Mr Inappropriate
Regular
Fuck off - she‘s my wife.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
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
marksmann007
Regular
Interesting.
Have we had any winks from Deboss this morning?
Have we had any winks from Deboss this morning?
Frank
Top 20
Chinese contract: in the absence of an amicable solution, four NGOs suggest the nationalization of Sicomines
The report of the General Inspectorate of Finance (IGF) on the contract signed on September 17, 2008 between the DRC and a group of Chinese companies (GEC) is still in the news.
This Wednesday, March 1, four civil society organizations, namely the Public Expenditure Observatory (Odep), the African Association for the Defense of Human Rights (Asadho), the Congolese Association for Access to Justice (Acaj) and the Economic Governance and Democracy Network (Reged), while welcoming the IGF's report, called for the review of the contract deemed unbalanced.
The IGF report highlights significant disbursements made to Chinese companies established in the DRC, but very low investments in infrastructure for the benefit of the country as agreed in April 2018 when the said agreement was signed.
In the absence of an amicable solution at the end of these discussions, these organizations recommend to the President of the Republic, to the government, to the Courts and tribunals to suspend, then to cancel this agreement, or even to nationalize Sicomines.
They said so in a statement read by Professor Florimond Muteba, PCA of Odep.
These organizations also demand legal proceedings against all those involved in the signing and in the management of this convention and ask President Felix-Antoine Tshisekedi not to leave unpunished the perpetrators of what they describe as "economic crime".
They also plead for the respective responsibility of all the public authorities who were involved in the conclusion and management of the aforesaid Convention to be engaged, from the President of the Republic, to the executives, through the prime ministers, the ministers whose sectors are concerned, the Congolese negotiators, the coordinator of the project as well as the persons in charge of the Congolese Agency of great works (Acgt) and those of Gecamines.
To the control institutions, they ask to undertake or continue the control of all the agreements, in particular mining, in which the DRC is bound, to safeguard the interests of the Congolese people.
These organizations urge Chinese partners to encourage their companies to submit to the duty of accountability and to encourage those arrested to present their means of defense through legal channels.
To the political actors, these organizations ask to refrain from politicizing this file, in order to allow the Congolese people, owner of the national resources, to receive all the clarifications on the way in which their wealth is managed and to persuade any person in charge arrested in this file to present its means of defense by all legal means rather than attacking the IGF "which is only carrying out its legal tasks".
mediacongo
Do these Civil Societies have any influence on the government or the general population? Some strong recommendations, they are clearly over being ripped off by the Chinese and corrupt elements. Where would this shave been published Frank?
Jules Alingete is indeed a champion, we salute you!
Have you seen Felix photo - it's paraded everywhere , from GOV offices to public toilets and probably at the bed head of most whore houses. These guys get elevated to God like symbols and every meeting ppl are kowtowing to their every whim. Its not much different in Asia where I worked for 30 years and very, very different to the West where we take great pleasure at insulating retard politicians. Even If he was more grounded than a Darwin Truck driver , his tires are pumped up daily and the best of us would start believing we are better than we actually are and you don't take insults easily. Im sure his not reading the bird and he could have super thick skin, but it's AVZ enemies that will use it and we have seen it already on the bird. I could'nt give a flying dog turd about Felix , but I don't want some innuendo going against AVZ and its makes sense AVZ has reached out to some to back down, as AVZ tone always been one of respect.
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