AVZ Discussion 2022
- Thread starter GazDix
- Start date
JAG
Top 20
Pretty good video on forecast pricing......
BNEF Summit: BNEF Talk: Is there a Sweet Spot for Battery Metal Prices?
BNEF Summit: BNEF Talk: Is there a Sweet Spot for Battery Metal Prices?
BNEF Summit San Francisco, January 31st - February 1st 2022 BNEF Talk: Is there a Sweet Spot for Battery Metal Prices? Kwasi Ampofo Head of Metals and Mining,…
vimeo.com
Frank
Top 20
President Tshisekedi meets with CMOC CEO
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (“DRC”), Félix Antoine Tshisekedi Tshilombo, met with Mr. Sun Ruiwen, CEO of CMOC, at the Palais de la Nation.
Mr. Sun reported to the President on CMOC’s activities in the DRC, including its contributions in recent years in tax payments, job creation, and community development, as well as its future investment plan in the DRC.
President Tshisekedi highly recognized and appreciated the long-standing contributions by CMOC to the public treasury and community development.
The President welcomed and encouraged CMOC to further increase its investment in the country.
He confirmed that the state is committed to creating a favorable and stable business environment for companies to achieve win-win cooperation.
President Tshisekedi indicated that the expansion at TFM and development of KFM are the key projects of national interest in the DRC.
The State is looking forward to acceleration of the development of these two projects by CMOC, so as to create more local jobs and contribute more to the economic growth of the country.
President Tshisekedi also exchanged views with CEO Sun Ruiwen on the development of the cobalt value chain.
The President expresses his expectations on CMOC and its partners to strengthen cooperation with the DRC in developing and popularizing the application of cobalt as well as in the new energy sector, in this way integrating the corporate growth strategy with the national strategy and contributing to global energy transition.
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilom
en.cmoc.com
CMOC enters into strategic partnership with CATL to jointly develop KFM in the DRC
(Shanghai) 11 April 2021, China Molybdenum Co., Ltd.
("CMOC") announced its strategic partnership in the area of new energy metals with Contemporary Amperex Technology Co., Ltd. ("CATL").
As part of the deal, CATL will make an equity investment in CMOC Kisanfu project through its subsidiary and join CMOC in developing this world-class copper and cobalt mine in the DRC.
CMOC Limited, a wholly owned subsidiary of CMOC, entered into a Strategic Partnership Agreement with Ningbo Brunp CATL New Energy Co., Ltd. ("Brunp"), an indirect subsidiary of CATL.
Brunp acquired 25% stake through its wholly owned subsidiary in KFM Holding Limited ("KFM Holding"), a wholly owned subsidiary of CMOC Limited, for a consideration of USD137.5 million.
Upon completion of the transaction, CMOC Limited and Brunp will respectively have 75% and 25% ownership in KFM Holding, which holds 95% stake in the Kisanfu copper and cobalt mine ("KFM project") in the DRC.
On 13 December 2020, CMOC acquired from Freeport 95% stake in the Kisanfu project, one of the world's largest, highest-grade undeveloped cobalt and copper deposit.
Kisanfu, with 365 million tons of ore resources which translate into over 6.2 million tons of copper metal and 3.1 million tons of cobalt metal, adds another world-class long life asset to CMOC's portfolio.
According to the Strategic Partnership Agreement, CMOC and CATL will fund the project capex in proportion to their ownership in KFM to jointly build a world-class copper and cobalt producer.
Offtake arrangement of future copper and cobalt products between the two parties will also be proportionate to their respective ownership.
The two parties also established a broad strategic partnership in the field of new energy mineral resources, targeting at comprehensive and in-depth cooperation in nickel resources development and smelting and processing in Indonesia and other countries, as well as global acquisition, investment, and development of lithium resources.
Contribution to development of KFM
KFM is one of the world's largest, highest-grade undeveloped cobalt and copper deposit. The participation of a strong partner will contribute to developing KFM in even more responsible and sustainable manner.
A win-win cooperation delivering mutual benefits
Through this partnership, CMOC becomes a long-term cobalt supplier to the world's largest power battery manufacturer and forges compelling long-term synergies with a world-class customer of battery raw materials.
In turn, CATL has secured a long-term reliable, clean, and responsible source of cobalt raw material.
Continuous contribution to global energy transformation
The development of KFM copper and cobalt project will further enhance CMOC’s leading position as a premier supplier of battery metals and EV raw materials.
CMOC is committed to the growth of global EV industry, supplying long-term stable, reliable, and clean raw materials to secure the sustainable growth of the industry.
"The lithium-ion battery industry has embraced the TWh era.
Stable raw materials supply with full compliance is a critical step towards high-quality delivery.
CATL has long been committed to responsible cobalt supply chain.
CMOC advocates international ESG standards and is a leader supplying raw materials for battery metals and electric vehicles.
This partnership will allow both parties to leverage our respective advantages in new energy metals resources such as lithium, cobalt, nickel, and copper, and contribute to the development of the new energy vehicle industry as well as the realization of carbon emissions peak and carbon neutrality. " said Mr. Zeng Yuqun, Chairman of CATL.
"Endorsed by CMOC’s high sustainability standards and great ESG reputation, our products are highly recognized by downstream manufacturers of precursors, cathode materials and battery, as well as automakers.
CATL as a global leading power battery maker plays an important role in the global new energy industry value chain.
We are very pleased to form this strategic partnership.
With both parties’ significant presence in key resources, we will expand our cooperation in greater depth and breadth," said Mr. Sun Ruiwen, CEO of CMOC.
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilom
en.cmoc.com
JAG
Top 20
Nice one Frank.President Tshisekedi meets with CMOC CEO
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (“DRC”), Félix Antoine Tshisekedi Tshilombo, met with Mr. Sun Ruiwen, CEO of CMOC, at the Palais de la Nation.
Mr. Sun reported to the President on CMOC’s activities in the DRC, including its contributions in recent years in tax payments, job creation, and community development, as well as its future investment plan in the DRC.
President Tshisekedi highly recognized and appreciated the long-standing contributions by CMOC to the public treasury and community development.
The President welcomed and encouraged CMOC to further increase its investment in the country.
He confirmed that the state is committed to creating a favorable and stable business environment for companies to achieve win-win cooperation.
President Tshisekedi indicated that the expansion at TFM and development of KFM are the key projects of national interest in the DRC.
The State is looking forward to acceleration of the development of these two projects by CMOC, so as to create more local jobs and contribute more to the economic growth of the country.
President Tshisekedi also exchanged views with CEO Sun Ruiwen on the development of the cobalt value chain.
The President expresses his expectations on CMOC and its partners to strengthen cooperation with the DRC in developing and popularizing the application of cobalt as well as in the new energy sector, in this way integrating the corporate growth strategy with the national strategy and contributing to global energy transition.
View attachment 903
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
CMOC enters into strategic partnership with CATL to jointly develop KFM in the DRC
(Shanghai) 11 April 2021, China Molybdenum Co., Ltd.
("CMOC") announced its strategic partnership in the area of new energy metals with Contemporary Amperex Technology Co., Ltd. ("CATL").
As part of the deal, CATL will make an equity investment in CMOC Kisanfu project through its subsidiary and join CMOC in developing this world-class copper and cobalt mine in the DRC.
CMOC Limited, a wholly owned subsidiary of CMOC, entered into a Strategic Partnership Agreement with Ningbo Brunp CATL New Energy Co., Ltd. ("Brunp"), an indirect subsidiary of CATL.
Brunp acquired 25% stake through its wholly owned subsidiary in KFM Holding Limited ("KFM Holding"), a wholly owned subsidiary of CMOC Limited, for a consideration of USD137.5 million.
Upon completion of the transaction, CMOC Limited and Brunp will respectively have 75% and 25% ownership in KFM Holding, which holds 95% stake in the Kisanfu copper and cobalt mine ("KFM project") in the DRC.
On 13 December 2020, CMOC acquired from Freeport 95% stake in the Kisanfu project, one of the world's largest, highest-grade undeveloped cobalt and copper deposit.
Kisanfu, with 365 million tons of ore resources which translate into over 6.2 million tons of copper metal and 3.1 million tons of cobalt metal, adds another world-class long life asset to CMOC's portfolio.
According to the Strategic Partnership Agreement, CMOC and CATL will fund the project capex in proportion to their ownership in KFM to jointly build a world-class copper and cobalt producer.
Offtake arrangement of future copper and cobalt products between the two parties will also be proportionate to their respective ownership.
The two parties also established a broad strategic partnership in the field of new energy mineral resources, targeting at comprehensive and in-depth cooperation in nickel resources development and smelting and processing in Indonesia and other countries, as well as global acquisition, investment, and development of lithium resources.
Contribution to development of KFM
KFM is one of the world's largest, highest-grade undeveloped cobalt and copper deposit. The participation of a strong partner will contribute to developing KFM in even more responsible and sustainable manner.
A win-win cooperation delivering mutual benefits
Through this partnership, CMOC becomes a long-term cobalt supplier to the world's largest power battery manufacturer and forges compelling long-term synergies with a world-class customer of battery raw materials.
In turn, CATL has secured a long-term reliable, clean, and responsible source of cobalt raw material.
Continuous contribution to global energy transformation
The development of KFM copper and cobalt project will further enhance CMOC’s leading position as a premier supplier of battery metals and EV raw materials.
CMOC is committed to the growth of global EV industry, supplying long-term stable, reliable, and clean raw materials to secure the sustainable growth of the industry.
"The lithium-ion battery industry has embraced the TWh era.
Stable raw materials supply with full compliance is a critical step towards high-quality delivery.
CATL has long been committed to responsible cobalt supply chain.
CMOC advocates international ESG standards and is a leader supplying raw materials for battery metals and electric vehicles.
This partnership will allow both parties to leverage our respective advantages in new energy metals resources such as lithium, cobalt, nickel, and copper, and contribute to the development of the new energy vehicle industry as well as the realization of carbon emissions peak and carbon neutrality. " said Mr. Zeng Yuqun, Chairman of CATL.
"Endorsed by CMOC’s high sustainability standards and great ESG reputation, our products are highly recognized by downstream manufacturers of precursors, cathode materials and battery, as well as automakers.
CATL as a global leading power battery maker plays an important role in the global new energy industry value chain.
We are very pleased to form this strategic partnership.
With both parties’ significant presence in key resources, we will expand our cooperation in greater depth and breadth," said Mr. Sun Ruiwen, CEO of CMOC.
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
By the way, dont forget I am TheCounts business partner with the new AVZ suite of beers
JAG
Top 20
Dont forget we are business partners with regards to the AVZ Brewery
Samus
Top 20
Cheers Frank, this adds a bit more clarity to the over hyped nonsense on HC.President Tshisekedi meets with CMOC CEO
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (“DRC”), Félix Antoine Tshisekedi Tshilombo, met with Mr. Sun Ruiwen, CEO of CMOC, at the Palais de la Nation.
Mr. Sun reported to the President on CMOC’s activities in the DRC, including its contributions in recent years in tax payments, job creation, and community development, as well as its future investment plan in the DRC.
President Tshisekedi highly recognized and appreciated the long-standing contributions by CMOC to the public treasury and community development.
The President welcomed and encouraged CMOC to further increase its investment in the country.
He confirmed that the state is committed to creating a favorable and stable business environment for companies to achieve win-win cooperation.
President Tshisekedi indicated that the expansion at TFM and development of KFM are the key projects of national interest in the DRC.
The State is looking forward to acceleration of the development of these two projects by CMOC, so as to create more local jobs and contribute more to the economic growth of the country.
President Tshisekedi also exchanged views with CEO Sun Ruiwen on the development of the cobalt value chain.
The President expresses his expectations on CMOC and its partners to strengthen cooperation with the DRC in developing and popularizing the application of cobalt as well as in the new energy sector, in this way integrating the corporate growth strategy with the national strategy and contributing to global energy transition.
View attachment 903
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
CMOC enters into strategic partnership with CATL to jointly develop KFM in the DRC
(Shanghai) 11 April 2021, China Molybdenum Co., Ltd.
("CMOC") announced its strategic partnership in the area of new energy metals with Contemporary Amperex Technology Co., Ltd. ("CATL").
As part of the deal, CATL will make an equity investment in CMOC Kisanfu project through its subsidiary and join CMOC in developing this world-class copper and cobalt mine in the DRC.
CMOC Limited, a wholly owned subsidiary of CMOC, entered into a Strategic Partnership Agreement with Ningbo Brunp CATL New Energy Co., Ltd. ("Brunp"), an indirect subsidiary of CATL.
Brunp acquired 25% stake through its wholly owned subsidiary in KFM Holding Limited ("KFM Holding"), a wholly owned subsidiary of CMOC Limited, for a consideration of USD137.5 million.
Upon completion of the transaction, CMOC Limited and Brunp will respectively have 75% and 25% ownership in KFM Holding, which holds 95% stake in the Kisanfu copper and cobalt mine ("KFM project") in the DRC.
On 13 December 2020, CMOC acquired from Freeport 95% stake in the Kisanfu project, one of the world's largest, highest-grade undeveloped cobalt and copper deposit.
Kisanfu, with 365 million tons of ore resources which translate into over 6.2 million tons of copper metal and 3.1 million tons of cobalt metal, adds another world-class long life asset to CMOC's portfolio.
According to the Strategic Partnership Agreement, CMOC and CATL will fund the project capex in proportion to their ownership in KFM to jointly build a world-class copper and cobalt producer.
Offtake arrangement of future copper and cobalt products between the two parties will also be proportionate to their respective ownership.
The two parties also established a broad strategic partnership in the field of new energy mineral resources, targeting at comprehensive and in-depth cooperation in nickel resources development and smelting and processing in Indonesia and other countries, as well as global acquisition, investment, and development of lithium resources.
Contribution to development of KFM
KFM is one of the world's largest, highest-grade undeveloped cobalt and copper deposit. The participation of a strong partner will contribute to developing KFM in even more responsible and sustainable manner.
A win-win cooperation delivering mutual benefits
Through this partnership, CMOC becomes a long-term cobalt supplier to the world's largest power battery manufacturer and forges compelling long-term synergies with a world-class customer of battery raw materials.
In turn, CATL has secured a long-term reliable, clean, and responsible source of cobalt raw material.
Continuous contribution to global energy transformation
The development of KFM copper and cobalt project will further enhance CMOC’s leading position as a premier supplier of battery metals and EV raw materials.
CMOC is committed to the growth of global EV industry, supplying long-term stable, reliable, and clean raw materials to secure the sustainable growth of the industry.
"The lithium-ion battery industry has embraced the TWh era.
Stable raw materials supply with full compliance is a critical step towards high-quality delivery.
CATL has long been committed to responsible cobalt supply chain.
CMOC advocates international ESG standards and is a leader supplying raw materials for battery metals and electric vehicles.
This partnership will allow both parties to leverage our respective advantages in new energy metals resources such as lithium, cobalt, nickel, and copper, and contribute to the development of the new energy vehicle industry as well as the realization of carbon emissions peak and carbon neutrality. " said Mr. Zeng Yuqun, Chairman of CATL.
"Endorsed by CMOC’s high sustainability standards and great ESG reputation, our products are highly recognized by downstream manufacturers of precursors, cathode materials and battery, as well as automakers.
CATL as a global leading power battery maker plays an important role in the global new energy industry value chain.
We are very pleased to form this strategic partnership.
With both parties’ significant presence in key resources, we will expand our cooperation in greater depth and breadth," said Mr. Sun Ruiwen, CEO of CMOC.
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
Hopefully Nigel up next
... Hopefully!
Frank
Top 20
Cheers Frank, this adds a bit more clarity to the over hyped nonsense on HC.
Hopefully Nigel up next
*It's "ALL Happening" atm, Never a Dull Day in the DRC, "The Land of Hopes and Lithium Battery Dreams and " Sam-I-Am
As,
Kinshasa and Doha sign a general agreement called G2G
The development of the DR-Congo will go through the modernization of its infrastructures, leitmotif of the Head of State Félix-Antoine Tshisekedi who wants to provide his country with airport and port infrastructures to international standards.
The airports of N'Djili and Luano, and the aerodrome of Ndolo are the first to benefit from this agreement.
It is an event that dates with history.
An alliance sealed between Qatar and the DR-Congo.
The two countries have just signed this Thursday, February 01 a general agreement laying the foundations for multifaceted cooperation.
This agreement will allow the materialization of the various projects in DR-Congo.
It is clear that the development of the DR-Congo will go through the modernization of its infrastructures, Head of State Félix-Antoine Tshisekedi who wants to give his country airport and port infrastructures to international standards.
In this case, the N'Djili and Luano airports, and the Ndolo aerodrome are the first to know the benefit of this general agreement.
The DR-Congolese part of the agreement is led by the Deputy Prime Minister of Foreign Affairs, Christophe Lutundula Apala, and the Qatari part by its Minister of Commerce.
Just after the signing ceremony of the agreement on Thursday, February 01, the delegation led by Christophe Lutundula made the rounds of some ministries in Doha for more clarity in the interventions. She was received at the Qatari Ministry of Energy, Transport and Communication Channels as well as that of Industry and Commerce.
In the opinion of the members of the Qatari government met, all these structuring projects will see their achievements accelerated.
The diplomatic isolation of the DR-Congo having been broken since the first political alternation took place on January 24, 2019, the DR-Congo has once again become a land conducive to investment.
This is how since March 2021, Doha and Kinshasa have decided to wed.
To this end, the Qatari stay of the President of the Republic Félix-Antoine Tshisekedi Tshilombo last year bore expected fruits with regard to his vision of making the DR-Congo a regional hub in the air and sea transport.
2022 being decreed the year of the realization of the various major investment projects in the construction of infrastructures, Qatar and the DR-Congo are active. A general economic, commercial and technical cooperation agreement between the DR-Congo and Qatar has been signed.
"Called G2G, it will be the first major agreement that Qatar will have concluded with a sub-Saharan country and it will focus on the modernization of N'Djili, Loano and Ndolo aerodrome airports as well as seaports", reported the communication service of Foreign Affairs of the DR-Congo.
This is how, having arrived in Doha since Tuesday, the Deputy Prime Minister for Foreign Affairs, Christophe Lutundula, was received on Wednesday February 9 by His Highness Tamin Bin Hamad Al Thari, to whom he delivered the message from the Head of the State Felix-Antoine Tshisekedi Tshilombo.
"A message well received by the Emir who thanked President Tshisekedi for his openness and promises to follow very closely the signing and the outcome of this agreement which augurs better days of cooperation between the two countries", he said, and to continue:
"Qatar wants to make this cooperation the mirror of a successful partnership between it and the African states".
Just after the meeting with His Highness, the delegation led by Christophe Lutundula had a working session with the leaders of the Qatari Sovereign Fund -QIA.
Chek Mansoor and Shek Faisal deepened with the delegation on the themes of the agreement in the aeronautical and maritime sectors, but also discussed other opportunities in the value chain in DR-Congo.
The special adviser to the Head of State in charge of investments, Jean-Claude Kabongo, and the Deputy Chief of Staff to the Deputy Prime Minister of Foreign Affairs, Bernard Mpetshi Woto, are part of the DR-Congolese delegation led by Christophe Lutundula in Doha.
*While In other News,
DRC and Zambia are committed to materializing the road construction project Likasi-Solwezi
The relations between the Democratic Republic of the Congo and that of Zambia remain good for several centuries.
It is with this in mind that the provinces of Haut-Katanga in DRC and Northwest in Solwezi in the Republic of Zambia have decided to materialize the project of construction of the route Likasi-Solwezi.
Held in the Republic of Zambia, a high-level meeting brought together several political figures from two countries represented respectively by the governor Jacques Kyabula Katwe for the Upper Katanga and the Zambian Minister of Infrastructures, Charles Mulepi.
To believe the provincial government's communication unit of the Upper Katanga, this project to build Likasi-Solwezi road aims to boost the development of two peoples aimed at along this artery.
Jacques Kyabula Katwe said that the materialization of this project "will reduce the poverty of the populations of two countries".
"The materialization of the construction of the route Likasi-Solwezi is of major importance for our two provinces in particular and for our two countries as well as the whole subregion in general.
It will allow secure cost to make fluid the movements of people and property.
The precariousness in which the rural populations live in our two provinces should cause us to combine more efforts to meet this challenge, "he says the top of the podium cited by his press cell.
The route Likasi-Solwezi will have a length of 217 kilometers.
The work will have a duration of two years and executed through CCECC.
According to the head of the Provincial Executive of Haut-Katanga, the erection of this road will solve the problem of "spectacular" degradation of urban roads in the city of Likasi located 120 kilometers from Lubumbashi.
More Food for thought on the Road to Mining Manono Bro
As the pieces of the Puzzle finally fit together
Frank
Top 20
*Maybe Not this Week, but it's definitely Imminent imo, as the pieces of the ML Puzzle move into place on the DRC EV Battery Table atm
*To Remind,
Tshisekedi spoke with the CATL and CMOC group
The world is changing, especially with regard to new technologies with the manufacture of electric vehicles.
Thanks to its cobalt deposits which represent 25 million tons and 400 million tons of lithium, the Democratic Republic of Congo remains a solution country for the manufacture of batteries for electric cars.
In a process of seeking investors to materialize this project, Félix Antoine Tshisekedi met this Saturday with Mr. Li Changdong, CEO of the CATL group and Mr. Sun Ruiwen, CEO of CMOC, two major companies in the global ecosystem of batteries for electric vehicles.
During this interview by video conference, the Head of State presented to them his strategic vision for the creation in the DRC of a value chain for the manufacture of future electric batteries for the automotive industry.
The Democratic Republic of Congo had organized last November “DRC – Africa Business Forum”.
During this forum, the Government expressed its desire to become the world leader in the production of batteries for electric cars.
www.tsieleka.com
The way i see it, It's like a Jigsaw Puzzle where all the pieces are finally coming together to make an AVZ Mining License atm,
Another way to think of it is like an Equation, where - Felix + CAT + CMOC + DRC Copper / Cobalt + 400 Million Tons+ of Manono Lithium + The DRC Governments desire to become the world leader in the production of batteries for electric cars = AVZ ML sooner or later imo
After all, at the End of the Day, whether we like it or not, one way or another
Food for thought on the Road to Mining Manono
Cheers
Frank
hi Nut,Howdy folks.....guess who
Anyone bargain hunting today?
Some support in the very low 80's on a broadly red market day
Very pleased to see me old mate Jag here.....only about 19c away from wearing the party hat my friend!
Cheers
Nut
I presently have an order in at 0.805, I believe it's a bargain right up until the moment that it gets pipped at a lower price, ps the order 'just got hit' so I'll let you decide at the end of the day whether it was a bargain or not. like many here I have sacks of (long term) AVZ share's just like Candy & Bamby (see above) who were banned
previously on hc for telling everyone how much they loved 
AVZ stock and could never get enough, I guess I'm similar in that thought.This purchase is a no-brainer and to be perfectly frank (excuse the pun) it's a trading parcel for when we next hit a buck, I gotta make rent somehow. Anyway, it's my view that once the monster of Manano hits its straps meaning ML drops, we will likely have way fewer negative gyrations in our SP as we are experiencing on days like today.
Just a matter of time in my view before everyone takes the monster of Manano seriously.
rgds aon
ps good luck to all here and I hope this new forum is a great success.
Last edited:
Frank
Top 20
Howdy folks.....guess who
Anyone bargain hunting today?
Some support in the very low 80's on a broadly red market day
Very pleased to see me old mate Jag here.....only about 19c away from wearing the party hat my friend!
Cheers
Nut
Lithium: Spot prices soar on Lunar New Year
Spot lithium unit scarcity
“Amid the scarcity of spot lithium units, we received a lot of inquiries for battery-grade lithium carbonate in the first week after Chinese new year, and many customers have urgent needs. But we are sold out,” the second Chinese lithium producer said.
Market participants broadly indicated that supply would remain tight in the near future. Even though brine production in China’s Qinghai province was expected to recover in the second quarter, lithium supply in China would remain short, considering the strong appetite for lithium in China.
The tightness of spot units in the market remained a headache for market participants, adding further support to spot prices.
Fastmarkets’ assessment of the lithium carbonate, 99.5% grade, spot prices, CIF China, Japan and Korea, was $50 to $54 per kilogram on February 8, up by $3 to US$4 per kilogram from $47 to $50 per kilogram on February 7.
An Asia-based trader flagged to Fastmarkets that delayed expansions of lithium projects in South America and Australia were causing lithium supply tightness in seaborne East Asia and the global market into the second quarter.
Due to the tightness in the global spot market and current high Chinese prices, various market participants said that seaborne lithium spot prices had room to rise further shortly.
The survey also found lithium prices were on the rise elsewhere as well.
The rising trend follows the earlier increases seen in the Asian markets and the low supply of lithium chemicals.
“Small traders have no stock available and are ready to buy at any price,” one European lithium producer told Fastmarkets.
Market participants saw battery-grade carbonate and hydroxide prices at parity once again, with hydroxide technical grade at the same level following bullish offers in a tight market.
Battery grade lithium spot prices reached $50.00 to $52.50 per kilogram on February 10, up by 32% from the previous month.
www.mining.com/lithium-spot-prices-soar-in-lunar-new-year/
Frank
Top 20
*To Remind,
Glencore in battery metal offtake deal with Missouri Cobalt
Glencore Plc agreed to an offtake deal with Missouri Cobalt LLC, giving the world’s biggest commodity trader more exposure to the crucial battery ingredient.
The agreement follows a steep rise in the price of battery metals over the past year amid surging sales of electric vehicles.
The spike in costs has threatened carmakers’ margins, while rising demand has sparked fears of a shortage of mined raw materials such as lithium, cobalt and nickel.
Glencore will buy all of Missouri Cobalt’s production of those three metals, the trading house said Wednesday in a statement.
It gave no details of the offtake terms, saying only there’s “significant embedded pre-payment.”
Glencore, already the leading cobalt producer from its mines in the Democratic Republic of Congo, has struck a series of deals in recent weeks to secure more battery metals and by recycling old ones.
www.mining.com/category/battery-metals/
*You know you're on a "Winner" when the Worlds Biggest Commodity Trader is buying as many Battery Ingrediants ( If Not All ) they can due to the Rising Demand, Shortage of Raw Materials and Surging EV Sales, going as far as Recycling to Secure even more EV Battery Metals.
If I've said it once, I've said it a Thousand Times, Bart Help me out here again please
Food for thought on the Road to Mining Manono Bro
Cheers
Frank
Frank
Top 20
EV sales ten years ago were running at a rate of 130,000 cars a year.
Now the same number are sold in a week.
That points to enormous consumer appetite for EVs, the main source of demand for lithium chemicals.
That is only likely to ramp up further in the next decade, with some analysts forecasting deficits in excess of the entire size of today’s global lithium output by 2030.
Rio Tinto famously said it would need 60 of its Jadar mines in Serbia to fill a coming shortfall for the hot commodity.
Jadar has been effectively killed off by local community pressure, highlighting the conundrum facing the world trying to fill that gap as mandates to switch fuel vehicles to EVs from governments around the world intensify.
Benchmark Minerals Intelligence’s senior analyst Dr Cameron Perks reckons lithium is in a “party market.”
And it looks like deficits will be hanging around til 2030 when supply catches up to fill the gap.
But that’s only if investment keeps pace over the next 5 years.
After the party, the next step is the “hangover market” then a “parents’ market” before governments could potentially consider stepping in to secure supply.
BMI bossman Simon Moores says to prevent the shortfall new mines need to be financed now.
Food for thought
Frank
Now the same number are sold in a week.
That points to enormous consumer appetite for EVs, the main source of demand for lithium chemicals.
That is only likely to ramp up further in the next decade, with some analysts forecasting deficits in excess of the entire size of today’s global lithium output by 2030.
Rio Tinto famously said it would need 60 of its Jadar mines in Serbia to fill a coming shortfall for the hot commodity.
Jadar has been effectively killed off by local community pressure, highlighting the conundrum facing the world trying to fill that gap as mandates to switch fuel vehicles to EVs from governments around the world intensify.
Benchmark Minerals Intelligence’s senior analyst Dr Cameron Perks reckons lithium is in a “party market.”
And it looks like deficits will be hanging around til 2030 when supply catches up to fill the gap.
But that’s only if investment keeps pace over the next 5 years.
After the party, the next step is the “hangover market” then a “parents’ market” before governments could potentially consider stepping in to secure supply.
BMI bossman Simon Moores says to prevent the shortfall new mines need to be financed now.
Food for thought
Frank
LEFOOL
Regular
Hey Hey Hey Frank mate welcome! CHIN CHINDitto, Thanks mate
So why am i here you may ask
Well, This kick in the Nuts for starters
Please consider this a warning.
HC Admin Team
Plus the fact I've always hated the New Platform ( Even though i still used the Old one on my / this old Desktop Computer tbo )
But mainly because of what happened to my / our old mate JAG and the circumstances around it
So i've decided to take a stand, give HC the Flick for as long as i can, use other methods to keep in touch
See how this New "Home away from Home" goes, as i'm not a Big Fan of Twitter, Not interested in Face Time or Whats Up either tbo
I'd really like everyone on HC to Stop Posting for an Hour or 4 as a way to get their attention / change their tune / lift their game tbo
Anyway, Let's see how it pans out here for a while, see if it's infiltrated by Trolls and if it takes off like an AVZ Lithium powered Rocket
Crap, look at the time, gotta go catch up with the Count about some AVZ Ale before Bed
Bottoms Up
Cheers
Frank
View attachment 864
View attachment 863
Frank
Top 20
Similar threads
