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Every day there is more positive news for Lithium demand. Today SP Angel Reports:
South Korea plans to invest $35bn in its EV battery industry by the end of the decade to compete with China and Japan as dominant players in the global battery market.
Korea’s battery production has grown significantly in recent years, almost quadrupling to 217GWh in 2020 from 59GWh in 2016.

Absolutely right there panamabob, no messing around with dodgy jurisdictions. We are in a winnner

I see a good day here today and its not just electric cars that will drive demand. Li demand ramping up for electric motorbikes, bikes and every other electric form of transport.

https://theenergyst.com/saietta-group-raising-37-5-million-to-accelerate-growth/

UK electric motor specialist Saietta Group has announced its listing on the London Stock Exchange’s AIM market, that is expected to raise gross proceeds of £37.5m with an approximate market capitalisation of £102.1m at the issue price.

Kist believes the company is uniquely positioned to disrupt the Asian lightweight motorbike market which is expected to dominate demand for motorbikes – global annual motorbike sales are independently forecast to increase to about 100 million by 2030, 40% of which are expected to be electric.

Agree, classic shake the tree, then issue an auction call because they need to look for more shares and now a spree of buying. Not sure if that is how it works but that is what it looks like, I am a long term holder so doesn't bother be, I will keep mine for a much higher price

The MMs trying to shake the tree before the next leg up. No major shareholder is going to sell out from this opportunity to be part of Europe's first major lithium producer when demand is accelerating. My opinion is that it is worth a lot more and when an offtake agreement comes out of the blue then people will realise how cheap it was at 23p

The Mining Journal reports: Benchmark Mineral Intelligence continues to hold a bullish outlook for cobalt and lithium demand..
Its lithium price index rose 2.9% month-on-month with supply tightness continuing to push ex-China pricing upwards towards Chinese domestic levels.
Lithium carbonate prices halted their rally in China but rose 11.1% in Europe, with Benchmark's global weighted average lithium carbonate prices rising 2.5% month-on-month.

Nice to see it rising this morning with sustained buying, I think that sets the trend for the week. Other institutional investors might now show their hands now and want a piece of the action.

Lithium Price Tipped To Rise After Warning Of “Perpetual Deficit”
Article in Forbes
https://www.forbes.com/sites/timtreadgold/2021/07/02/lithium-price-tipped-to-rise-after-warning-of-perpetual-deficit/?sh=2d25af544ab7
If you’re investment portfolio is not exposed to lithium, a key metal in the batteries which power electric vehicles (EVs), then consider the price effect on a commodity said to be heading for a “perpetual deficit”.

That remarkable description of surging demand for lithium as EV sales accelerate incorporates the second price driver, a lack of supply response from the world’s major lithium miners.
Macquarie Bank was first to alert clients about how the lithium market is emerging faster than expected from a slowdown which started in 2018, triggering a 75% fall in the price of lithium hydroxide from $20,000 a ton to around $5000/t at this time last year.

Just my thoughts but I would think that institutional investors would only start buying a few days after the recent news and run up and certainly buy on the pull backs. It might take them some time to do their DD and recognise the opportunity if they have not been tracking it already. We could see sustained buying and hopefully reach 30p in the short term and much higher in the long term. DYOR

Agree Dhanteras, EMH are not in control of their asset. Zinnwald have 100% of the asset, full control of their ship and enough tonnage to make lots of money and supply the German market with a long life mine. In addition, the project has lower capex and easier route to production because of the shallower depth and lower capex and as we all know Germans are very efficient when they need to be. Zinnwald will be in production before Cinovec, Zinnwald do not have to deal with a 70%- state owned company.

I don't believe Gangfeng will be allowed to get control of a strategic German asset, they will have to be content with being an passive investor as they are Chines. They will eventually get diluted down further during finance for mine building. But offtake agreement might be on the cards which is not the same as ownership and will be very positive. I think off-take agreement could come quick . It seems like the BOD have been busy ling up all their cards and are now ready to play them and advance aggresively.

Great RNS and statement. I think we might see news very soon on an off-take agreement. The have generated samples to give to them so given competition for lithium supply we could get another very positive RNS soon. Onwards and Upwards at a nice pace :)
" We have also generated samples, which we will be sharing with potential off-takers to help them evaluate the product. "

Nice chart, agree totally undervalued but not surprised as the markets can do strange things. I think the lower valuation is partly because the company has been keeping very quiet until it got the other 50% which obviously took a few months and newsflow is king. The next bit of news could really get this rolling as I expect it could be any of the following:
-strategic investor from the auto-industry
-off-take agreement
-free money - EU grants (actually I expect up to 30% of the CAPEX could be almost free money)
-positive results on hydroxide product
-identification of site for chemical works combined with some of the above
-now that the asset is 100% owned with increased resource I expect the aggressive marketing to begin

Load up while you can, DYOR of course

I think we will see strategic investor or off-take agreement coming hot on the heels of all this news. The BOD are forward thinking and no doubt have plenty of news and events lined up following the consolidation of the project.

wow, that came as a quick surprise. Just got a few shares at 12.88p

It would help if the Board would communicate more, no meaningful comms since 28th of January webinar. nearly 5 months!

Some very Positive EV news reported by SP Angel - all good for Zinnwald in addition to the positive news at EMH today on metallurgy in the same deposit as Zinnwald

Joe Biden unveils $174bn EV proposal
• President Biden made the case on Tuesday for his huge EV proposal while urging automakers not to build zero emission vehicles abroad for US consumers.
• The bulk of support will come from £100bn earmarked for consumer rebates, while a further $10bn will come in the form of new tax credits for zero-emission medium- and heavy-duty work vehicles
• The president wants $15bn to build 500,00
Global NEV sales rose 88% in March
• A total of 467,100 new energy passenger vehicles were sold globally in March, up 88.5% on the month and
200.2% on the year (SMM News).

That demand forecast is the reason you want to be holding and accumulating companies like this. DYOR

An International Energy Agency (IEA) report published Wednesday recommended governments start stockpiling battery metals, noting that lithium demand could increase 40-fold in the next 20 years. IEA executive director Fatih Birol said this would become an “energy security” issue. China dominates lithium processing, while mine supply largely comes from Chile and Australia.
https://www.mining.com/ganfeng-lithium-grabs-bacanora-in-246-5m-deal/?utm_campaign=The%20Assay&utm_medium=email&_hsmi=126461683&_hsenc=p2ANqtz--TQidZtYYW1X40QJcnzByvuoaYdBBc0VdCKUBrF-wPK8FSgUgE3xvLiLHc5FpnE3Za3yapFB66WISGrgD_MsSAxoSoXmvF5T5t4ZbMQ6dhGt0Rq68&utm_content=126461683&utm_source=hs_email

https://auto.economictimes.indiatimes.com/news/industry/biden-proposal-174-billion-for-evs-new-funds-for-renewable-power/81777362

Biden proposal: $174 billion for EVs, new funds for renewable power
The $2 trillion plan, which also seeks to invest in traditional projects like roads and bridges, is a centerpiece of the administration's ambitious agenda to decarbonize the U.S. economy by 2050 and restore the nation's leadership in addressing global warming.

The Biden plan proposes grants and incentives "to build a national network of 500,000 EV chargers by 2030." It also calls for replacing 50,000 diesel transit vehicles and electrifying at least 20% of school buses and $20 billion to improve road safety.

Mixed but not negative, they have a work plan and are getting on with it and I like that they will test some IOCG targets this year, that could be a game changer. Craig hanging around for 6 months to ensure orderly transition so that is ok, the work is done by contractors on the ground anyway. I'm sure the chap has good reason, Oz mining is booming so temptations elsewhere perhaps.