Member Info for jimb2

Politicians and Emperors!

So the response from Ganfeng should be interesting.

Nothing more than they will not be able to with their protections and their controversies in the Judiciary. The decision has already been made, the Law is approved in the Legislative Branch and lithium belongs to the nation, ”he emphasized.

At the "Mario Barceló Abril" High School, in the town of Bacadéhuachi, Sonora, President López Obrador specified that after the signing of the decree, the so-called "technological part" continues.


The foregoing, when remembering that the lithium located in Sonora is in clay, unlike how it is found in rock or brine in Bolivia, Chile or Argentina, so special treatment is required.

Fortunately, he said that Mexican researchers and technicians carry out the pertinent studies to find a way to extract it, process it, "that is, separate it from the clay and already have this raw material" for the production of batteries for electric cars.

https://www.publimetro.com.mx/noticias/2023/02/18/sonora-amlo-firma-decreto-de-nacionalizacion-del-litio-en-bacadehuachi/

Nothing to suggest Ganfeng's involvement, so far!

The announcement:

https://www.youtube.com/watch?v=yszf-H1heUw&ab_channel=Andr%C3%A9sManuelL%C3%B3pezObrador

Doh! Spanish

@Barksy1,

not much help with no translation but it might show who is at Bacadehuachi later: A_L.O YouTube channel:

https://www.youtube.com/watch?v=xxRkR97Nv3I&ab_channel=Andr%C3%A9sManuelL%C3%B3pezObrador

GLA

Big!
https://www.elsoldemexico.com.mx/finanzas/elon-musk-hablara-con-amlo-para-definir-ubicacion-de-nueva-planta-en-mexico-9634715.html

"The important thing is that very soon we will have confirmation that this company , which is so impressive and very close to Mexico's electromobility priorities, " he said.

Ebrard highlighted the importance of the company and pointed out that the government has already confirmed the arrival of another 26 companies to install plants in the country in the coming months . In addition, they are in negotiations with 400 other companies to attract significant investment , including Tesla .

@roger65,

Another day when China didn't invade Taiwan.

What affect would that have it if happened across your portfolio:

Just being devil's advocate!

Transcript:

https://heraldodepuebla.com/2023/02/17/ebrard-anuncia-llamada-entre-elon-musk-y-amlo-por-inversion-de-tesla-en-mexico/

In addition, he asserted that after meeting with Rohan Patel , Tesla's director of Business Development, he expressed the company's interest in participating in the so-called Plan Sonora, launched by López Obrador and focused on promoting solar energy and lithium extraction in that northern state.

"They produce photovoltaic cells, because they can also see that as another participation of theirs in that ecosystem that is also being created in Mexico," stressed the Secretary of Foreign Relations.

Don't forget the subtitles and translate to English - Marcello Ebrard about the call earlier today - Sonora Plan does get a couple of mentions and the Tesla ecosystem

https://youtu.be/-pE7vxXfwOo

https://wtvbam.com/2023/02/17/analysis-teslas-search-for-mexico-location-shows-bumps-on-nearshoring-road/

In either place, Tesla will depend on the federal government to tap in to Mexico’s strained energy supply and face difficulties securing substantial power from renewable sources.

That puts the Austin, Texas-based company – and any other major investor looking to build factories in Mexico – at the mercy of political forces mostly dictated by Lopez Obrador. The nationalist leader has prioritized Mexico’s state power utility, CFE, despite criticism that its fossil fuel turbines pollute and that it crowds out private enterprise.

The United States and Canada have formally entered a trade dispute over Mexico’s energy policy.

Probably very little if that's the detail, if they announce a JV with Ganfeng in Sonora or a supply deal then Monday we could multi bag and then Tuesday the market will wake up and we will multi bag some more.

Depends really if any news associates us with Tesla's plans and even if it's the known plans - if it's the yet to be released plans of the mass produced car that's going to exceed sales of all other Tesla's added together............... or just

CyberTruck
SemiTruck
Megapack
Model__
Tesla's plans are described as 'Extreme'

Just a waiting game with the visit on Saturday to La Ventana\Bacadehuachi the biggest lithium play in Mexico and one of the largest globally and a phone call announced between Musk and A_L.O so close to the visit.

Or it could be uneventful and Monday is just another Monday waiting for Evergreen news that might be next on the horizon March 10th.

Good job we are all holding tight and continue to add!

@roger65,

if what will?

https://www.yucatan.com.mx/mexico/2023/2/17/alfonso-durazo-sonora-trabaja-para-convertirse-en-pilar-fundamental-de-la-cuarta-transformacion-383504.html

The visit to Bacadéhuachi, the Sonoran governor anticipated that it will be "historic", since the largest lithium reserve in the country is located there and the president imposed as a condition any companies interested in associating with Litio Mx for the use of these materials, it must establish its production chain in the state of Sonora, assured Durazo Montaño.

'it' should that it be they! (translation error?)

does he have a company in mind?

September 2022
https://mexicobusiness.news/mining/news/gangfeng-lithium-line-invest-litiomx

Alfonso Durazo, Governor, Sonora, shared that the Chinese company Gangfeng Lithium is open to invest in the state company LitioMx. Gangfeng is interested in investing in the exploration and exploitation of lithium in the state.

February 9th 2023:

https://www.elreporterodelacomunidad.com/vernoticias.php?artid=207690&tipo=general&cat=33&relacion=elreporterodelacomunidad

The president had already advanced in one of his morning conferences that his administration was seeking to reach a conciliation agreement with a company that has a permit to exploit the mineral in the north of the country. The negotiation would be aimed at avoiding going to court.

So far, the government has not publicly disclosed the name of the company with which it is conducting negotiations.

The sources did not specify at what point in the process the negotiation is, but said that it is being led by the Ministry of Economy and that the state company LitioMX would be in charge of the technical contribution in the negotiations. The talks began almost at the same time that the president proposed the change to the Mining Law, last April, which removes the possibility of giving more concessions to private companies in places where there could be mineral reserves.

LitioMx President Pablo Taddei, interviewed by the news agency, emphasized that it is possible to form a joint venture with a private company, provided that the public company has decision-making power over the project. The interest holding ratio will be determined after considering factors such as the type of deposit, and will be considered on a case-by-case basis. Governor Taddei also revealed that the government is considering tax incentives to create a win-win relationship for both parties, showing a positive attitude toward the introduction.

Although there is currently no domestic lithium production in Mexico, LitioMx expects to announce a lithium project in the second half of February 2023, according to the president.

just another view, will they make the sensible decision?

https://elceo.com/negocios/litio-con-potencial-para-mexico-pero-tomara-anos-y-cuantiosas-inversiones/

Still nice to have a chance to buy at sub 15p - 11,891 14.80p

Regardless of the outcome this weekend.

this is a good insight into the possible short term announcements from Tesla, posted 2 hours ago 10,000 views

Tesla Master plan 3 - very dependent on mining supplies

https://youtu.be/jnAAv9syc24?t=184

There's a few upbeat posts today from Marcello Erbrard:

https://mexicodailypost.com/2023/02/15/marcelo-ebrard-says-tesla-announcements-for-mexico-are-imminent/

I don't believe this is just one factory to assemble cars in Mexico!

@Barksy1,

I don't think I'll apply for the PR job,

A good read on the position with the granted concessions from Deloitte head of energy and natural resources at Deloitte Latin America

https://www.bnamericas.com/en/interviews/private-sector-critical-for-mexicos-lithium-ambitions

I do wonder what the big news on February 18th might be considering Ganfeng have already made it clear they have $1bn to invest growing to $3bn - if of course that hasn't change over the last few months.

my mistake @roger65, it was January:

roger65

Posted in: KDNC

Posts: 2,519

Price: 14.50

No Opinion

RE: Plan Sonora 12 Jan 2023 16:26
Playing devils advocate… I hope they get on with any deals quickly and before China invade Taiwan or else we’ll be in the midst of sanction city, just like so many investments in Russia went belly up.

if that happened I would be concerned across your entire portfolio!

I'm not sure why you are so concerned @roger65,

China hasn't invaded Taiwan, I know that concerned you in December, still come Saturday evening we should have a clearer picture of the Sonora position.

And although China US relations seem strained we have Ford investing $3.5bn with CATL in the US and the we have the President of Mexico visiting the La Ventana hill on Saturday, that's the heart of our concessions the biggest lithium mine in Mexico and significant globally - easily missed,