Member Info for lordtwotter

Power Play: Volkswagen abruptly pulls plug on South Korean battery makers
Heekyong Yang, Yilei Sun, Christoph Steitz
SEOUL/BEIJING/FRANKFURT (Reuters) - Days before Volkswagen AG held an event to announce a major ramp-up in its electric vehicle production, the German car maker abruptly told its South Korean battery suppliers their current technology would be largely excluded from those plans.

The decision by the world’s second largest automaker to move the bulk of its cars to a different battery cell in two years came as a shock to LG Energy Solution and SK Innovation, three people with knowledge of the situation told Reuters.

“It’s not our everyday business routine to get such one-sided notice from a partner ... people seemed to be pretty alarmed,” one of the sources said.

Lithium soared more than 7% since the beginning of 2020, after China announced they will not cut subsidies for electric car makers any more this year. The key ingredient in electric car batteries found additional support after the opening of Tesla’s new factory in Shanghai. Last year, the index has dropped to 89.84 points, the lowest level in nearly three years, amid abundant supply and reduced demand. Historically, Lithium reached an all time high of 157.11 in February of 2011.

·
MAY 30, 2019, 6:06 AM
Chile, once the world's lithium leader, loses ground to rivals
Dave Sherwood
SANTIAGO (Reuters) - As automakers race to a clean-energy future, Chile looked to be in the catbird seat.

FILE PHOTO: A view of brine pools of a lithium mine on the Atacama Salt Flat in the Atacama Desert, Chile August 16, 2018. REUTERS/Ivan Alvarado
The South American nation possesses the world’s largest reserves of lithium, a lightweight metal crucial to manufacturing batteries for electric vehicles. Chile’s lithium is high quality and cheap to produce.

But the nation’s output has barely budged in recent years. Chile’s two lone producers, SQM and Albemarle Corp, have struggled to boost production to capitalize on strong global demand, which is widely expected to triple by 2025.

Chile’s government, meanwhile, has been slow to allow new players to enter the market. And indigenous groups and activists are opposing new projects, worried about environmental impacts.

The upshot: Chile is losing ground to competitors.

Australia in 2017 surpassed Chile to become the world’s top lithium supplier. Neighbouring Argentina is positioned to gain fast, with at least a dozen projects in the pipeline.

While Chile remains an important producer, the market is anxious and investors are looking elsewhere to boost supply, analysts said.

Chile “is disappointing the industry” and if expansion projects there continue to stumble, it could cause “uncertainty and complexity in supply chains,” U.S.-based independent lithium industry consultant Joe Lowry said.

(For a graphic on global lithium production, see: tmsnrt.rs/2HLefGh)

Chile´s Mining Ministry did not respond to multiple requests for comment. Mining Minister Baldo Prokurica earlier this year told reporters the government is doing everything possible to “ensure lithium and other battery metals are being exploited.”

Santiago-based SQM saw its stock dive more than 6% on May 23 when it announced it would delay a planned expansion in Chile’s Atacama salt flat until the end of 2021. That project would allow the company to produce as much as 120,000 tonnes of lithium carbonate, more than double its current production.

Chief Financial Officer Gerardo Illanes told Reuters in an email that the project, albeit delayed, would give the company the “flexibility we need in a fast-growing market like lithium.”

Rival Albemarle, the world’s No. 1 lithium producer, earlier this month said its 2019 production would be roughly flat from last year’s levels. Eric Norris, Albemarle’s lithium division president, said the Charlotte, North Carolina-based company was pushing forward with Atacama expansion projects and said “we maintain a very strong, positive and active relationship with Chilean regulators.”

NO PLACE BETTER
Some 1,150 kilometers (700 miles) north of Santiago, at SQM and Albemarle´s operations in the Atacama, rows of giant, rectangular holding ponds filled with metal-rich brine bake i

https://reut.rs/2KbmAEH

China threatens U S with REM embargo due to Huawei sanctions. Share prices soaring.
Do we have any REM any more?

Don't we have an interest in Greenland? Lot of news re the Chinese investing big time on BBC last night. Could this be advantageous for us.
Like to wish all Caddies a very merry Christmas and prosperous new year, you never know it might happen!

https://web.bnymellonim.com/agents-of-change/en/battery-advances-help-fuel-electric-vehicle-revolution-d1sr-016/?utm_medium=email&utm_source=marketo&utm_campaign=agents-of-change&mkt_tok=eyJpIjoiTkdGaU1tSTFOakV6WkRneSIsInQiOiIwc0ZXSk13ejNCRmRcL21XYlRtSkNWbWRhQ3NHNHVKdElcL09MXC9Id0NrNytEOVhFS3Fta2U5RE9GaXl3ZVRUcWdocGFibTZMMzg4d2d1eDlYcHNMOU91dXgxTEwyME5rYm1cL3kybHRzT05MenBYOEZiNlB4QWRWeGl3VTVSanYzK2wifQ%3D%3D

Unfortunately our share price is consistant with the over supply this year.
Prices in China, the world’s biggest consumer of lithium, plunged to $13,000 per ton in August from a peak of $24,750 in March, according to prices tracked monthly by Benchmark Mineral Intelligence (BMI)
“The demand for lithium isn’t really in question, it’s just a matter of when that demand really kicks in,” BMI’s Miller said. “You just have to look at the number of battery factories that are being built around lithium-ion technology.”
He said price reaction to the slight oversupply in the lithium market this year was overdone and says the long-term prospects for the industry remain intact.
As bad as the share price is, we are in the right commodity, I feel, and a correction will happen. DYOR.
I hope IVY becomes a millionaire, if he is not already!

Oh! Hargraves have about 3 accounts any idea why that is?

Or are these all of our shares listed through these vendors?

You would think a few of these guy's were getting as frustrated as we are.
SIGNIFICANT SHAREHOLDERS % OF ISSUED SHARE CAPITAL
Barclayshare Nominees Limited 12.6%
Hargreaves Lansdown (Nominees) Limited Des:15942 10.4%
Hargreaves Lansdown (Nominees) Limited Des:Vra 6.5%
Td Direct Investing Nominees (Europe) Limited Des:Smktnoms 5.9%
Hsdl Nominees Limited Des:Maxi 5.4%
Hsdl Nominees Limited 5.3%
Hargreaves Lansdown (Nominees) Limited Des:Hlnom 4.9%
Td Direct Investing Nominees (Europe) Limited Des:Smktisas 4.6%
Hsbc Client Holdings Nominee (Uk) Limited Des:731504 3.8%
Forest Nominees Limited Des:Gc1 3.6%
TOTAL 63.1%

Looks bad gentlemen. The above figure is an arbitrary sum based on 1% borrowings according to the audited accounts. That means someone has lent this firm 10 million euro's, or is that the amount of debt, which I thought had been written off. I would be interested to know who lent this firm 10 million euros knowing it's history and why they thought that it was a practicable proposition. Perhaps there is hope!

Stock Exchange Release Talvivaara Mining Company Plc 12 April 2017 Composition of Talvivaara's Nomination Panel and time schedule of its proposals to be made to the General Meeting Talvivaara Mining Company Plc´s (“Talvivaara” or the “Company”) Shareholders' Nomination Panel prepares proposals for the election and remuneration of the members of the Board of Directors to the General Meeting. Following the annual organizational meeting of the Panel held today, the composition of the Nomination Panel is the following: • Pauli Anttila, Investment Manager, nominated by Solidium Oy • Tommi Mäkelä, Investment Manager, nominated by Pharmacy Pension Fund • Pekka Perä, CEO of Talvivaara, as a shareholder of the Company • Tapani Järvinen, Chairman of the Board of Directors of Talvivaara • Solveig Törnroos-Huhtamäki, a member of Talvivaara’s Board of Directors and Chairman of the Audit Committee According to the charter of the Panel, four members shall represent the four shareholders who on the last working day of September preceding the Annual General Meeting represent the largest number of votes of all shares in the Company. However, according to the charter, should a shareholder cease to be amongst the ten largest shareholders of the Company, the appointed representative of such shareholder shall resign. Due to the conversion issue executed in accordance with the restructuring programme of the Company, the composition of the ten largest shareholders changed substantially at the beginning of 2017. The seats vacated due to the conversion issue were offered to the shareholders among the ten largest shareholders as per the end of February 2017. Three members of the Panel have been nominated by the shareholders among the ten largest shareholders of the Company. The organizational meeting of the Nomination Panel elected Pauli Anttila to act as the chairman of the Panel. According to the charter of the Panel, the Panel shall submit its proposals to the Board of Directors at the latest on 15 March preceding the Annual General Meeting ("AGM") taking, however, into account the meeting and announcement schedules notified by the Company. The AGM of the Company has been provisionally scheduled for 15 June 2017. The Panel shall submit its proposals by the time the AGM notice will be published. Enquiries Pauli Anttila, Chairman of the Panel, Solidium Oy, Tel. +358 10 830 8909

Based on current nickel and zinc prices multiplied by the tonnage's extracted last quarter I make that $58,000,000. The post by geek, thanks, stated that it is a state owned company now looking for a buyer. If one is found will we get any value from our shares or are they completely defunct?

Copied from link below translated by google. In practice, this means that the listed company Talvivaara is reduced to an empty shell. The company's shares are not traded on the stock market longer and does not hold any significant assets. Mining operations in Sotkamo engaged in Talvivaara Sotkamo Ltd went bankrupt in November 2014. - Yes, this certainly is an important milestone in this endeavor not know the mine forward. due to some kind of reason, some of the assets and rights related to mining activities have been the Talvivaara Mining Company Plc's control. Now, with this arrangement, they have been Terrafamen management, which clarifies the situation of the mine as a whole, says Terrafame Group's President and CEO Matti Hietanen Yle.

I have just rung talv to ask what the current situation is and was told that it is basically the same but still hope foe the future. All on there web site.

to understand the report. Does anyone have an abridged view? I think my question is simply - what chance have our suspended shares have of regaining a value?

0.00004196p The Company's share capital is EUR 80,000 divided into 1,906,167,480 shares. Is that it or is it Zero.

Are we saying that this IS a corrupt business and the Directors have bolted with the cash? or given it to their family members which amounts to the same thing.