Remark
Top 20
Maybe he's related to the Nigerian Prince that wanted my banking details?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Maybe he's related to the Nigerian Prince that wanted my banking details?
cosors
👀
I don't know if this has been posted here yet.
I stumbled across this in the Swedish press:
According to the English-language Chinese newspaper Global Times, "mining chaos" has occurred in one of the country's largest lithium hubs, Yichun, in the eastern part of China. Authorities have sent officials to the area to monitor the local mining sector, following reports that "locals have gone crazy mining the 'white stone,' an alternative name for lepidolite, and selling it amid the current boom in the electric car industry in China ".
According to Bloomberg, Chinese authorities have ordered the closure of all non-state lepidolite (a type of rock where lithium is found) mines in the area - which may account for as much as a tenth of the world's lithium supply - as the operations are suspected of violating environmental laws. A state investigation must investigate whether this is the case.
The measures worry the entire global lithium market, according to Bloomberg, where prices have recently started to fall to the delight of electric car manufacturers.
- All lepidolite mining in Yichun except for those carried out by a state-owned company has been suspended, but the refineries are still operating, an analyst at Daiwa Capital Markets told Bloomberg."
https://www.metallerochgruvor.se/20...yndigheter-slar-ner-mot-gruvkaos-i-litiumhubb
"China Lithium Probe Shuts Down a Tenth of Global Supply
- Beijing sends environment officials to production hub: Yicai
- Battery metal’s price has been falling on oversupply fears
I stumbled across this in the Swedish press:
"Chinese authorities crack down on "mining chaos" in lithium hubs
feb 28, 2023According to the English-language Chinese newspaper Global Times, "mining chaos" has occurred in one of the country's largest lithium hubs, Yichun, in the eastern part of China. Authorities have sent officials to the area to monitor the local mining sector, following reports that "locals have gone crazy mining the 'white stone,' an alternative name for lepidolite, and selling it amid the current boom in the electric car industry in China ".
According to Bloomberg, Chinese authorities have ordered the closure of all non-state lepidolite (a type of rock where lithium is found) mines in the area - which may account for as much as a tenth of the world's lithium supply - as the operations are suspected of violating environmental laws. A state investigation must investigate whether this is the case.
The measures worry the entire global lithium market, according to Bloomberg, where prices have recently started to fall to the delight of electric car manufacturers.
- All lepidolite mining in Yichun except for those carried out by a state-owned company has been suspended, but the refineries are still operating, an analyst at Daiwa Capital Markets told Bloomberg."
https://www.metallerochgruvor.se/20...yndigheter-slar-ner-mot-gruvkaos-i-litiumhubb
Really anyone can be anyone on social media . The Chinese could be presenting as disgruntled AVZ share holders . It's a joke and a fairytale to think the President of a Nation takes that crap seriously or even pays attention to it . A nation that has a history of kidnapping and assassination by it's own people worrying about a pissed off share holder in a far away land ? Give me a break . How Nigel and his team deal with this is what matters, not little Johnny from the back of nowhere holding $5k shares and unloading his temper on his Twitter account because he promised his girlfriend he'd get a penis enlargement with his AVZ winnings .
I am hearing ya Cruiser, i voted labour in purely on the EV revolution , Labour way more pro active than the libs, but i gotta say, not too impressed with so much attention on the VOICE, especially with whats going down at Alice Springs, now the super raid, Chalmers was asked about negative gearing, but his response wasnt exacttly convincing.Chalmers' Law won't come into power until 1 July 2025, after latest possible May 2025 election. That is the plan.
There is a lot of water to flow under the bridge between now and then. 2+ years in politics is an awful long time.
The non indexed 3 million cap by July 2025, after 2 years of Chalmers' rule, could well be 2 million in todays money.
The non indexing is the real stinger and highly likely the death knell of the superannuation system, if it doesn't get addressed.
I wonder what the 3 million cap will be worth in 20 years by the time the current 48 year old people wish to retire.
Labor's general feeling is that superannuation savings should not exceed 7 x average annual income (~$500,000) and anything over that should be handed back to pay for Labor's new initiatives.
Negative gearing, Capital gains tax on the home, franking credits etc, etc next.
Labor is good at this sort of shit.
Morrison had to go, pity the liberals didn't see that.
However people don't know yet, what is going to hit them with Chalmers controlling the purse strings.
Labour is all about tax, tax, tax, but they better be careful, cause 1 in 6 aussies are financially hurting right now, interest rates and cost of living taking its toll, recession not far away me thinks.
imo
Too true Sammael, was on the assumption that we will all get out of this mess..................eventually.That's if we don't end up at the soup kitchen
Until then........
Compliments of the chef.
ENJOY !!
Mr Inappropriate
Regular
Fuck off - she‘s my wife.
Samus
Top 20
If @AvzMinerals insults our gvt I will take part for my country. But in all their claims I have never read where #AVZ insults our gvt. Instead, I saw #AVZ claiming its rights. Claiming your rights rhymes with insulting? Let's support our country in the path of truth! TCB
Frank
Top 20
China lithium miners restart after government investigation
Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian.
A probe into the mining industry in Yichun in the southeastern Jiangxi province forced sweeping closures last week, affecting around a 10th of the battery material’s global output.
All mines with valid government permits have already resumed production, Cailian reported Tuesday, citing unnamed sources at mining companies.
Yichun has been at the center of a lithium boom in the past two years, as soaring prices turned its low-grade ore — known as lepidolite — into a key source of additional supply.
Major companies in China’s battery supply-chain have invested in the area, while growth in the country’s lithium output from lepidolite has been central to some bearish forecasts for the metal.
“The impact of the latest shutdowns in Jiangxi is overblown,” said Cameron Perks, an analyst at Benchmark Mineral Intelligence. The crackdown is targeting small-scale, illegal mining, and the bigger operations with licenses stopped work for just a few days, he said.
Contemporary Amperex Technology Co. didn’t immediately respond to a call seeking comment, while Gotion High-Tech Co. didn’t reply to an email.
Both firms are battery-makers with investments in Yichun.
Several other mining companies in the area declined to comment when reached by phone.
Mining in Yichun was largely brought to a halt last week as officials from several ministries arrived from Beijing to investigate the sector following reports of unlicensed mining and environmental infringements, Yicai newspaper reported on Sunday.
About a fifth of China’s lithium output was derived from lepidolite in 2021, according to an academic study published by the journal China Geology.
Yichun’s lepidolite rocks contain less than 1% lithium, according to the study.
That’s a low level that typically makes extraction more energy-intensive and expensive.
“I believe the Chinese government certainly has an interest in keeping things running smoothly, and I’m not sure that artisanal operators help there,” Perks said.
“Large companies will continue to develop their projects in the region.”
Lithium price slide deepens as China battery giant bets on cheaper inputs
Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say.
After a frenzied rush by electric vehicle makers to secure raw materials over the past two years, which drove prices for lithium carbonate up more than six-fold and spodumene up nearly ten-fold, the bubble has burst.
“Supply is coming on stream faster than you can say ‘boo’,” said analyst Dylan Kelly of Ord Minnett in Sydney.
“Demand remains strong but prices have been unsustainable for some time now.”
The turning point for lithium prices came late last year as electric vehicle demand in China slowed sharply ahead of Beijing’s planned halt to subsidies for the $87 billion industry, the world’s biggest and fastest growing.
The slide steepened, analysts say, as investors were spooked by a drop in China’s January electric vehicles sales and by CATL’s discount terms, which included an assumption that prices of lithium carbonate, a key component in auto batteries, would more than halve.
But even as demand worries have rocked markets, it is the looming supply from China, Australia and Chile that will bring prices back down to earth, analysts say.
www.mining.com/web/lithium-price-slide-deepens-as-china-battery-giant-bets-on-cheaper-inputs/
"We must fight against economic and financial colonization" (Jules Alingete)
Since the accession to the supreme office of Félix Tshisekedi, the General Inspectorate of Finance has been strengthened in capacity and means in order to track down the perpetrators of economic crimes in the DRC.
In line with the vision of the Head of State, Félix Tshisekedi to put an end to embezzlement and corruption in the DRC, Jules Alingete refuses to back down on this.
Indeed, he believes that the same energy that will have enabled the DRC to free itself from the colonial yoke should motivate the Congolese to "fight against the financial colonization imposed by internal and external predators in order to bequeath to our children a country where it will be a good life, ”wrote the financial policeman on his Twitter account.
State coffers have been bleeding for many years because of the financial and economic predation committed by Congolese political actors.
mediacongo
Spikerama
Regular
Who are these sleeping nobs in the images? Can I use them in something knowing they are DRC ministers?China lithium miners restart after government investigation
Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian.
A probe into the mining industry in Yichun in the southeastern Jiangxi province forced sweeping closures last week, affecting around a 10th of the battery material’s global output.
All mines with valid government permits have already resumed production, Cailian reported Tuesday, citing unnamed sources at mining companies.
View attachment 30937
Yichun has been at the center of a lithium boom in the past two years, as soaring prices turned its low-grade ore — known as lepidolite — into a key source of additional supply.
Major companies in China’s battery supply-chain have invested in the area, while growth in the country’s lithium output from lepidolite has been central to some bearish forecasts for the metal.
“The impact of the latest shutdowns in Jiangxi is overblown,” said Cameron Perks, an analyst at Benchmark Mineral Intelligence. The crackdown is targeting small-scale, illegal mining, and the bigger operations with licenses stopped work for just a few days, he said.
Contemporary Amperex Technology Co. didn’t immediately respond to a call seeking comment, while Gotion High-Tech Co. didn’t reply to an email.
Both firms are battery-makers with investments in Yichun.
Several other mining companies in the area declined to comment when reached by phone.
Mining in Yichun was largely brought to a halt last week as officials from several ministries arrived from Beijing to investigate the sector following reports of unlicensed mining and environmental infringements, Yicai newspaper reported on Sunday.
About a fifth of China’s lithium output was derived from lepidolite in 2021, according to an academic study published by the journal China Geology.
Yichun’s lepidolite rocks contain less than 1% lithium, according to the study.
That’s a low level that typically makes extraction more energy-intensive and expensive.
“I believe the Chinese government certainly has an interest in keeping things running smoothly, and I’m not sure that artisanal operators help there,” Perks said.
“Large companies will continue to develop their projects in the region.”
Lithium price slide deepens as China battery giant bets on cheaper inputs
Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say.
After a frenzied rush by electric vehicle makers to secure raw materials over the past two years, which drove prices for lithium carbonate up more than six-fold and spodumene up nearly ten-fold, the bubble has burst.
“Supply is coming on stream faster than you can say ‘boo’,” said analyst Dylan Kelly of Ord Minnett in Sydney.
“Demand remains strong but prices have been unsustainable for some time now.”
The turning point for lithium prices came late last year as electric vehicle demand in China slowed sharply ahead of Beijing’s planned halt to subsidies for the $87 billion industry, the world’s biggest and fastest growing.
The slide steepened, analysts say, as investors were spooked by a drop in China’s January electric vehicles sales and by CATL’s discount terms, which included an assumption that prices of lithium carbonate, a key component in auto batteries, would more than halve.
But even as demand worries have rocked markets, it is the looming supply from China, Australia and Chile that will bring prices back down to earth, analysts say.
www.mining.com/web/lithium-price-slide-deepens-as-china-battery-giant-bets-on-cheaper-inputs/
"We must fight against economic and financial colonization" (Jules Alingete)
View attachment 30938
Since the accession to the supreme office of Félix Tshisekedi, the General Inspectorate of Finance has been strengthened in capacity and means in order to track down the perpetrators of economic crimes in the DRC.
In line with the vision of the Head of State, Félix Tshisekedi to put an end to embezzlement and corruption in the DRC, Jules Alingete refuses to back down on this.
Indeed, he believes that the same energy that will have enabled the DRC to free itself from the colonial yoke should motivate the Congolese to "fight against the financial colonization imposed by internal and external predators in order to bequeath to our children a country where it will be a good life, ”wrote the financial policeman on his Twitter account.
State coffers have been bleeding for many years because of the financial and economic predation committed by Congolese political actors.
mediacongo
View attachment 30943
View attachment 30945
View attachment 30942
Mr Inappropriate
Regular
Context is important. Without knowing the context I’d be inclined to let those pictures go through to the keeper and keep the focus on known bad actors.
China's Battery Price War Is Built On A 'Shocking' Assumption About Lithium Costs: Report - The Autopian
Modern electric car batteries, by and large, require lithium carbonate. Even the cheaper iron phosphate batteries need the white salty stuff. Given the boom in electric car production, you might assume that the cost of lithium carbonate would go up or, maybe, slowly decline as mining increases...
www.theautopian.com
Mute22
Regular
What has happened over the last month? Have I missed something, because as far as I can tell nothing has happened.
Hodlandwin69
Regular
Wishful thinking. Remember CATL is not buying AVZ, CATH is. Yes CATL will get our lithium but the $240mil investment will not come from CATL
CashKing
Regular
CATH is a private investment entity owned jointly by successful Chinese investor Pei Zhenhua and Contemporary Amperex Technology Co, or “CATL”.
Mr Pei is a significant shareholder in Yibin Tianyi, one of China’s largest lithium converters and AVZ’s current off-take partner at Manono.
GLTAH
Carlos Danger
Top 20
Where do you reckon CATL have secured a 'significant amount of lithium' from to be able to offer big long term discounts on future orders for 80% of supply with their customers?
Maybe they are selling PLS because they know the impact that this new significant supply they have allegedly secured will have on the valuation of their holdings
Similar threads
