AVZ Discussion 2022
- Thread starter GazDix
- Start date
Flexi
Regular
and PLAN B : if he does not come to Melbourne we intend placing Ads in the DRC newspapers to this effect during the election campaign.
It may not achieve much but it could in a tight election. So I hope sanity prevails and the law of the country is followed. No more from me now just have to wait and hope for the correct outcome.
What is the australian gov doing. Fuck all I'd say.
Seriously it's got to the stage where the world is going insular having an australian passport is embarrassing. Can you imagine the yanks copping this shit sweat if it was a us company. Not in a million years. Penny wong needs to get involved or be made to look impotent at best to the world at large.
I like about Penny as she's hard imo.
John25
Regular
Blackout Bowen was showing off the $90K EV Chinese Ute on the weekend news that he expects us to buy …cant make them here though
Carlos Danger
Top 20
Remember when the gringos abandoned Kabul and there were heaps of Westerners stuck outside the airport?
And the French, British and USA special forces were doing secret missions to safe houses to extract their citizens?
And ScoMo was just like 'Nah sorry there's nothing we can do'
I think about that a lot. Thank fuck I have dual citizenship. Australia is an embarrassment on the world stage.
Nigel is correct in his assessment that the Australian government won't be able to help. They are fucking useless. There's a fair few USA and European investors in this stock which could help get their governments involved.
Mr Inappropriate
Regular
I’ve written to the following Australian and US government agencies this week.
- The US State Department
- The US Embassy in the DRC (still technically part of the state department...)
- The Australian Embassy in Zimbabwe (which is where they run DRC from)
- The Australian Department of Industry, Critical Minerals Office
I’m not expecting any return emails, but if feels better to have done this than sitting on my hands.
Hit me up with a PM if you want to know what I sent.
Mr Inappropriate
Regular
Do you remember the East Timor gas negotiation debacle? The government got involved there and could do so here if it chose to - we would probably never know if they did.
Carlos Danger
Top 20
I'll believe in 'quiet diplomacy' when I see Julian Assange walk out of Belmarsh a free man
Yes mate they did on Woodsides behalf. But got to fucken greedy had to have it processed off shore or in aus all on Woodsides behalf. All the time paying timor last millions in aid. Moral to the story CORRUPTION is fucken everywhere.
The trouble is these dopey fucks can't get their collective heads around the fact that lithium is the new gas. And by the time they do it'll be to late. Welcome to the third world of the" lucky country "
Sunshine is the name of the field don't know when it was discovered. But everyone in the industry / karatha was talking about it being the next big thing in 1986.
CashKing
Regular
There is no MONEY in it for the Australian Government mate… That’s why.
Just cause a little Aussie Explorer has found a shit tonne of white gold over in Africa with Chinese trying to steal % etc, why would they step in…
Look what Nigel is dealing with FFS, You think the Australian Government wants this headache…
Until Felix sorts he’s own backyard out it’s very well know why no Australian Government will even bother
We can’t make cars that cheap let alone pay to extract lithium from Africa to turn into batteries over here to be even able to start making cars again…
Same reason we are not making Holden’s and Ford’s etc…
Thailand Does it cheaper for us..
It’s the same reason we export most of our good shit just to get packaged up in China etc and sent back for us to buy….
Talk about backwards but yeah…
Covid was great for a reminder where our produce and everything comes from, it’s great to support local but do you wanna work for $2 a day ?
That’s why they don’t give a fuck….
The government make more of cigarettes and alcohol than it will do getting involved in Australian owned African lithium mines unfortunately…
The best we are going to get in the end is the BS IMPORT TAX….
Look at all your shit, my fuxking oven mits are made in India , smokes in Indonesia, DA FUCK my Potato Peeler is made in China, No wonder Australian Government won’t get involved, The Fucking chairs they sit are made over seas right….
That’s why… Sorry fuckas rant over….
GLTAH
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Frank
Top 20
Kamoa owes the DRC 79 million USD", denounces the NSCC accusing in passing the DGDA of "complacency" in this case of settlement.
In a statement read this Monday, February 13, the New Congolese Civil Society (NSCC) denounced "delaying maneuvers" on the part of the mining company Kamoa Copper SA and the General Directorate of Customs and Excise (Dgda) relating to the transactional settlement of nearly 79 million Usd that this company owes to the Democratic Republic of Congo.
“Kamoa has been in the DRC since 2012.
As such, what he should import into our country, he should pay 2% of imports to customs, but he continued 5 years later to benefit from this 2% regime, whereas after 5 years, he should go to another 5% scheme.
This means that the DRC has a shortfall,” said Jonas Tshiombela, Nscc coordinator to the press.
The latter also accuses the authorities of the General Directorate of Customs and Assizes (Dgda) of "complacency" in this file, especially since they have never responded to the multiple requests for clarification sent to him by the Nscc. on this file.
“We denounce this delaying maneuver because the Nscc had to request a meeting with the inspectors who rectified this file, the Dgda never responded. We wrote several letters to Kamoa and the Dgda, with no response.
Which is suspicious for us when it is a public good whose management should be explained to the entire population,” added Jonas Tshiombela.
And to continue: “we learned at the last minute that the inspectors in charge of this file are insecure but we are unable to meet them”.
The Nscc calls in particular on the General Inspectorate of Finance (IGF) to open investigations to elucidate the slowness on this file.
Located in the city of Kolwezi, Lualaba province, the Kamoa Copper project comprises an underground mine and mill that produces blister copper and sulfuric acid.
According to the Nscc, the said company owes the DRC the sum of 79 million Usd following the violation of articles 196 and 197 of the law on the mining code.
*To Remind,
The Kamoa-Kakula Copper Mine — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%) — is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of the provincial capital of Lubumbashi.
Why am i not surprised - Re:- DRC / Zijin Dodgy as Fuck Dealings
Food for thought
Frank
In a statement read this Monday, February 13, the New Congolese Civil Society (NSCC) denounced "delaying maneuvers" on the part of the mining company Kamoa Copper SA and the General Directorate of Customs and Excise (Dgda) relating to the transactional settlement of nearly 79 million Usd that this company owes to the Democratic Republic of Congo.
“Kamoa has been in the DRC since 2012.
As such, what he should import into our country, he should pay 2% of imports to customs, but he continued 5 years later to benefit from this 2% regime, whereas after 5 years, he should go to another 5% scheme.
This means that the DRC has a shortfall,” said Jonas Tshiombela, Nscc coordinator to the press.
The latter also accuses the authorities of the General Directorate of Customs and Assizes (Dgda) of "complacency" in this file, especially since they have never responded to the multiple requests for clarification sent to him by the Nscc. on this file.
“We denounce this delaying maneuver because the Nscc had to request a meeting with the inspectors who rectified this file, the Dgda never responded. We wrote several letters to Kamoa and the Dgda, with no response.
Which is suspicious for us when it is a public good whose management should be explained to the entire population,” added Jonas Tshiombela.
And to continue: “we learned at the last minute that the inspectors in charge of this file are insecure but we are unable to meet them”.
The Nscc calls in particular on the General Inspectorate of Finance (IGF) to open investigations to elucidate the slowness on this file.
Located in the city of Kolwezi, Lualaba province, the Kamoa Copper project comprises an underground mine and mill that produces blister copper and sulfuric acid.
According to the Nscc, the said company owes the DRC the sum of 79 million Usd following the violation of articles 196 and 197 of the law on the mining code.
*To Remind,
The Kamoa-Kakula Copper Mine — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%) — is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometres west of the town of Kolwezi and about 270 kilometres west of the provincial capital of Lubumbashi.
Why am i not surprised - Re:- DRC / Zijin Dodgy as Fuck Dealings
Food for thought
Frank
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Carlos Danger
Top 20
We broke Tommy. Now he hates all lithium stocks. I guess Zijin are just trying to steal Manono for the lulz because apparently there is no money in mining it. What a fucking clown.
www.afr.com
Lithium stock bubble pops for retail investors
Benchmark lithium carbonate prices fell for an eleventh straight day in China on Monday to an 11-month low, as short sellers raised their bets on Australian lithium stocks falling in 2023.
The latest ASIC data shows that five of the 16 most shorted stocks on the ASX are lithium hopefuls, after a younger demographic of retail investors hooked on mobile share trading apps made the same businesses the most popular stocks to own in 2022.
Core Lithium, Liontown Resources, Lake Resources, Vulcan Energy and Sayona Mining all have between 6 per cent and 10 per cent of their outstanding shares shorted.
Core Lithium was the most popular stock to trade among retail traders using budget brokerage app Stake in 2022, with Lake Resources the fourth most popular stock to buy, and Sayona Mining the seventh most popular, Stake’s data shows.
In the past six months the short sellers won the upper hand over retail traders, with Core Lithium down 37 per cent, Lake Resources tumbling 52.7 per cent, and Sayona off 14.3 per cent.
The steep declines are on the back of valuation concerns, easing lithium prices and mixed operating updates.
Morgan Stanley’s forecasts
Morgan Stanley said it expects total lithium carbonate supply to increase from 684,000 tonnes in 2022 to 968,000 tonnes in 2023 and 1.24 million tonnes in 2024. Australia already leads the world as a supplier, ahead of China and Chile. Australia is expected to bring the most new supply to market between 2023 and 2025.
Morgan Stanley also expects the US and Canada to ramp up supply, but not until after 2025 as a bevy of Canadian lithium explorer hopefuls hit the ASX boards.
Long development times mean Morgan Stanley expects North America to contribute just 52,000 tonnes of lithium carbonate to global supply in 2025, before that jumps to 208,000 tonnes in 2030 as North American governments help finance the energy transition.
Elsewhere, broker Citi said Brazil is set to ship its first cargo of high-purity battery grade lithium to China in April.
Brazil will contribute about 51,000 tonnes per year of lithium carbonate to the market by 2025, which would equal 8.8 per cent of the total production out of Australia on Morgan Stanley’s numbers.
Four of the five most shorted lithium businesses are yet to reach production, as hedge funds bet the lithium boom will pass them by as more supply comes to market by 2030.
Lithium stock bubble pops for retail investors
Short-sellers are lifting bets against the most popular stocks to own among a new generation of investors in a direct clash of views.
Lithium stock bubble pops for retail investors
Benchmark lithium carbonate prices fell for an eleventh straight day in China on Monday to an 11-month low, as short sellers raised their bets on Australian lithium stocks falling in 2023.
The latest ASIC data shows that five of the 16 most shorted stocks on the ASX are lithium hopefuls, after a younger demographic of retail investors hooked on mobile share trading apps made the same businesses the most popular stocks to own in 2022.
Core Lithium, Liontown Resources, Lake Resources, Vulcan Energy and Sayona Mining all have between 6 per cent and 10 per cent of their outstanding shares shorted.
Core Lithium was the most popular stock to trade among retail traders using budget brokerage app Stake in 2022, with Lake Resources the fourth most popular stock to buy, and Sayona Mining the seventh most popular, Stake’s data shows.
In the past six months the short sellers won the upper hand over retail traders, with Core Lithium down 37 per cent, Lake Resources tumbling 52.7 per cent, and Sayona off 14.3 per cent.
The steep declines are on the back of valuation concerns, easing lithium prices and mixed operating updates.
Morgan Stanley’s forecasts
Morgan Stanley said it expects total lithium carbonate supply to increase from 684,000 tonnes in 2022 to 968,000 tonnes in 2023 and 1.24 million tonnes in 2024. Australia already leads the world as a supplier, ahead of China and Chile. Australia is expected to bring the most new supply to market between 2023 and 2025.
Morgan Stanley also expects the US and Canada to ramp up supply, but not until after 2025 as a bevy of Canadian lithium explorer hopefuls hit the ASX boards.
Long development times mean Morgan Stanley expects North America to contribute just 52,000 tonnes of lithium carbonate to global supply in 2025, before that jumps to 208,000 tonnes in 2030 as North American governments help finance the energy transition.
Elsewhere, broker Citi said Brazil is set to ship its first cargo of high-purity battery grade lithium to China in April.
Brazil will contribute about 51,000 tonnes per year of lithium carbonate to the market by 2025, which would equal 8.8 per cent of the total production out of Australia on Morgan Stanley’s numbers.
Four of the five most shorted lithium businesses are yet to reach production, as hedge funds bet the lithium boom will pass them by as more supply comes to market by 2030.
Frank
Top 20
‘Securing raw material is more important than the price’
Battery giant LG Chem is desperate for EV metals
LG Chem says it is prioritising efforts to secure raw materialsSouth Korea’s LG Chem, one of the largest chemical companies in the world, has told Bloomberg it is looking into securing its own raw materials through potential partnerships and investments in mining companies in a bid to establish a self-sufficient supply chain.
It’s a big move and one which could reduce China’s battery dominance.
As it stands, China dominates battery production from the mining and refining of raw materials with estimates out of Benchmark Mineral Intelligence suggesting China has 75% of the world’s cobalt refining capacity and 59% of its lithium processing capacity.
For a company like LG Chem, the parent company of the world’s second largest battery cell maker (LG Energy Solution), to come out and attempt to lock in raw materials supply highlights just how important securing supply chains has become.
As it stands, China dominates battery production from the mining and refining of raw materials with estimates out of Benchmark Mineral Intelligence suggesting China has 75% of the world’s cobalt refining capacity and 59% of its lithium processing capacity.
For a company like LG Chem, the parent company of the world’s second largest battery cell maker (LG Energy Solution), to come out and attempt to lock in raw materials supply highlights just how important securing supply chains has become.
EV sales to jump from 2m in 2020 to 73m per year by 2040
Electric vehicles could make up about half of all new vehicle sales worldwide by 2035, which provides a hint of where future lithium demand will come from.Goldman Sachs Research forecast that EV sales will jump to 73 million units in 2040, up from about 2 million in 2020.
Developed countries are expected to be at the forefront of this shift, with EVs expected to secure more than 80% of the market.
“We expect the automobile industry to undergo a major transformation between 2020 and 2030, driven by the increasing adoption of vehicle electrification and autonomous driving,” Goldman Sachs equity research strategist Kota Yuzawa said.
“There will be no let-up in the EV industry’s expansion as environmental rules tighten and electrification technologies become more sophisticated. But the sector’s sources of profits will change dramatically.”
Additionally, the market for EV batteries, which account for as much as 40% of the car’s cost, is becoming concentrated with the top five manufacturers accounting for more than 80% of the global market share in 2020.
Efforts to diversify the battery supply chain are also gaining momentum with the US Inflation Reduction Act, which is due to be officially announced in March, expected to give a relative advantage to manufacturers that are pushing ahead with local production in the US for EVs, battery-related products and EV components.
Goldman Sachs adds that tech innovation will be critical for the industry with the EV battery market expected to grow substantially this decade, driven in part by the development of new materials and the introduction of new battery designs.
Powertrain units and thermal management will also become more efficient to reduce power consumption as engineers seek to reduce the weight of EVs.
BYD to build $1.2bn EV battery plant in central China
BYD, the world’s largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal filings.
FinDreams Technology, the Chinese company’s battery unit, is aiming to build a facility with the capacity to produce 40 gigawatt hours per year of its Blade Battery in the city of Zhengzhou in Henan province, according to environmental filings published on the Zhengzhou government website on Friday seeking public feedback on the project.
A company spokesperson could not immediately comment on the matter when contacted by Reuters.
BYD’s Blade Battery is a less bulky lithium-iron-phosphate (LFP) battery that its Chairman Wang Chuanfu has said is safer than other alternatives in the market and will not catch fire.
It has been powering BYD’s best-selling battery electric cars such as the Han and Seal sedans that compete with Tesla’s Model 3 in China.
The South China Morning Post earlier reported BYD’s Zhengzhou battery plant.
mining.com
LG Chem prepares to lock in mineral supplies
www.mining.com/web/lg-chem-prepares-to-lock-in-mineral-supplies/Food for thought on the long and winding Road to Manono
GLTAH's
Frank
Last edited:
Winenut
Go AVZ!
We broke Tommy. Now he hates all lithium stocks. I guess Zijin are just trying to steal Manono for the lulz because apparently there is no money in mining it. What a fucking clown.
View attachment 29570
Lithium stock bubble pops for retail investors
Short-sellers are lifting bets against the most popular stocks to own among a new generation of investors in a direct clash of views.
Lithium stock bubble pops for retail investors
Benchmark lithium carbonate prices fell for an eleventh straight day in China on Monday to an 11-month low, as short sellers raised their bets on Australian lithium stocks falling in 2023.
The latest ASIC data shows that five of the 16 most shorted stocks on the ASX are lithium hopefuls, after a younger demographic of retail investors hooked on mobile share trading apps made the same businesses the most popular stocks to own in 2022.
Core Lithium, Liontown Resources, Lake Resources, Vulcan Energy and Sayona Mining all have between 6 per cent and 10 per cent of their outstanding shares shorted.
Core Lithium was the most popular stock to trade among retail traders using budget brokerage app Stake in 2022, with Lake Resources the fourth most popular stock to buy, and Sayona Mining the seventh most popular, Stake’s data shows.
In the past six months the short sellers won the upper hand over retail traders, with Core Lithium down 37 per cent, Lake Resources tumbling 52.7 per cent, and Sayona off 14.3 per cent.
The steep declines are on the back of valuation concerns, easing lithium prices and mixed operating updates.
Morgan Stanley’s forecasts
Morgan Stanley said it expects total lithium carbonate supply to increase from 684,000 tonnes in 2022 to 968,000 tonnes in 2023 and 1.24 million tonnes in 2024. Australia already leads the world as a supplier, ahead of China and Chile. Australia is expected to bring the most new supply to market between 2023 and 2025.
Morgan Stanley also expects the US and Canada to ramp up supply, but not until after 2025 as a bevy of Canadian lithium explorer hopefuls hit the ASX boards.
Long development times mean Morgan Stanley expects North America to contribute just 52,000 tonnes of lithium carbonate to global supply in 2025, before that jumps to 208,000 tonnes in 2030 as North American governments help finance the energy transition.
Elsewhere, broker Citi said Brazil is set to ship its first cargo of high-purity battery grade lithium to China in April.
Brazil will contribute about 51,000 tonnes per year of lithium carbonate to the market by 2025, which would equal 8.8 per cent of the total production out of Australia on Morgan Stanley’s numbers.
Four of the five most shorted lithium businesses are yet to reach production, as hedge funds bet the lithium boom will pass them by as more supply comes to market by 2030.
Probably best we don't give Tommy too much oxygen then....
God forbid he should provide misinformation.....
Carlos Danger
Top 20
Great rant and agree but the point is corruption is everywhere. Just some country's are at different stages than others. By the way imo aus is no different to most of our asian nabours. only the rich know who to pay in aus. Where with our nabours everyone knows who they have to pay. Which system is the fairest ? Who knows? But definitely lean towards our nabours.
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