Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agree, and with such high-grade results, this could transition to an underground mining scenario after open pit operations are complete as many shear zone hosted deposits do. The mine life and resource potential just got a lot bigger. This will be a take-out target for the majors in time
CATL to raise $9bn to expand lithium-ion production and they want to expand capacity in Germany!
Lithium supply on their door step with Zinnwald.
From SP Angel today:
Chinese battery maker CATL said it was planning a private share placement to raise up to 58.2bn yuan ($8.98bn) to fund six projects aimed at boosting its production capacity of lithium-ion batteries.
The company wants to expand battery manufacturing capacity around China and in Germany.
It will also be used to build several battery factories in Fujian, Zhejiang and Guangdong provinces in China and to boost capital, CATL said.
CATL currently supply EV batteries to automakers including Tesla, VW and Geely.
Canaccord lifts spodumene price forecast by 49%
Canadian bank Canaccord Genuity has followed US counterpart JP Morgan in lifting its long-term lithium price forecasts, pointing to quicker than expected EV adoption and a projected supply shortage as the primary drivers.
Underpinning Canaccord's figures is quicker than expected adoption of electric vehicles. Its base case is now for 17% penetration by 2025, rising to 45% by 2030.
The growth in EV demand will be largely driven by China and Europe, said Canaccord, with supportive regulatory frameworks and government incentives combining with falling battery costs and greater choice of EV models.
From Mining Journal Article
Only a minor pullback at the end of the day. Good appetite out there for ZNWD and set up for another leg up.
US lithium battery maker Microvast getting massive attention. Got some shares yesterday morning, all good for the lithium space and increased adoption. These guys will need lithium suppliers
https://wccftech.com/microvast-mvst-becomes-the-most-discussed-stock-on-wallstreetbets-on-the-back-of-a-scorching-rally-yet-the-stock-still-remains-a-veritable-bargain-compared-to-quantumscape-qs/
IPCC report released today is going to seriously spur further activity in decarbonisation. I think all companies are going to have /be expected to take action so more EVs and lithium requirements and accelerating adoption. All good for Zinnwald
I'm sure we will cross the 30p this week...
https://www.bbc.com/news/live/science-environment-58142632
Article in the Mining Journal says 'The company revised its 2021 outlook to reflect better than expected lithium performance'
Plenty of upside here, I think it will be an exciting few months ahead as the company gains attention and maybe gets an off-take agreement, hopefully from a major automaker
Biden seeks to make half of new U.S. auto fleet electric by 2030
Going to accelerate demand for EVs and lithium even more.
https://www.reuters.com/business/autos-transportation/biden-set-target-50-evs-by-2030-industry-backs-goal-2021-08-05/
I think a few institutional investors will be looking at Lithium more seriously after the Rio's Jadar decision and wanting more lithium action. Also this share has been under the radar for a long time so only now is getting the attention it deserves so it could be that a fund is starting to build a position with those chunky buys. We might see a TR1 soon. which could be interesting. OR maybe there an offtake in the wind, who knows. ZNWD have provided samples to potential off-takers if I remember correctly from the last update. In any case I will be holding for the long term.
EV Sales Growth Is Outpacing That Of Traditional Industry
https://finance.yahoo.com/news/ev-sales-growth-outpacing-traditional-150235388.html
.........plug-in vehicle sales more than doubled during the first half of the year, outpacing the 29% rise for total vehicle sales, according to research firm Wards Intelligence.
RE Jadar, Zinnwald will probably be in production before it, possibly by a long way if opposition builds and there are permitting delaysFirst saleable production is expected in 2026. Following ramp up to full production in 2029, the mine will produce about 58,000t of lithium carbonate, 160,000t of boric acid and 255,000t of sodium sulphate annually, making Rio a top 10 global lithium producer.
Yesterdays news for Lithium: The Li train is gaining momentum every day
Petrochemical producer, LG Chem, will invest 10 trillion won by 2025 to accelerate the “sustainable growth” of its battery materials operations, in a shift towards greener practices.
6 trillion won of the investment will go into expanding production lines of its battery materials and 3 trillion won will go into producing eco-friendly petrochemical products.
The private sector in South Korea has been rushing to announce massive investment plans to reduce their carbon footprint and foster sustainable growth. o SK Innovation Co. earlier this month said it will invest 30 trillion won through 2025 to strengthen its green business portfolio, mainly in battery and recycling plastic waste. o On Tuesday, Lotte Chemical Corp. said it will spend 4.4 trillion won through 2030 to increase hydrogen output.
Four of the world’s biggest battery suppliers, Panasonic, LG Energy Solutions, CATL, and Samsung SDI, have all announced plans to build the 4680 cells for Tesla – a report from The Korea Herald suggests that both LG and Samsung have completed the first sample cells.
Robert Friedland’s Ivanhoe Capital Acquisition, a special acquisition corporation (SPAC), to assist EV battery supplier SES list on NYSE. The combination will imply a $3.6bn pro forma equity value (including a $300m earn-out), with the company listing on the NYSE under the ticker SES. The goal is to offer SES’s advanced Li-Metal batteries increased opportunity for widespread commercialisation.
Excellent, should be good for price transparency in the market and a sign of how lithium is the metal of the future.
Zinnwald shares on sale at current price but not a surprise given the run up and it being holiday season.
good link, thanks for sharing Luke2.
SP Angel today:
Stellantis to invest over €30bn in electrifying vehicle line-up
Stellantis, the world’s No. 4 automaker, said it is planning to invest more than €30bn euros between now and 2025 on electrifying its vehicle line-up.
The company formed in January, from the merger of Fiat Chrysler and PSA, is targeting 70% of its European sales and 40% of its US sales to be low-emission vehicles – battery or hybrid electric – by 2030.
The strategy will be supported by five planned battery plants in Europe and North America as it gears up to compete with other automakers globally.
I hope VW know that a much better source of lithium is on their doorstep. Surely with this news an offtake agreement with them would be a priority and a major catalyst.
SP Angel news below today:
VW-backed group begins study into environmental impact of lithium mining in Chile
A group backed by German carmakers VW and Daimler has started a study into the environmental impact of lithium mining in Chile, with the project expected to last over 2 years.
The Responsible Lithium Partnership is being funded by VW, Daimler, BASF SE and Fairphone BV.
GIZ, the German development agency running the initiative, is looking into how pumping up brine from beneath the Atacama is impacting local water supplies and communities.