Member Info for jimb2

Chinese will buy our Amapa holding in the next year, my view,

And why I've pushed through my max holding again,

This should hopefully be a news release that gives decent tick up when is comes - if the discussions have a positive outcome.

Project Financing

Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.

It must be a very high likelihood that Amapa will supply Chinese companies in Brazil, one that comes to mind and is already producing chassis and LFP in Brazil - the main battery site at present is Manaus 650 miles away on the Amazon'

Chassis for trucks and buses.

BYD is planning to build three production facilities on a former Ford industrial site in Brazil: one for the production of electric and hybrid cars, one for chassis for electric buses and trucks, and a third that will process lithium and iron phosphate for the international market.

To convert the site in the Camaçari industrial park in the Brazilian state of Bahia, BYD is ready to spend up to three billion Brazilian reals, the equivalent of around 570 million euros. According to Reuters, the announcement comes after the government signalled its willingness to grant BYD subsidies for the construction of a new electric car centre. Ford closed the site in 2021.

BYD’s move in Brazil does not come as a surprise. As early as November 2022, the manufacturer said it was preparing the production of electric vehicles and the processing of raw battery materials in the South American state. The Chinese manufacturer also signed a memorandum of understanding with the government of the state of Bahia at the time.

They are not alone, Brazil is going to have a big demand for iron ore supply to the EV industry.

https://www.electrive.com/2023/07/05/byd-to-manufacture-evs-chassis-and-battery-materials-in-brazil-from-2024/

Don't miss the chance to get some EMH on the cheap!

as I posted on EMH earlier:

jimb2

Posts: 6,252

Price: 25.25

Strong Buy

RE: Surplus of Li for years21 Dec 2023 23:29

I'm surprised, and disappointed

I did have some trust in KC but let's not jump to conclusions, it could be that financing from wherever is scrutinising to a higher degree?

I'm surprised, and disappointed

I did have some trust in KC but let's not jump to conclusions, it could be that financing from wherever is scrutinising to a higher degree?

Cinovec Definitive Feasibility Study to be Completed Q1 2024

Https://cnevpost.com/2023/12/19/byd-catches-up-with-tesla-bev-share-q3/?utm_source=substack&utm_medium=email

BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.

...............Disruption

I do believe we will see a recovery on lithium investments early on 2024, plenty of big bucks acquisitions over the last couple of weeks .

If you follow the Chinese tech companies that are launching EV's - OMG they are along with BYD real competition to the incumbent ICE manufacturers with EV offerings plenty of Kodaks will appear in 2024 and yes, the incumbents believe or will claim that EV's are slowing down!!

BYD to surpass Tesla - that's going to be a wakeup call!

Https://www.bbc.com/news/business-67752123

US Steel to be bought by Japan's Nippon in $15bn deal

The larger Nippon said the purchase would enhance its long-term growth prospects by expanding its footprint in the US, where the industry is expected to grow, boosted by recent government investments in infrastructure and electric cars.

LOL – And when Hanwa bought into Bacanora with the expectation they would bring on board their customer base to assist in funding the project…….

What a missed opportunity!

EMH lowest SP on ASX this year $94c AUS in June today - or is that t'day $50c -- that's how thing are just ride the storm.

I did have some expectation that news would be before year end - still a chance!

Hitting an all year low:

EMH lowest SP on ASX this year $94c AUS in June today - or is that t'day $50c -- that's how thing are just ride the storm.

Another link,

https://report.az/en/industry/us-concern-over-mexico-attracting-chinese-electric-vehicle-factories/

Https://www.eleconomista.com.mx/estados/Nearshoring-detona-IED-en-Sonora-Alfonso-Durazo-20231212-0089.html

The project, which formally started this year, has as guidelines to consolidate the generation of photovoltaic energy from the Puerto Peñasco Plant; natural gas liquefaction; creation of a decentralized company, led by the Navy, for the operation of the port and airports of Guaymas and Ciudad Obregón; and the beginning of operations of the lithium company, as well as the creation of a

“I would like to refer to the promotion that we have done of the Sonora Plan that has allowed us to be on the international stage, in January we will receive all the ambassadors of Mexico in the world, all the ambassadors are going to pay us a visit, it is a very great honor that I have shared, with the purpose of presenting the Sonora Plan to them,” he commented.

hopefully Ganfeng Will be escalating ti the international courts by then,

Energy disruption

https://www.asianmetal.com/news/2014453/China-Sep-Oct-cathode-and-anode-materials-output-up-by-over-25-YoY/1

https://www.euractiv.com/section/climate-environment/news/eus-von-der-leyen-hails-cop28-as-beginning-of-post-fossil-era/

@EV_Bull,

Perhaps together with the off-take and timing to coincide with any further European initiatives coming from COP28?

You are correct, @Zoom56 I'm not on my PC , they also added:

Additionally, Bacanora said it had acquired an additional 500 hectares of land at the eastern end of the plant site location, to allow for future plant expansions.

Thanks @Zoom56,

I guess that's reason enough no investment must be the reason:

The Mining Ministry turned the authorization for title to the General Direction of Mining Regulation on February 3, 2015 but to date the title has not been received.

To date no work has been done, nor any expenses incurred on the Megalit concession.

Still on the others Ganfeng look to be sure they meet them despite the recent Mexican rulings:

On Oct. 4, the General Directorate of Mines (DGM) indicated the possibility of canceling Ganfeng’s concessions due to non-compliance with its minimum investment obligations between 2017 and 2021. However, the company highlighted that there is evidence that its investment significantly exceeds what is considered minimum under Mexican law, reported MBN.

@Dallasdaz,

Was there a mineral resource estimate for Megalit? Just wonder if Ganfeng and KDNC see that as an area where spending could be challenged.

January 2018

The data and MRE described in this report relate only to the Mexalit and MSB concessions. The concessions held by Megalit have not been reviewed by SRK and the Mineral Resource statement does not include material from the Megalit concessions.

In 2010, Bacanora commenced a diamond drill program on the La Ventana concession before expanding the targeted area to include the El Sauz and Fleur concessions in 2013. Further drilling was conducted in 2015 and in 2016 to improve the drilling grid density. At the time of writing, a total of 17,965 m in 128 holes has been completed on the Sonora Lithium

Project. The drilling has demonstrated that the lithium mineralisation exists in two units along approximately 7.2 km of strike length.

As far as I'm aware KM was not planning any legal challenge other than to sit it out for Ganfeng to take the issue on, something changed that and I'm thinking it was the Chinese Mexican trade agreement being explicit on the nationalisation of the investments and other terms. This may have prompted KDNC to search for a similar agreement and of course that exists and is the basis for the KDNC challenge.

I do believe there's a great degree of confidence in the outcome favouring both Ganfeng and KDNC, the trade agreements are similar in wording.

Ganfeng's dispute agreement:

https://investmentpolicy.unctad.org/international-investment-agreements/treaty-files/759/download

The agreement Cadence minerals are disputing:

https://assets.publishing.service.gov.uk/media/5a74ba5ae5274a3cb2866b4c/6860.pdf

http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428233803936219

It must be causing some delay in investments, who is going to commit to hundreds of millions investment in disputed concessions?

March 2023

Speaking at a news conference, Lopez Obrador said he had invited Musk to visit and would like him to tour the northern state of Sonora, where the government is building a solar energy park and pushing for state-run lithium production.

"I told him lithium has been nationalized, but that doesn't mean we can't come to an agreement," he said.

I think A_L.O wanted a Tesla 5p party as well as part of his legacy, I don't believe Elon Musk was in favour of shafting Ganfeng!

Tesla model 2 production is going to be Texas then Mexico, and Tesla Cybertruck Texas then Mexico!!

https://mexicobusiness.news/automotive/news/nuevo-leon-secures-spot-teslas-second-cybertruck-plant

Despite this plan, Musk acknowledged delays in the construction of the Gigafactory in Nuevo Leon. The setback has extended the timeline for completing the facility beyond initial estimates, leading to questions about the project's viability. Musk clarified that the delay was due to groundwork being laid for the factory's construction.

IMHO, A_L.O, will not see a Tesla car produced in Mexico in his presidential term -

Groundwork - !

@Dallasdaz

https://bnn.network/politics/tatiana-clouthier-versus-alfredo-jalife-a-legal-battle-of-accusations-and-denials/

07/12/2023

Vocal Accusations and Arrest Jalife’s vocal accusations against Clouthier have been far from subtle.

He claimed that she stole Mexico’s lithium and surrendered the Mexican state to the Americans.

A claim that Clouthier has vehemently refuted on her social media platforms. The allegations, however, are not considered serious crimes by the Mexican Judiciary, and thus do not warrant pre-trial detention. Jalife’s legal fate now lies in the hands of the Control Judge.

https://us.firenews.video/world-news/amlo-confirms-jalifes-release-calls-for-guaranteeing-free-expression/

The president of Mexico, Andrés Manuel López Obrador (AMLO), confirmed on the morning of this Thursday, December 7, that the political analyst, Alfredo Jalife, has already been released after being detained last Wednesday night.

From the National Palace, the Mexican president assured that since the expert’s arrest they have been waiting for his release to take place, since freedom of expression must be guaranteed.

She has been behind the privatisation, and is still associated with Claudi Sheinbaun:

Tatiana Clouthier, recently appointed spokesperson for the pre-campaign coordinator for the presidency of Claudia Sheinbaum, justified the arrest on social media. She had initiated the legal proceedings against Jalife-Rahme for his ‘constant attacks’ back in December 2022.

https://www.reuters.com/world/americas/exclusive-mexico-now-ready-welcome-private-lithium-miners-2021-06-02/

Economy Minister Tatiana Clouthier told local radio last month that the government was considering a public-private partnership to develop lithium. She suggested the state might have a 51% stake, a blueprint Armenta says he also now backs. In the energy sector, private oil majors have mostly balked at joint ventures with national oil giant Pemex if the state-run company runs operations and it was unclear if lithium investors would react similarly.

5p back then and to suggest it was pie in the sky!

the disruption is playing out that lead people to those type of expectations, circumstances!

If the IRA $360bn and nearshoring was known when 5p was talked about... heaven forbid the party price.