ramping up to nameplate capacity of 24,000 tonnes lithium carbonate equivalent (LCE)/year by mid-decade
Similar to BCN 25K tonnes after phase 2. But BCN has huge resource that can scale rapidly to much higher volumes once profits from production start rolling in.
I read somewhere recently where early Windfarms are having their first Turbines turn down and replaced with much bigger ones. Seems there could be good long turn work in renewables. The turbines don't last that long, and new larger ones need upgraded infrastructure.
From what I ve read Ganfeng have agreement to supply Lithium Hydroxide to Tesla till December 2020. With agreement to extend for another 3 years.
So Giga factory 1 and 3 up and running. Gifactory 4 in germany may be next year. So a lot of Lithium needed by Ganfeng.
But is Hydroxide not Carbonate. So what does that need for BCN ? Will it come from other suppliers. Will it need reprocessing (is that an option) , will BCN switch some production to Hydroxide.
Just curious as Tesla is the biggest producer of Long range BEV. and likely to strengthen that lead with Giga 3 and 4.
And they also have the Mega Packs for renewable energy storage will may be even bigger requirement for Lithium.
And the Trucks (this year) /Cyber Truck will need huge Batteries.
Ganfeng also has agreements to supply BMW (5-year (2020 - 2024) ), VW lithium for the next ten years.
So Ganfeng have huge new requirements for Lithium. BCN is projected to be one of the cheapest resource source for Lithium which means largest margin. The BCN is a huge Lithium deposit, easy to extract, scalable , and quick to market (5 days from extraction to conversion to Lithium).
Prospects look good.
I'd like to know if the Lithium Hydroxide supply for Tesla matters to BCN as there are so many other consumers signed up for Ganfengs' Lithium.
I think Ganfeng buying in and M&G following suit are good recommendations for BCN. Better than a Broker forecast.
It should all become clearer in the next few months. So sit tight and await the news that will re-rate the share price.
The China situation is way worse than the government there is letting on.I
With Tesla GigaFactory 3 now in Production producing excellent long range Electric Vehicles at competitive prices I can see uptake of EV in China taking off again. A great product will drive demand as it has in USA, and since 2019 Europe. Just look at the percentage of Premium Vehicles sales Tesla has taken from BMW, Mercedes, Jaguar and the average mainstream VW, Honda, Toyota manufacturers.
Look out for Tesla china sales figures and production as they ramp up production over the next few months.
With the German Gigafactory 4 producing the Tesla Model Y in 12-18 Months the Euro Car manufacturers are going to be in big trouble unless they can start producing competitive EVs. And what have we seen - Merc can't produce the EQ, VW can't produce the ID, Kia can't supply the E- Nero because of lack of batteries. Hyundai Kona Electric can't be bought for lack of production.
When they sort this out demand for Lithium will soar.
There is lots more in that article. ----
We think that 150 gigawatt hours, that is to say a European market share of around 25%, is a realistic goal #
So Europe expects to need 600 Gigawatt Hours of Batteries.
After having accumulated a worrying delay in the field of electric vehicle batteries, the European industry finally seems to have woken up. Projects are now flourishing all over the continent, particularly in Germany. As every month Automobile-propre has compiled for you the latest news from the industry.
I reckon the Tesla Model 3 will become the best selling Electric car as Volumes delivered to Europe Increase. Then it will be eclipsed by the Model Y. Compared to the opposition you get greater range, performance and Autopilot. And with thermal battery management a Battery that outlasts Combustion engines with little maintenance. Making overall cost of ownership very competitive. Finally they are none polluting of our cities of harmful chemicals, gases and noise.
So 18650 looks more flamable than 21700. Means Model 3 safer that Model S/X if they go up in flames. Which is rare. Not something I'm worried about after previously driving ICE cars for 40 Years. Petrol and hot Engine/Exhaust don't mix well. Seen many ICE cars in flames at side of road.
1.Lithium extracted from ore is more suitable for batteries of the next generations
2. Lithium extraction in salt lakes is deemed difficult to calculate, since the evaporation process can be severely affected by rain, snow and natural contaminants in the material, and the impact on the environment (for example, on the groundwater level) can be potentially problematic
3. “lithium hydroxide”, on the other hand, is commercially more attractive (there is one less production step as compared to salar production), more stable to extract, easier to scale and generally more sustainable
I see BCN comparing favourably with all current, and planned, Lithium production.
BCN Lithium is also quick to market, in the order of a week from Extraction to Lithium vs Months/Years of evaporation for the Salars.
Bacanora Minerals (30%) and Cadence Minerals (70%).
Shouldn't that read
Bacanora Minerals (70%) and Cadence Minerals (30%).
BCN 100% on La Ventana Cncession
BCN 70% El Sauz and EL Fleur Consessions (30% REM)
Anyone know what concession Stage 1 and Stage 2 are?
Yes I can see it dropping . Then a Price Monitoring period followed by more shares issued at a lower Price.
But in the end the project will be funded and hopefully the share price will settle in an upwards trajectory.
Sooner the better. But we are waiting on Ganfeng's definitive costings and project plan in say another 3-6 months.
Timings always seem 6 months away. Is it not 6 months since Ganfeng original offer of investment How long have they actually been doing anything towards that?
Really can't this coming to Production when they say unless they put more effort in.
But if we get to the VSA Price target of £1.12 I'll be happy. Even if that is in 2021/2022.
Hanwa bought 12,333,261 shares at 82.5 pence each.
Have right to maintain its 10% equity interest with an option to increase its stake to 19.9%.
Originall Offtake up to 100% of lithium during stage one, option of off-take tonnage by up to 100% at stage two
Ganfeng taking 50% of stage one. So Hanwa can only take 50%
No off take left for State of Oman is they wanted to resurrect deal?