Member Info for jimb2

Day of Judgment?

https://www.theguardian.com/environment/2022/sep/17/oil-companies-exxonmobil-chevron-shell-bp-climate-crisis

Again Andrew Forrest has a view, he shoots from the hip - a good video to watch but I've linked to what might be of interest around half way.

https://www.youtube.com/watch?v=LT_pAFcTltM&t=397s

@Barksy1, that also touches on the change to align with the energy and transport disruption:

“We are on the cusp of the most important transition human society has ever seen”

And one or two pieces of the jigsaw

Andrew Forrest, a man with a mission to replace fossil fuels – not bad less than one year on from COP26, that meeting with Joe Biden had a purpose:

https://www.todaypostimes.com/fortescue-to-establish-colorado-technology-hub-and-bring-jobs-to-america/

Of course, he will be looking for ships to transport Australian produce hydrogen/ammonia across the globe and to build hydrogen fuelled ships.

https://www.forbes.com/sites/craighooper/2022/09/14/austal-in-play-australian-billionaire-andrew-forrest-eying-big-naval-shipyard/?sh=6ee0a4974bbb

As one of the first big corporate moves emerging from the “AUKUS” defense agreement between Australia, the United Kingdom and the United States, Forrest’s growing stake in Austal has big international implications. Even if Forrest declines to take an active role in managing Austal, it is an exciting development for shipbuilding observers worldwide.

And next week
20th Mexico first meeting of Litomx

21st to 23rd US

This September in Pittsburgh, the U.S. will host the first-ever Global Clean Energy Action Forum, a joint convening of the 13th Clean Energy Ministerial and the 7th Mission Innovation ministerial. Governments, international organizations, the private sector, academia, innovators, civil society, and early career researchers and policymakers will join together in a three-day event that features a high-level plenary, topical roundtables with energy and science ministers from 31 countries, CEOs and experts, side events, technology demonstrations, and other activities.
The Global Clean Energy Action Forum comes at a pivotal time. We are on the cusp of the most important transition human society has ever seen, and we need to look back at 2022 as the year the world took giant steps to build a new energy economy that benefits all, improves energy security, tackles climate change, and reaps the rewards of a clean energy market that will exceed $23 trillion by the end of this decade.

November COP27 – what could possibly happen given the energy and climate crisis we are facing?

2012
https://www.miningreview.com/top-stories/glencore-in-line-for-anglo-s-amapa-iron-ore-mine/
Glencore in line for Anglo’s Amapa iron ore mine

https://www.reuters.com/markets/europe/glencore-looking-trade-lithium-soaring-ev-demand-sources-2022-09-16/

Surging and Soaring lithium prices - and that's news not ramping!

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is it possible we might be under the radar with Glencore - now that could be considered a ramp or a possibility?

worth a second ramp.

@Masterbaker,

that's odd, "month to month resuscitation" things are changing day to day with news galore:

https://www.bloomberg.com/news/articles/2022-09-16/lithium-smashes-new-record-as-supply-struggles-to-feed-ev-growth

https://www.reuters.com/markets/europe/glencore-looking-trade-lithium-soaring-ev-demand-sources-2022-09-16/

Surging and Soaring lithium prices - and that's news not ramping!

#####

is it possible we might be under the radar with Glencore - now that could be considered a ramp or a possibility?

https://youtube.com/shorts/AyN34sFko9w?feature=share

Also posts innuendos that positive posters are on the company's payroll despite the supporting material that often is included as reference.

https://es-us.vida-estilo.yahoo.com/sqm-eleva-proyecci%C3%B3n-litio-demanda-182247102.html

So in just one month - that's disruption for you!

In an investor presentation Thursday in New York, company CEO Ricardo Ramos painted an even more rosy picture of the lithium market than the one he described just a month ago.

For next year, global demand for lithium is estimated to grow another 20% to 23%, Ramos noted, with annual demand reaching between 1.2 million and 1.6 million tons by 2025 and “maybe 2.7 million or 2.8 million” tons by 2030 amid electric vehicle penetration of 47%.

tomcat-14
Posts: 7,705
Price: 0.105
Strong Buy
1mtpa by 2025...23 Feb '19
any advances on 1mtpa by 2025... (before the end of 2024 that is)...
https://www.bloomberg.com/news/articles/2019-02-21/lithium-market-cheers-as-top-supplier-sees-demand-driving-higher ...
‘The number of available plug-in hybrids and battery-electric models announced by automakers for 2021 has grown by almost 40 percent since mid-2017. As a result, demand for lithium carbonate equivalent will be about 475,000 tons by 2021 and 1 million tons by 2025, he said’...

jimb2
Posted in: KDNC
Posts: 4,768
Price: 0.105
Strong Buy
RE: 1 mtpa by 2025...23 Feb 2019 11:51
Simon Moores reports just over 1.2m tonnes by 2025:https://twitter.com/sdmoores/status/1098589292052525057

either will do!

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I recall @Observer842 having similar numbers - remember Morgan Stanley!

Now we have an acknowledged climate crisis (by those who count) and an Energy crisis - maybe revised forecasts and the high prices are here for a long time to come!

reneweconomy.com.au/ge-eyes-australian-project-for-critical-minerals-key-to-offshore-wind-turbines-and-evs/

GE, for instance, needs 600kg of NdFeB magnets for every megawatt of wind turbine capacity, and so it needs 7.2 tonnes of NdFeB for each of its Haliade-X 12MW offshore wind turbines, one of the most powerful turbines on the market.

ca.sports.yahoo.com/news/australias-lynas-posts-record-profit-225114030.html

(Reuters) - Australia's Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a global push for reducing carbon emissions

Thanks for that @EV_Bull, that was a very sobering address and one point close to my heart:

We did not get rid of our dependency on oil. And worse, fossil fuels were even massively subsidised.
This was wrong, not just for the climate, but also for our public finances, and our independence. And we are still paying for this today.

Only a few visionaries understood that the real problem was fossil fuels themselves, not just their price.
Among them were our Danish friends.
When the oil crisis hit, Denmark started to invest heavily into harnessing the power of the wind.
They laid the foundations for its global leadership in the sector and created tens of thousands of new jobs.

That's one I've followed and posted on here DONG becoming Orsted!

When you invest in a historical disruptive event you have to look at all the factors that will contribute, some may seem insignificant in isolation but collectively they count.

Visionaries - Tony Seba

Yes, I agree @EV_Bull,

There now seems to be an understanding between the US and Mexico, A_L.O was due to comment on the dispute with the energy laws on 16th September during Independence day, yesterday it was announced he had decided not to as things were happening with planned talks:

It looks like a meeting with Antony Blinken was positive - as in the link!

https://en.mercopress.com/2022/09/13/blinken-offers-mexico-to-join-us-semiconductor-program

Blinken described his meeting with AMLO as “productive and friendly.” It lasted two hours, twice as long as planned. The visiting official also stressed that Mexico and the United States have opportunities to build an energy future that promotes climate goals

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Well, his words

“One of the issues that we focused on today with President Lopez Obrador is something that I think has been a vision that he has, which is the integration of our economies, one of the ways to achieve this is through clean energy, we can be leaders for example in the production of electric vehicles, but produce them together. We have a shared commitment that by 2030, 50% of the vehicles sold will be electric,” Blinken said.

@Nickcook1977,

Good for you, retiring at 46,

GL

Thanks @Barksy1,

the transcript has been published:

Just a quick glance but a couple to note:

https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_22_5484

For example, if all 11 potentially viable lithium projects in the EU become operational, they could produce some 38% of the expected lithium demand by 2030.

Similarly, while Europe leads the production of wind turbines and electrolysers – with our global market share of some 58% and 62%, respectively – we fall behind on the critical raw materials needed for these two technologies

#####

Well, there's an easy way to address those concerns!

@Nickcook1977,

have you read through the information provided on reddit?

Courtesy @Observer842

https://www.reddit.com/r/CadenceMinerals/comments/xc0b3j/comment/io3ka6o/

It would be interesting to know how confident you are now on the assets compared to when you first was attracted to REM/KDNC?

absolutely agree @Zoom56,

I do believe @Observer842 posting his views on the HAS JV's coming into play years ahead of expectations shows that research does pay off, we've yet to see Ganfeng's plans and do expect big surprises.

HAS I don't believe is fully appreciated yet - it might be a good exercise to compare them with peers and then look at the plans for wind projects that might justify some recent investments - all keeping me optimistic and removes a great deal of doubt.

I see HAS and Sonora as the two high profile holdings but won't be disappointed if news comes from the other assets first.

https://trasfondo.com.mx/nacional/litiomx-a-la-defensa-del-futuro-energetico-de-mexico-p54488?utm_source=rss&utm_medium=rss&utm_campaign=litiomx-a-la-defensa-del-futuro-energetico-de-mexico

without expropriation
By not touching existing contracts, such as that of the Canadian company Bacanora, now majority owned by the Chinese giant Ganfeng, it is not a nationalization or an expropriation. It is about what some call sovereignization of the lithium reserves that are discovered in the future. This means that the potential part of the energy that is annexed will be for the development of the Mexican State.

The presence of the Albright-Stonebridge Group in Sonora is not a coincidence and together with the Atlantic Council think tank and the Evercore banking firm, they seek to invest large sums in the state to strengthen their presence and control the Bacadehuachi deposit, which has the potential to be one of the largest in the world. Therefore, it is also a relief that LitioMx is not attached to the Ministry of Economy.

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Worth reading and digesting, the gist is the state company is to manage future investments but Ganfeng are excluded as has been mentioned before although at times other articles have given reason for doubt, hence it's not full nationalisation -

According to the decree, from which the creation of the state company also follows, it is not possible to only exploit lithium through public investment, it must be done in conjunction with private initiative, in a similar way to the Federal Electricity Commission. (CFE). The percentage that has been proposed is 54% public investment and 46% private investment. This opening, far from total nationalization, is what has contributed to relaxing the climate before those interested in the mineral.

IMHO (DYOR)

The jewel in the crown!

Pardon,

@Nickcook1977,

I do believe we are on the home straight with Sonora and HAS both of global significance,

Plenty of focus on EV's and Energy with a climate summit in Pennslyvania 21st September to 23rd with COP27 in November, the first meeting of the Mexican State company September 20th.

Our Sonora asset is getting lots of industry coverage and HAS looking very promising with financing and possibly further off-takes maybe in Aus or NA IMHO,

Keep looking in daily!

I'm into KDNC, here's some info that's been well researched by another regular poster as on his link below:

For the benefit of those new looking in, and for those who aren't closely keeping track! Follow the link for better formatting, corroborating links and much more information!

https://www.reddit.com/r/CadenceMinerals/comments/x640cj/weekly_discussion_thread_upcoming_news_icymi/

I'm very optimistic about Sonora where Ganfeng are in talks with the new Mexican state lithium company litomx- KDNC have 30% JV on some of the concessions, high grade lithium and scalable with Ganfeng having completed the buyout of Bacanora recently circa $420M and $1bn short term investment plus $3bn longer, Bacanora have been producing high quality battery grade lithium for several years from their Hermosillo pilot plant with clays from the concessions.

There is some geo politics:

https://newsrnd.com/news/2022-03-15-ganfeng--%22we-are-going-to-continue-in-sonora-because-the-laws-of-mexico-allow-lithium-to-be-exploited%22.rJfzAYYpZq.html

They also have circa £5m (deal completion due by year end) to purchase their JV area, there's great interest in Hastings rare earths minerals mainly permanent magnets - look up Andrew Forrest - Fortescue Future Industries - very involved in green hydrogen with multi billion investments, he recently had a meeting with Joe Biden in the US and also at COP26.

KDNC also have 8% stake in EMH

Plus more, but this is probably of greater interest here that shold be $1000m

https://miningmexico.com/ganfeng-lithium-se-apunta-para-invertir-en-litiomx/

Alfonso Durazo Montaño, governor of Sonora, shared that the Chinese Ganfeng Lithium has proposed to invest 1,000 dollars in the company LitioMx.

The Sonoran governor revealed that the Chinese company is interested in investing in the exploration and exploitation of this mineral in Sonora. Durazo Montaño recently held meetings with representatives of the lithium battery manufacturer.

Ganfeng Lithium recently acquired Bacanora Lithium, a company that has the exploration concession for the Sonora Lithium project, which is located in the municipality of Bacadehuachi, in the Sierra Madre Occidental of Sonora. Both companies expect to start production at the end of 2023. The volume of 17,500 tons per year of lithium carbonate would double to 35,000 tons per year.

I'm sure you are all aware of who Ganfeng are!

https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0830/2022083002480.pdf

Ganfeng Interim Results: "the Company will further accelerate the construction of the Mexico Sonora lithium clay project, endeavor to make it a leading project in the field of extraction of lithium from lithium clay across the globe."

Plus they have interests in Australia next to Core lithium and Iron Ore in Brazil.

Blimey @elcobbledore, you've only been investing Since January, hats off to you for picking it up so quickly :)

@elcobbledore,

are you saying my posts have influenced you in purchasing KDNC?

The foreign minister says he recently met with U.S. automakers, and they told him they plan to bring 180 additional automotive assembly plants to Mexico to meet the demands of states, countries and consumers who want electrical vehicles.

“It’s primarily the production of engines, the accumulation and storage of (electricity), speed controls and such. This is picking up momentum (in the United States) and also in Europe, which is our second major export market for vehicles,” Ebrard said.

So I'm hopeful Sonora and Ganfeng will play a big part in their EV industry, Ganfeng have suggested $3bn investment with the initial being $1bn:

https://newsrnd.com/news/2022-03-15-ganfeng--%22we-are-going-to-continue-in-sonora-because-the-laws-of-mexico-allow-lithium-to-be-exploited%22.rJfzAYYpZq.html


Now if I was as confident in a company as you seem to be I would take my loss an turn it into profit, you are confident your other holding will at least x3 - no brainer is it?

I'm here for a little longer, I can see HAS alone justifying our mcap in a couple of years, Ganfeng could call the bod for discussions at anytime now as we now know they are in talks with the 'Mexican state company' of course they might decide to take another course with Sonora that might take a while to conclude through the e courts - my view is both parties will come to an agreement.

I'm sure they will increase that substantially maybe as much as $1,000m.

https://miningmexico.com/ganfeng-lithium-se-apunta-para-invertir-en-litiomx/

Alfonso Durazo Montaño, governor of Sonora, shared that the Chinese Ganfeng Lithium has proposed to invest 1,000 dollars in the company LitioMx.

The Sonoran governor revealed that the Chinese company is interested in investing in the exploration and exploitation of this mineral in Sonora. Durazo Montaño recently held meetings with representatives of the lithium battery manufacturer.

Ganfeng Lithium recently acquired Bacanora Lithium, a company that has the exploration concession for the Sonora Lithium project, which is located in the municipality of Bacadehuachi, in the Sierra Madre Occidental of Sonora. Both companies expect to start production at the end of 2023. The volume of 17,500 tons per year of lithium carbonate would double to 35,000 tons per year.

They do need that lithium and seem to be planning as if they will have?

https://www.newsbreak.com/news/2736483014644/mexico-preparing-to-meet-u-s-european-electric-vehicle-demand

Juarez has more than 300 U.S.-run manufacturing plants that produce parts and goods for Fortune 500 companies in North America and Europe. Almost half of those plants are linked to the automotive industry, which is rushing to put out electrical vehicles

She also echoed optimism that the tri-state region of northern Chihuahua, Southern New Mexico and West Texas can cash in on the foreseen electrical vehicle manufacturing onslaught.

#####

EV onslaught It's theirs to lose:

https://www.theglobeandmail.com/drive/article-jeep-announces-all-electric-recon-suv-to-compete-against-wrangler-lead/

Both the Wagoneer S, which will be a mid-sized premium SUV, and the Recon will be built in North America, but Meunier did not say if the assembly would be in the United States, Mexico or Canada. “It does make a lot of sense to use the Ontario LG plant, the joint venture we’re working on, but I’m not going to make any announcements beyond that,” said Jim Morrison, head of Jeep brand for North America.

Similar to Ford:

https://finance.yahoo.com/news/ford-f-2nd-electric-truck-185606200.html?.tsrc=rss

However, given the ongoing volatility in the global auto market, probable hindrances may cause delays. The Explorer EV will be built at the Ontario factory after a previous plan to produce it alongside the Mustang Mach-E in Cuautitlan, Mexico, was aborted.