Member Info for jimb2

Just to confirm updated:

https://www.tribuna.com.mx/sonora/2023/2/14/gira-de-amlo-culminara-en-cajeme-el-proximo-domingo-afirma-alfonso-durazo-323628.html

He commented that on Saturday, the authorities will visit Bavispe . "We are going to inaugurate the Agua Prieta-Bavispe road . We are going to the hill of La Ventana , which is the heart of the largest mining deposit in the country, from there we are going to the section of the highway from Hermosillo to Tecoripa, we are going to make an evaluation of the progress in the modernization of the port of the Guaymas-Chihuahua highway and of the rural roads that are being built in 9 municipalities of Sonora”, he added.

Lacking in detail handing over concessions seems to have been omitted!

https://kalkinemedia.com/cn/business-news/business-financial-news/brief-blackrocks-long-position-in-ganfeng-lithium-rises-to-735-hkex-filing

6.84% to 7.35%

I wonder if Sonora news is a consideration?

Just thinking if a circa $400m investment was at risk would you wait if you expected bad news?

https://www.nytimes.com/2023/02/13/business/energy-environment/ford-catl-electric-vehicle-battery.html

Now official,

Tesla haven't started mining in Nevada as far as I know, reliable low impurities feedstock is key!

All in Spanish, but we are not the only ones waiting years!

https://expansion.mx/empresas/2023/02/13/la-promesa-del-litio

But while the project shows no physical progress and the town continues to wait, some facts are taken as signs: the residents say that, at the end of last year, a Chinese businessman came to Bacadéhuachi, rented one of the houses in the town center and continuously He travels the two hours from the main square to some land that is near La Ventana, in a car that the residents already recognize.

With more than 80 years, Abelardo Ayala takes his cows to graze on the land where the mine should be. He no longer thinks he can see with his own eyes the exploitation of the metal that people talk about so much. That hope, for him, has already vanished.

Plenty of news flow appearing.

Will we make headlines?

https://www.fastmarkets.com/insights/argentina-sets-reference-price-for-lithium-exports

Interesting March 10th save The Date small group discussion, that just might cover news of the Evergreen listing and any association with IRIS and Piedmont, they do seem to follow Piedmont very closely.

Seems to be going to Tony Seba's script:
https://www.seattletimes.com/business/electric-vehicles-could-match-gasoline-cars-on-price-this-year/

J curves,

Not new news but CATL did halt any decisions with NA involvement after the Taiwan visit by Nancy Pelosi:

https://www.reuters.com/business/autos-transportation/ford-announce-new-35-billion-battery-plant-michigan-sources-2023-02-10/

And this could include Tesla if Mexico does go ahead that IMO seems very likely now.

https://insideevs.com/news/598917/catl-mexico-battery-factories-tesla-ford/

Could be an interesting week building up to next weekend.

Seems the date for the announcement concerning Ganfeng will be 18th February and the concessions for LitioMX a day earlier from recent articles:

last three paragraphs:

https://www.dossierpolitico.com/vernoticias.php?artid=277440&relacion=&tipo=Noticias&categoria=1

And not limited to T-MEC, now that's the first time I've noticed that mentioned recently.

https://latinus.us/2023/02/09/mexico-buscara-participacion-mayoritaria-acuerdos-con-empresas-privadas-del-sector-litiomx/

“They have to be partnerships that are attractive to them and to us.”

"It is analyzed on a case-by-case basis and evaluated (...) so that it is a win-win," added the official.

The director of the parastatal company refused to answer about the companies with which they are holding talks for possible deals, but mentioned that, in addition to Canadian, American and Mexican companies, there are firms from other nations.

Late last month, López Obrador said that his administration was working to finalize agreements with a lithium mining company located in the north of the country, without giving further details.

Thanks also from me @Dallazdas,

That's very positive - and as I read it Ganfeng don't appear to be compelled to form a JV and if that' the case perhaps the La Ventana handover may not be on February 17th!

In his weekly press conference, Governor Durazo Montaño added that the Sonora Summit will be held in Hermosillo on February 16, an event promoted by a group of national businessmen, whose agenda will include the Sonora Sustainable Energy Plan and its impact on the state development, as well as other topics of interest to investors.

Indeed @observer842 news could be any time and likely outside of UK trading hours.

https://www.sonora.gob.mx/acciones/noticias/empresarios-nacionales-visitaran-el-estado-para-conocer-el-plan-sonora-de-energia-sostenible-alfonso-durazo.html

"I want to highlight that this visit has aroused the interest of the business representation in the country and that we have a visit from the presidents of all the business organizations in the country, the national organizations that will be here on February 27," he said.

In his weekly press conference, Governor Durazo Montaño added that the Sonora Summit will be held in Hermosillo on February 16, an event promoted by a group of national businessmen, whose agenda will include the Sonora Sustainable Energy Plan and its impact on the state development, as well as other topics of interest to investors.

Any thoughts that perhaps Ganfeng have secured the mine and battery facility but the sticking point is exporting maybe to honour off-take?

And he added: "regulation is already being sought in this sense, even if it takes time, what we want is for this strategic mineral to benefit the people of Mexico, for example, not for it to be extracted and taken away, but for it to be extract and establish a battery plant in Sonora so that jobs are generated and the benefit remains in Sonora”.

Just a thought!

Well @Zoom56 as we approach the La Ventana handover anything could happen outside trading hours!

Interesting point of view:

https://dossierpolitico.com/vernoticias.php?artid=277305&relacion=dossierpolitico&categoria=2

This medium established contact with the spokesperson for the mining company, who commented that for the moment no interviews or positions are granted regarding investigations and production in the Bacadéhuachi deposit or the possible effects of the reform of the Mining Law, which they will do in due course.

very likely NDA!

And today's comments (article dated today)

https://dossierpolitico.com/vernoticias.php?artid=277303&relacion=&tipo=Noticias&categoria=1

President López Obrador pointed out that the new BMW plant in San Luis Potosí could also benefit from the battery plant that will be powered by Mexican lithium, since the German assembly company will produce electric vehicles in that place.

@tomcat-14, yes I agree taxes and royalties seems to be the rhetoric if the interpretation from the translation is correct, Pemex does export oil,

I do also wonder if Ganfeng have in their plans to produce solid state batteries in Mexico it would make sense them being the Worlds number one Lithium metal producer or perhaps just add lithium metal as a supply line.

http://www.ganfenglithium.com/about1_en.html

That purity is critical and not just the percentage but in addition the type of impurity:

https://www.researchgate.net/publication/346203071_Review_on_the_production_of_high-purity_lithium_metal

Just thinking ahead will Lithium metal production be limited to feedstock sourced from the highest quality resources and companies with the know how? -- two ticks!

And todays comments,

https://www.tribuna.com.mx/sonora/2023/2/6/amlo-respalda-durazo-empresas-privadas-podran-trabajar-con-litiomx-pero-bajo-contratos-322773.html

Lithium, like petroleum , are the nation's minerals. They cannot be privatized. Of course, they can be carried out, in the case of lithium, well, contracts for extraction, to process it, as long as the owner [of lithium] is the nation; that they do not have to deliver the benefits, or the profits, what they call shared profits, but a contract can be carried out with a specialized company to do an extraction job, but the lithium belongs to the nation," AMLO mentioned in his press conference.

HASTINGS TECHNOLOGY has released a new announcement:

Yangibana Ore Reserves Increase by 25%

So 60% reduction in C02 - has to be materials sourcing and solar!

https://www.milenio.com/negocios/bmw-construira-centro-produccion-baterias-slp

"The new battery format will increase energy density by more than 20 percent and improve charging speed, while COz emissions from cell production will be reduced by up to 60 percent," he explained.
He commented that the construction of the battery plant will start in 2024 to begin assembly operations in 2027.