Member Info for SorB

https://seekingalpha.com/article/4323611-lithium-producers-are-set-to-surge

The Chinese are still confident.

https://insideevs.com/news/397955/10-chinese-battery-makers-50-gwh-2025/

They’re are Daz but placing at these levels with them not participating would affect them I would imagine. That’s unless they go above the 30% threshold and state they are not making an offer which could be a way out of it.

Arahim, good post. it’s going to be interesting to see how this plays out and how much if any SC would like to be diluted.

So 100 million saved by sharing key infrastructure...............

I doubt we will see two plants being built and why haven’t we been hit with a placing RNS?

I wonder what the savings will be to both companies overall?

Mali Lithium (MLL AU) A$0.082, Mkt Cap A$26m – new presentation highlights benefits of the Goulamina project

Kodal Minerals* (KOD LN) 0.058p, Mkt Cap £5.3m –

Mali Lithium have released a new presentation on their Goulamina lithium project in Mali.

The presentation highlights two possible routes to ports in Senegal and the Ivory Coast at Abidjan port

The PFS envisages bulk transport of 362,000tpa of spodumene concentrate by road to the Abidjan port at a cost of US$87/t.

This is slightly cheaper than Kodal Mineral’s cost estimate of $93.60/t to the port of San Pedro which we believe is a shorter distance than the port of Adibjan.

Trucks from the Perkoa zinc mine in Burkina Faso truck concentrate similar distances to Abidjan.

Mali Lithium and Kodal Minerals recently signed an MOU to explore synergies between Kodal’s Bougouni project and Mali Lithium’s Goulamina project

The idea is to share key infrastructure close to the two mine sites in Mali potentially saving an estimated US$100m in the process on the two projects.

hxxps://malilithium.com/pdfs/LithiumMineToMarketConferencePresentation12Feb20.pdf

*SP Angel acts as Financial Adviser and broker to Kodal Minerals A partner at SP Angel acts as Chairman to the company.

https://electrek.co/2020/02/11/tesla-building-pilot-battery-cell-manufacturing-line-fremont/

It roulette time Daz as we’re all going to know soon enough as funds should be pretty much done now.

FOMO time for those that believe SC are funding through prepaid off take.

There are other factors supporting stock-price gains among lithium producers. China has indicated it will stick to its target of 2 million electric-vehicle sales this year, which would be up from 1.2 million last year, according to Andrew Miller, product director at Benchmark. Panasonic Corp. last week said automotive battery sales increased in its latest quarter and the battery factory in Nevada it funded with Tesla turned profitable in the period.

Electric-vehicle adoption is still in its infancy, however. Last year, 2.2 million light-duty electric vehicles were sold around the world, a fraction of the 78.2 million total car and light-truck sales, according to S&P Global Platts. This year, analysts forecast electric vehicles sales to rise to 2.5 million as total light-duty sales move lower.

"The supply side has overshot where the industry is today," Mr. Miller said. Benchmark's lithium price index fell 39% between January and the year earlier.

Some producers have considered cutting back on adding more capacity, as prices hover near 2016 levels for two types of lithium, according to Benchmark. In January, lithium carbonate cost $7,508 a ton on average, while lithium hydroxide prices stood at $9,619 a ton. Both grades can be used in batteries.

SQM said in January the company and a partner had deferred making a final investment decision on moving ahead with a lithium development in Australia called Mount Holland until the first quarter of next year. The companies said over the coming months they will look for ways to potentially improve operations at the development and reduce capital spending there.

Livent last month cut its financial outlook for the fourth quarter and for 2019, citing in part lower prices for lithium. The company also disclosed it was reviewing current capacity expansion plans due to what Chief Executive Paul Graves described as challenging market conditions.

"In an oversupplied market, things turn rapidly," Eric Norris, Albemarle's president overseeing lithium, said in December.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Tesla Pulls Up Lithium Producer Stocks Despite Glut

Source: Dow Jones News
By Micah Maidenberg
Tesla's surge has helped lift shares of lithium producers to double-digit gains in 2020, powered by investors' bets that demand for the electric-car battery component will outpace a recent supply glut.

Shares of Livent Corp., which has a lithium-extraction site in Argentina, have moved up 19% this year, while the stock for Albemarle Corp., a major producer with facilities in Chile and elsewhere, is up about 16%. American depositary receipts for Chile-based Sociedad Química y Minera de Chile SA, or SQM, have risen 12%.

The increases show how investors' enthusiasm for Tesla has spread to companies and industries tied to the electric-vehicle market. Tesla's stock is up around 84% so far in 2020, fueled in part by many investors' belief that the company and Chief Executive Elon Musk stand poised to upend the automotive industry.

"I think whenever you have something like that going on, generating renewed excitement around electric vehicles and around batteries, you have people looking around and saying, 'Who else could benefit from this?'" Seaport Global Securities analyst Michael Harrison said.

Lithium prices, weighed down by excess supply, have fallen 22 consecutive months through January, according to an index maintained by research firm Benchmark Mineral Intelligence. While the metal has industrial applications and other uses, producers have pitched the link to electric vehicles explicitly, saying the projected adoption of such cars and trucks will support long-term growth.

"Once the sticker price of an EV becomes at or below that of a combustion engine, the whole conversation changes," Albemarle's top technology executive for its lithium business, Glen Merfeld, told investors in December. The Charlotte-based company at the time projected lithium demand to rise 24% on a compound annual basis between last year and 2025.

Yep could be.

I did note that our neighbours also reported a lot of interest from serious investors in regards to lithium in Africa.

Just tweeted:
The $KOD team have now left Cape Town's @MiningIndaba 2020!

Thrilled to have received a very positive reaction to our Mining Licence application and to our asset, the Bougouni Lithium Project, Mali.

We also recorded very positive sentiment towards lithium going into 2020!

Not sure why they’re so happy?

We can all agree that at present MLLs resource is superior to KODs, what the question should be is why did BA make that statement and why now?

https://www.cnbc.com/2020/02/10/teslas-competitors-play-catch-up-on-electric-batteries.html

https://mol.im/a/7987123

http://ev-sales.blogspot.com/2020/02/flash-news-january-pev-market-shares-in.html

FJ, who knows but you’ve got to be in it to win it.

Fingers crossed it all comes good for us all.

BA sounding very bullish, and I quote “the first lithium mine in Mali, and the most significant in west Africa”

https://www.brrmedia.co.uk/broadcasts/5e3a98cf397af40afa52b291/kodal-minerals-update-from-cape-town

Management are currently in Cape Town for @MiningIndaba 2020!

In our meeting with the Mali Minister of Mines, Mme Lelenta Hawa Baba Ba & advisers, we discussed $KOD's Mining Licence application & future developments at #Bougouni.

A positive meeting & they know the project well!