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"There's many a slip between cup and lip"

Welcome news:
European pharmaceutical company offers its investigational medicinal product to a wide range of specialist medical practitioners in the United Kingdom

Epidiolex's Success Highlights Potential for MGC Pharma's CannEpil®

The recent success of Epidiolex, a CBD-based epilepsy treatment that generated $296 million in sales in 2019, highlights the potential for MGC Pharma's CannEpil® in the UK market. This underlines the potential of CannEpil®, an investigational medicinal product for patients suffering from refractory epilepsy, to make a significant impact in the UK market.

https://finance.yahoo.com/news/mgc-pharmas-cannepil-now-accessible-060000251.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADm4Mwm_WoC548JKadPkCk0ChtSbnisGYmYJ3-YZVXNZ9R3WOrukywIzNztLhI_9t3kbtV9DN_gPiRWlHq3gWC_ahJZsIf2lN4_IBXwAAVtUb5J4PPu0flOxGJ5ezgPKGylgpVTxv167rEkZvL-gFaXLUV4ij2ParyBmla4ZUQ_X

Europe’s transition to electric cars is under threat because of persisting shortages of lithium, the key battery component that will power the vehicles of the future.

EU plans to ban sales of new petrol and diesel cars by 2035 mean demand for lithium is set to surge fivefold by 2030 to 550,000 tonnes per year — more than double the 200,000 tonnes the region will be able to produce, according to Benchmark Mineral Intelligence.

“The whole global market is still set to be in a deficit by the end of the decade,” said Daisy Jennings-Gray, analyst at Benchmark Mineral Intelligence.

“Europe will probably sit in a tight position in terms of availability and cannot afford any delays to domestic projects [to extract the metal].”

The supply problem has been highlighted by the world’s largest lithium producer Albemarle, which has sidelined plans to extract lithium in Europe after failing to find a commercially viable site.

“The resources we are aware of in Europe are not high quality and relatively small,” the group’s chief financial officer Scott Tozier told the Financial Times.

I reckon that's it for the day; PREMs seem to come out on the hour... latest being at 2.

I asked him to identify the source... silence.

Please can you provide the source for this , Redtrade... thanks.

"We expect to produce spodumene, a lepidolite mica rich concentrate and a tantalum rich concentrate, late this week provided that final formal outstanding approvals from certain Zimbabwean authorities are received,"

Note the use of "received" which, in my opinion infers the approvals have already been given and they just need to be processed through the tediously slow government system prevailing in Zimbabwe.

... once the messages in the rns have been sussed properly.

Agree whoheheartedly. This presents a 'lucky as hell' opportunity to top up at a never-to-be-repeated price!

Just to clarify: I strongly support the rise here.

As an adjunct, take a look at CLON.

Rolls-Royce to benefit from Chinese travel recovery, UBS says

Rolls-Royce Holdings PLC (LSE:RR.) is set to benefit from Chinese travel recovery, brokers at UBS reckon.

February data from Chinese regulator CAAC highlighted domestic revenue passenger kilometres (RPKs) are already at 95% of 2019 levels, with international RPKs sharply increasing to 13%.

That’s up from 3.4% in 2022 and 8.6% in January, analysts noted.

With traffic improving, the engine manufacturer’s Trent 700 engine is likely to be generating higher profit margins than Rolls-Royce’s other major engine programs, analysts noted.

The Trent 700 powers the Airbus 330 plane.

“Having lagged the A330ceo recovery to date we are comforted that the engine has seen materially increased use as China has recovered,” UBS noted.

The research house has a Buy rating and £2 price target on Rolls-Royce stock.

High demand for minerals in lithium, driven by ion batteries for electric vehicles and other green technologies, may be Zimbabwe’s sanctions get-out-of-jail card — or a get-rich-quick card for Zanu-PF.

In December, Mnangagwa banned raw lithium exports in pursuit of the old African dream of beneficiating, adding value by processing before export.

Premier African Minerals CEO George Roach told The Africa Report that Western countries should lift sanctions against Zimbabwe to cash in on lithium.

His company owns Zimbabwe’s Zulu lithium project. Roach told the journal that European companies wanting to buy lithium from the Zulu project “have a bit of rethinking to do”. They should be pushing for an end to sanctions and looking for refining capacity.

https://www.newzimbabwe.com/in-depth-mnangagwa-regime-sees-lithium-as-zims-get-out-of-jail-card-and-us-sanction-buster/

(Reuters) - Britain's Rolls-Royce (RR.L) beat expectations with a 57% rise in underlying operating profit to 652 million pounds ($787 million) for 2022 on Thursday, helped by a better performance in Civil Aerospace and Power Systems.

New chief executive Tufan Erginbilgic said the company's performance had improved from the blows inflicted by the pandemic but it was capable of much more if it had a shared determination to deliver cash and reduce debt.

"Our transformation programme will improve our efficiency and commercial outcomes, and deliver a sustainable reduction in working capital," he said.

The company, which makes engines for Airbus A350 and Boeing 787 planes, said the outcome of a strategic review would come in the second half of the year, along with medium-term goals.

Thanks Kenny.
I reckon if this is being broadcast on Zimbabwe state media, it has full government backing which bodes well for us all.

From 'The Herald', Zimbabwe:

https://www.herald.co.zw/mining-sector-benefits-from-supportive-policy/

Clutching at straws now.

The diamonds are a surely a bonus but what interests me more is the statement that:"Upon this matter being finalised the Company can refocus its attention back to other opportunities in Zimbabwe as previously announced."If trust is established, the possibilities could endless here.

Persistent shortages of lithium over the next decade will lead to fewer car sales and hit the cheaper end of the market hardest, the head of one of the biggest producers of the vital battery metal has warned.
NOVEMBER 19 2022:
Paul Graves, chief executive of Pennsylvania-based Livent, said the lithium supply crunch as demand roars would lead carmakers to prioritise material for their more profitable models.

“If you take those forecasts of demand or conversion of sales, then we can never expand lithium supply quickly enough to catch up,” he told the Financial Times. “We see no situation where there will be enough lithium to supply all the corners of demand.”

Graves, whose company is a supplier to Tesla, General Motors and BMW, warned that the problem meant it would take longer than policymakers expect to phase out internal combustion engine cars, and that “low-cost vehicles will be the challenge”.

The comments from the former Goldman Sachs banker echo those of Carlos Tavares, head of Jeep and Peugeot owner Stellantis, who has argued that emissions legislation will push up car prices and squeeze the middle class out of vehicle ownership.

Formed in 2019 as a spin-off from US agricultural chemicals producer FMC Corporation, Livent is seeking to break into the top ranks of lithium companies.

It aims to increase lithium carbonate production capacity in Argentina to 100,000 tonnes by 2030, up from 20,000 tonnes in 2020, and owns a stake in Nemaska Lithium, which is developing a hard rock project in Quebec.

The lithium market is set to grow from 700,000 tonnes of lithium carbonate equivalent this year to more than 3mn tonnes by 2030, according to Fastmarkets, a pricing agency.

McKinsey estimates that 15 per cent of lithium demand will be unfulfilled even if all projects under development come to fruition.

Lithium prices have jumped 10-fold in just under two years as electric car sales have taken off, while new supply has been muted following a glut in 2019. Underlining the boom, Chile’s SQM this week reported a 10-fold increase in net profit to $2.8bn in the nine months ending September.

FRIDAY, 11 NOVEMBER 2022

Rolls-Royce and China Eastern Airlines have signed a TotalCare® Life service agreement for 10 A330 aircraft powered by Trent 700 engines. The agreement, which will cover at least a five-year term, was announced at the fifth China International Import Expo (CIIE) taking place in Shanghai from 5-10 November, 2022.

The agreement enables China Eastern to receive highly comprehensive aftermarket services and operational support, ensurethe best overall life cycle cost-efficiency for their A330 fleet and maintain a high level of flexibility to better manage their assets in the future. Rolls-Royce Trent 700 engines have been powering China Eastern’s A330 aircraft since 2006. Trent 700 engines already power more than 50 China Eastern Airbus A330 aircraft in service.

As Rolls-Royce’s flagship service offering, TotalCare covers off-wing repair and overhaul, and is designed to provide operational support and maintenance cost certainty for customers by transferring time on wing and maintenance cost risk to Rolls-Royce. It also delivers enhanced aircraft availability thanks to Rolls-Royce’s in-depth engine knowledge that draws on advanced engine health monitoring. TotalCare Life helps airlines to protect asset value for the life of the engine and promotes asset management flexibility.

https://www.rolls-royce.com/media/press-releases/2022/11-11-2022-rr-and-china-eastern-sign-totalcare-agreement-for-trent-700-engines.aspx

Oops !