From KDNC Board16 May 2019 22:55
Just reading my boards and came across this, if true there's a whole load of NPV's around the world going to need to recalibrated. Time and delays are risk factors, the longer this current situation goes on sooner or later this is going to happen (assuming this is just a scare article / Chinese Govt being liberal with the figures for example to control the market by make capital markets scared of financing).
Find a post by Frankie H if you want the full article about half way through today's posts.
The Chinese government claims a new technological breakthrough pushes lithium production prices to a record low, which could have a big effect on electric car battery costs.
A Chinese government report claims the new process has made the cost of extracting lithium 15,000 yuan (US $2,180) per ton. That’s a huge dropoff from standard international prices for lithium, which often range from $12,000 to $20,000 per ton.
Reports last year saw prices in China hit the low end of that spectrum, but $2,000/ton would be a whole new ballpark.
As the South China Morning Post reports, though precise costs of lithium production are “a closely guarded business secret,” industry insiders confirmed this new rate would be one of the lowest rates known — if not the lowest.
China produces about two-thirds of all lithium-ion batteries and controls most of the world’s lithium processing facilities. That’s why the US is discussing legislation that would aid in the domestic mining of lithium and other materials that could be used in electric cars.
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