelihood BYD will be there soon.

I doubt the Mexicans will want imported lithium being used in battery plants and there's no sign of any production coming online, the best bet for Mexico seems to be Ganfeng.

Mexico are missing out!

BYD, 600,000 employees - 90,000 R&D

I'm pretty sure 90% of people outside China don't know who BYD are:

BYD Yangwang launches U9 electric supercar with starting price of $236,000 0 -100 Mph 2.36 seconds

https://carnewschina.com/2024/02/25/byds-yangwang-u9-launched-for-23600-usd-0-100-km-h-in-2-36s-with-lfp-battery/

plenty of talk that they will have production in Mexico and plenty of model that could be built there.

I can see them being the global top manufacturer within two years.

Dancing car ?

https://www.youtube.com/watch?v=c5SscJOrBWw

And of course they have storage from domestic, commercial through to grid scale at very competitive prices.

40% growth in storage expected this year, let's hope the lithium prices are heading north over coming weeks.

Tantalum, is being looked at with the flowsheet design work already funded:

https://www.youtube.com/watch?v=2sEmTBwCc7o&t=1210s

interesting!

Https://www.powermag.com/eia-solar-will-surge-in-2024-account-for-more-than-half-of-new-u-s-capacity/#:~:text=Solar-,EIA%3A%20Solar%20Will%20Surge%20in%202024%2C%20Account%20for%20More%20Than,Energy%20Information%20Administration%20(EIA).

Just a sign of what's ahead - doubling this year sounds impressive, and repeatable and of course storage should at least follow that trend if not at a higher rate.

I picked this up from the Electric Viking on YT, full credit to him.

Jaw dropping, the cars coming out of China by names not associated with car production - Huawei for instance and of course BYD is an example of how China can compete and win.

Will history show how disruption went unnoticed by the fossil fuel dependent countries not making the transition:

China has achieved remarkable results in green development across industrial sectors, according to the Ministry of

Industry and Information Technology (MIIT).

In 2023, a total of 78 steel enterprises completed the full-process ultra-low emission transformation of their production

capacity, totaling 390 million metric tons of crude steel. According to MIIT, by the end of 2023, a total of 5,095 green

factories had been established at national level, contributing to over 17% of the total output value of the manufacturing

industry, and the total output value of the environmental protection equipment manufacturing sector is estimated to

exceed RMB970 billion(USD134.75 billion).

In 2024, China plans to establish a green manufacturing and service system and nurture 1,000 national-level green

factories. The country aims to accelerate the establishment of a waste recycling system and encourage regions with

favorable conditions to create "zero-waste industrial parks" and "zero-waste enterprises."

The day will come when green is cheaper than fossil - who will get left behind.

UK running at 57% renewables as I post with 45% wind.

https://gridwatch.co.uk/

China,

Good way to finish the week with an RNS tomorrow.

Likely building on the recent news with the Estonian Gov:

https://www.investi.com.au/api/announcements/has/d2e988e6-b36.pdf

Strategic alignment with the vision of Hastings, the Estonian Government and the EU to establish an integrated mine-to-magnet European supply chain, developing capabilities to provide strategic materials to European original equipment manufacturers for electric vehicle traction motors and renewable energy technologies

~~~~~~~~~~~~~

This agreement builds on Estonia’s existing rare earth mineral processing capabilities and strongly aligns with the Estonian Government’s objectives to strengthen Estonia and the EU’s ability to provide strategic materials needed for electric vehicles and renewable energy technologies.

Neo of course involved in Estonia:

Slide 6

https://www.neomaterials.com/wp-content/uploads/2024/01/Neo_Investor_Presentation.pdf

HAS and EMH could both play a significant role in coming months with the EU CRM supply chain objectives -

Apologies @Bannor

looking at a cached page your post didn't show until after I also posted

Maybe something positive for HAS?

Hastings Technology Metals Ltd (”the Company”) requests a trading halt in its securities until the earlier of an announcement to the market regarding a material tolling and offtake agreement or the commencement of trading on Monday, 19 February 2024.

Surely the EU can't work that fast : @Fingersxed

That's a good point, maybe they realise they need to shift to the same gear as China has been driving in for the last five years or so.

BYD to name one for auto manufacturing but just on the battery front there's talk of battery costs dropping 50% this year from CATL and BYD - what will that do to demand for materials.

And it must be a concern that the Chinese are reaping the rewards for years of R&D that's making them far more competitive today than the incumbent.

Yes, it's plain old disruption.