Member Info for jimb2

Good chance of that @Observer842,

https://www.paudal.com/2022/10/27/amlo-trusts-meeting-with-kerry-tomorrow-despite-agenda-in-london/

“Yes, Secretary Kerry is coming to Sonora”assured López Obrador in his conference “morning” this Thursday at the National Palace.

“That is the report I have, and it does come from London and goes to Arizona and from there to Hermosillo”added the President, specifying that the meeting will be held tomorrow, Friday, October 28, at 4:00 p.m.

President López Obrador said that there could be a joint conference with John Kerry, “but we still don’t know how the format is going to be.”

“It would be good, it just depends on the parties, to open the meeting from the beginning, but if it is not possible, then inform a press conference”mentioned when noting that topics on electric power and lithium will be discussed.

https://mundominero.mx/amlo-y-john-kerry-discutiran-planes-en-torno-al-litio-mexicano/

The President of Mexico, Andrés Manuel López Obrador, announced that on Friday, October 28, he will meet with John Kerry, Special Envoy for Climate at the White House, in order to discuss the Sonora Plan, which contains the lithium production plans for part of the Mexican state.

The meeting will be behind closed doors and will take place in Hermosillo, Sonora, where the Governor of the entity, Alfonso Durazo, who was also appointed by the Executive to coordinate the parastatal company Litio for Mexico, will also take part.

#####

Any chance Ganfeng might announce their plans tomorrow?

The ban on shale gas fracking in England has been restored by new Prime Minister Rishi Sunak in his first PMQs.

His predecessor Liz Truss had lifted the ban on the controversial process where there was local consent.

@EV_Bull,

https://newsbeezer.com/mexicoeng/john-kerry-announces-he-will-be-in-london-on-the-day-he-is-due-to-meet-with-amlo/

You have to admire him for his work ethic and determination to tackle climate change!

Thanks @Barksy1,

Comments like this are describing a j curve - that's disruption!

In the third instalment in this series since 2019, Reuters calculates that global automakers expect to spend nearly $1.2 trillion through 2030 on EVs, batteries and materials. The number, which has not previously been published, dwarfs previous investment estimates by the industry and is more than twice the previous calculation published just a year ago.

I've see similar reporting on renewable energy in recent years in particular wind - so the analysts continue to forecast on a linear scale
And why lithium is at $80k/t more than 11'x the figure Morgan Stanley forecasted, COP27 news started to appear in the media so let's see if that generates a little interest!

We will see our j day!

IMVHO

Remember the ultimate goal is to get solid state lithium batteries into EV’s and to achieve this the quality of the source material has to be of the highest grade and with the acceptable impurities – car recalls are seriously damaging:

Slide 8

http://www.ganfenglithium.com/ir_detail_en/id/2546.html

My money is on Ganfeng producing Solid state batteries in Sonora for the US market.

'he' being AMLO - of course,

During the visit of the White House Special Envoy for Climate, John Kerry, to Sonora next Friday, he will meet with President Andrés Manuel López Obrador, and they will discuss energy projects and the development of the Sonora Plan in the region.

Confirmed he will be talking lithium with John Kerry on Friday:

https://www.jornada.com.mx/notas/2022/10/24/politica/proximo-viernes-el-dialogo-con-kerry-sera-sobre-proyectos-energeticos/

“On Friday we are going to have a meeting with him in Hermosillo, in the afternoon, we are going to make an evaluation of what has to do with the electrical plans but also the Sonora Plan, which includes lithium, batteries, the automotive industry, it is a plan integral". He stressed that Kerry “has been very respectful” of the Mexican administration's energy policy, in particular the electricity reform.

And talking about batteries CATL are reconsidering North America due to the inflation reduction act and the requirements for materials sourced in NA, now Ganfeng don't have that problem!

https://www.asiafinancial.com/china-ev-battery-giant-catl-sees-profits-nearly-triple

But it’s to halt investment plans in battery plants in North America due to concerns that new US rules on sourcing battery materials will drive costs higher.

RK Equity Presents: Lithium: Bound for Glory - always an interesting outlook.

https://youtu.be/kTUcKc1WQkM?t=173

I also note that SP Global are suggesting a 30% to 40% correction to $50k/t -

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/102122-lithium-set-for-correction-amid-supply-growth-in-recessionary-climate-ft-event-participants

I'm not so sure that will be anytime soon but $50k/t is not bad news.

Don't rule out COP27, I do believe we will see no end of announcements for battery storage projects, not that it isn't already happening but COP27 this year with world events will see a historic acceleration - IMVHO,

This is two years old:
https://www.altenergymag.com/article/2020/04/what-is-the-cheapest-form-of-energy/33009

Not long ago, coal was the cheapest form of energy. Now, solar and wind plants are half the cost of new coal plants. Cheap renewable energy and low-priced batteries are anticipated to lead to wind and solar producing 50 percent of the world’s electricity generation by 2050.

Well in terms of disruption storage battery costs may have been reduced by circa 30% since 2020 with battery tech developments, I can see that figure much sooner.

https://cnevpost.com/2022/10/21/eve-energy-unveils-560-ah-energy-storage-battery/

Eve Energy unveils 560-Ah high-capacity energy storage battery

The battery allows for a 50 percent reduction in the number of cells and a 47 percent reduction in the number of Pack parts, resulting in a 30 percent increase in productivity, according to Eve Energy

And similar with CATL
https://www.catl.com/en/news/1023.html

Long Service Life: Energy storage battery for power generation, transmission, distribution and consumption carry a high demand for long service life and high reliability. With upgrades in battery components to slowdown battery capacity loss, CATL has successfully set a global benchmark with a single battery life of 12,000 cycles, and reduce the Levelized Cost of Using Storage (LCUS) throughout the battery lifecycle. CATL is now undertaking further research and development in its electrochemical energy storage solutions, with the aim of increasing the cycle life to a record high of 18,000 – thus expanding the scale of a single energy storage power station to 1GWh and rivalling the pumped storage level by cost per kilowatt hour and energy storage capacity.

You can add many more manufacturers to those names who have great storage tech!

The life of these storage units is now in in decades, a 10,000 cycle unit discharging by 80% daily would have a life expectancy of around 35 years.

We are beyond the tipping point, the analysts are stuck in linear thinking.

Just remember Joe Biden got the inflation reduction act through with $369bn for energy and climate projects and then last week an additional $2.8bn to support battery material production.

https://www.reuters.com/technology/mercedes-signs-deal-with-rock-tech-lithium-push-e-vehicle-drive-2022-10-20/

Makes you wonder how big the EMH deals might be!

Great find @Barksy1,

gives me some degree of confidence that things are about to start moving.

Yes, @Bannor,

LV has just a small area for KDNC JV to come in to play based on early mining plan etc, maybe the new plans with the Mexican gov will be to see the 'Permian Basin' of lithium to use an analogy with North American oil?

Worldwide:

"He explained that this area is seven kilometers long, 2.5 km wide and 400 meters deep, and that the important thing about his visit, as well as the information obtained, is to have a complete picture of both lithium and its potential worldwide."

One company with ten concessions or multiple companies?

https://www.today90.com/lithium-deposits-in-bacadehuachi-represent-a-watershed-for-the-economy-of-sonora-governor-alfonso-durazo/

Accompanied by Miguel Ángel Maciel Torres, Undersecretary of Energy, the state president visited the lithium deposits, in the municipality of Bacadéhuachi, near the hill known as La Ventana, a place that contains a great wealth of this material and with possibilities for its extraction.

#####
fondly known as the 'Jewel in the crown' by lth's

https://proyectopuente.com.mx/2022/10/19/potencial-del-litio-en-sonora-es-excepcional-queda-descartado-que-no-se-pueda-explotar-confirma-alfonso-durazo/

"It has been said that the exploitation of lithium from Bacadehuachi is not profitable due to the mixture of clay it has, but I want to tell you that there is already a procedure for its exploitation, for its separation," he said.

He added that tomorrow he will attend an appointment with President Andrés Manuel López Obrador , to present the results of the scientific research carried out in the area, as well as the definition of the Sonora Plan for renewable energies.

@Barksy1,

I doubt google did a great deal of street view imaging since June 2019 with the pandemic?

So I'm thinking the containers were there as of earlier this year and are now gone, fingers crossed!

Silly numbers coming from the Chinese lithium players:

Ganfeng Lithium expects Q3 net profit to grow up to 662% year-on-year

Tianqi Lithium expects Q3 net profit to rise up to 1,364% year-on-year

Good to see CATL picking up on some huge US projects!

https://www.scmp.com/business/china-business/article/3196364/chinas-catl-supply-batteries-record-breaking-solar-storage-project-near-las-vegas-us

China’s CATL to supply batteries to ‘record-breaking’ solar storage project near Las Vegas, US

#####

Maybe that issue with Nany Peloski's Taiwan visit is over and done with?

Xi looking like a third term!

yes Barksy1, it's not that clear from google maps or earth but the image on both in street view is the same from June 2019:

g_earth
https://tinyurl.com/2hp956de

g_maps

https://tinyurl.com/hze9ydea

So I think the earth satellite view is more recent showing the containers, if anyone can elaborate?

There's a number of containers that have moved from the compound in Hermosillo, check google earth against the lead image below and where the group are walking there should be several containers in view between them and the outbuilding with the two chimney stacks, they are passing by the start of the conveyor belt on the spot where one should be!

https://telemax.com.mx/2022/10/18/explotacion-del-litio-representa-un-extraordinario-potencial-para-sonora/?utm_source=rss&utm_medium=rss&utm_campaign=explotacion-del-litio-representa-un-extraordinario-potencial-para-sonora

Well that's intriguing if they were the property of Ganfeng/Bacanora!

indeed @Barksy1

and a Chinese looking gentleman with Litiomx onsite:

https://telemax.com.mx/2022/10/18/explotacion-del-litio-representa-un-extraordinario-potencial-para-sonora/?utm_source=rss&utm_medium=rss&utm_campaign=explotacion-del-litio-representa-un-extraordinario-potencial-para-sonora

https://miningmexico.com/amlo-y-john-kerry-hablaran-de-energia-y-litio/

“We are looking at the agenda, I would like it to coincide with this trip that I am going to make to Baja California Sur, Sonora and Sinaloa for the health program. Take advantage and meet there in Hermosillo, Secretary Kerry will be in Hermosillo or in Peñasco”, indicated the president.

Likewise, López Obrador commented that the idea is to produce renewable energy in the north of the country and on the border with the United States. In addition, he specified, this will be accompanied by the plan to develop lithium in the area, in addition to looking at the possibility of plants for the production of batteries.

Likewise, López Obrador commented that it is planned to replicate the model of the solar plant in Peñasco 4-5 times and accompany it with the development of lithium, which has already been nationalized. He added that the possibility of creating battery production plants to develop the automotive industry and manufacture electric cars is being looked at.

“We want to start with lithium exploration and production plans. Work is underway,” said López Obrador.

That's a visit later this month, John Kerry doing the rounds before COP27 - more important this year than ever with the climate and energy crisis.

I also did see an article where AMLO suggests they have an understanding to avoid the T-MEC dispute.

Now we just need Ganfeng to reveal their plans and a positive sign in terms of geo politics:

October 8th:

Gotion High-Tech, a Chinese electric vehicle battery supplier for Volkswagen and other big auto names, will build its first major American factory in Michigan as the company gears up to meet growing demand in the US.

2,350 jobs!

https://technode.com/2022/10/08/chinas-gotion-high-tech-to-build-ev-battery-factory-in-michigan-creating-2350-jobs/

CATL still to decide on their plants location.

https://www.forbes.com/sites/russellflannery/2022/10/03/warren-buffett-backed-byds-ev-shipments-soar-to-record-in-september/

j