Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
"ASX Release: Successful Production of Lithium Hydroxide
We are pleased to announce the successful production of #lithium hydroxide monohydrate from pregnant leach solution manufactured during the recent larger-scale #Cinovec pilot programme."
https://twitter.com/CzechLithium/status/1778289412708720989?t=innpiWE4aHf5M8cC7Vs0dA&s=19
@Sid_fiddler69 - sorry just found it wa sposted here yesterday (https://zpravy.aktualne.cz/domaci/reportaz-lithium-cinovec-tezba/r~443d7084ca6011ee9d3d0cc47ab5f122/).
@bob_triples - At least, I can confirm, this article is from yesterday, date is mentioned there, at the top, near photos of authors. "Včera" means yesterday in czech, so this article is from from 22nd February.
I found out this Czech article with interesting local insight from around Cinovec and some new information from Geomet.
https://zpravy.aktualne.cz/domaci/reportaz-lithium-cinovec-tezba/
If needed, ask me about anything which may not be clear for you after translation, I understand Czech pretty well.
@Fingers: I have read post on HC, post on LinkedIn (CEE Bankwatch) and article on czech online newspaper Denik referendum (which was in the LinkedIn post). The article is from mid Dec. and is not bringing anything new, it is only analysis mentioning something we already know (EBRD bought 5% of stocks in Cinovec project). So nothing new at all.
I found this article today about the new factory of the Chinese company Gotion and the Slovakian company InoBat. They will build the new Gigafactory in the Slovak town of Šurany (approximately 550 km from Cinovec). The basic parameters are:
- Planned production volume: initially 20 GWh, in the second phase up to 40 GWh
- Commissioning date: 2026 (full capacity by 2027)
- The factory is planned to be built on the site that the Slovak state had reserved for the Volkswagen Gigafactory previously
- Gotion promises the most modern factory not only in Europe but worldwide :)
Source: https://e.dennikn.sk/3692634/volkswagen-vahal-tolko-ze-prvu-baterkaren-tu-postavia-cinania-fico-so-sakovou-uz-s-nimi-podpisali-memorandum/
As the FT article is not accessible through your link, but still readable throught Google News, here is excerpt which is interesting:
"Stellantis is exploring a partnership with China’s CATL to build low-cost electric car batteries in Europe, in a move that would increase the affordability of its electric vehicles but deepen its reliance on Chinese battery technology.
The two businesses have struck a supply agreement for batteries, and are in talks that may lead to a 50-50 manufacturing joint venture in the region, they said on Tuesday.
The deal comes despite repeated warnings from Stellantis chief executive Carlos Tavares about the risk to Western carmakers from Chinese brands and technology and reflects the pressure the carmaker faces to lower the cost of its electric cars.
Tavares led calls to the region’s parliament to impose tariffs on imported Chinese EVs in Europe to protect local carmakers. But the agreement on Tuesday showed that even Stellantis, which also buys batteries from China’s BYD, had chosen to deepen its reliance on Chinese technology.
While tensions have heightened over Chinese EV sales in Europe, the largest number of battery factories being built in the region are owned by Chinese companies, including CATL, SVolt, and Envision.
Stellantis chief Carlos Tavares says the partnership with CATL ‘is another ingredient in our long-term strategy to protect freedom of mobility for the European middle class’ © Jeenah Moon/Bloomberg
Stellantis, whose brands include Fiat and Vauxhall, believes lower costs are essential if it is going to switch to selling only EV models in the region by the end of this decade. Tavares has repeatedly cautioned about the impact of electrification on rising prices, warning this risks pricing middle-class buyers out of owning a private vehicle.
On Tuesday he said the CATL partnership “is another ingredient in our long-term strategy to protect freedom of mobility for the European middle class”.
Tavares added: “CATL is the industry leader in this sector and together with our iconic vehicle brands, we will bring innovative and accessible battery technology to our customers.”
The Stellantis-CATL joint venture, if formed, would manufacture lithium iron phosphate batteries, a cheaper technology than the nickel manganese cobalt batteries that Stellantis currently uses in the region. ..."
Hello everyone,
I've been following this chat for a few years, but I've been silent until now. I'm an EMH shareholder with a super-noob question I can't seem to find an answer to.
I understand that there are approximately 207 million ordinary shares issued with a total capitalization of 63 million GBP. This implies that each share has a value of around 30p.
I'm struggling to comprehend why the price here on LSE is 30 GBP. Does this mean that by buying one share here on LSE, you are essentially purchasing a bundle of 100 ordinary shares?
Thanks for your help!