AVZ Discussion 2022
- Thread starter GazDix
- Start date
D
Deleted member 1612
Guest
Frank
Top 20
Market: fall in the prices of the main minerals exported by the DRC
The prices of the main raw materials exported by the Democratic Republic of Congo have generally fallen on the international market, indicates the Central Bank of Congo.
Copper fell 2.1% to $8,805.9 per ton.
The price of cobalt continued its downward trend during the four consecutive weeks of the current month of February.
It is established at 33,760.00 USD per ton, a decrease of 4.3%.
In monthly footfall, the two major commodities fell 6.0% and 30.5% respectively.
According to the Ministry of Mines, the Democratic Republic of Congo produced a total of 2,515,846.74 tonnes of copper and 115,371.31 tonnes of cobalt in 2022.
Since 2020, copper exports have increased by 14.4% to reach a level of more than 10 billion USD, or 68.3% of total exports.
This increase reflects the simultaneous effect of the increase in prices on international markets.
This drop in prices is bad business for the DRC.
China to increase control over global cobalt supply — report
China is poised to increase its control over the global cobalt supply, according to a report by Darton Commodities, a UK-based cobalt trader.
Over the next two years, China’s share of cobalt production is expected to reach half of global output, up from 44% at present, Darton said.
Chinese refining activity reached 140,000 tonnes in 2022, giving the country a 77% global share of refining capacity.
The price of the metal hit a 32-month low this month amid a surge in production.
Global mine production grew 42% between 2020 and 2022 as covid-19 related supply chain constraints eased, existing operations ramped up and several new mines were commissioned.
Glencore Plc was by far the world’s largest cobalt miner last year, mainly from its two operations in Congo.
Eurasian Resources Group and China’s CMOC Group Ltd., which also have large Congo operations, followed the Swiss company as the biggest producers.
Global supplies are expected to surge to around 210,000 tonnes this year, up 24% from 2022, while demand is forecast to rise 8% to 205,000 tonnes, according to the report.
Liberum analyst Tom Price told Reuters that prices are expected to average $54,840 a tonne this year and $50,320 in 2024, compared with $63,739 last year.
“A lot of things converged at the same time to push the market down: the relaxation of logistics issues, weak consumer electronic sales and a technology shift towards lower or no cobalt EV batteries,” Caspar Rawles, chief data officer at Benchmark Mineral Intelligence, told the Financial Times.
Cobalt prices could fall further if Tenke Fungurume, the world’s second-largest cobalt mine owned by CMOC, is allowed to resume exports from the DRC after a tax dispute led to an export ban last July.
The company has kept producing despite the ban, stockpiling 10,000 to 12,000 tonnes of the metal.
mining.com
In 2006, batteries accounted for 26pc of lithium demand.
By 2026 it will be 90pc
As the main component of lithium-ion batteries used in electric vehicles and stationary battery systems, lithium is considered the backbone of most green energy technologies.Until the next technological advances are achieved, the light metal will be the driving force behind the ‘battery era’ over the next decade.
According to Benchmark Mineral Intelligence the battery industry is set to extend its dominance of the lithium market to such a point that by 2026 it will account for 90% of demand.
In a matter of twenty years, the astronomical growth in electric vehicle adoption has seen the battery industry grow from a relatively small consumer to become the markets primary driver.
And the race to secure supplies is far from over yet.
UBS says China’s efforts to increase uptake could see it account for nearly a third of the world’s supply by the middle of the decade.
The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000t by 2025, from 194,000t in 2022.
mining.com
*This drop in prices is bad business for the DRC.
*Don't forget the Tin you DRC Turkey's $$$$$$$$$$$$$$$$
Food for thought Felix
Frank
Last edited:
Mr Inappropriate
Regular
These numbers make me happy. If.only.someone.would.grant.the.fucking.mining.lease…
Edit: This 9% to CATH thing seems to come up a bit. Something to it?
Edit: This 9% to CATH thing seems to come up a bit. Something to it?
Samus
Top 20
Nigel mentioned at the roadshows that CATH would be willing to go down to 9% saying they're more concerned with getting product than ownership.
it's a rough translation.
In chinese, a "win-win cooperation" isn't where both parties benefit, it's where someone 'cooperates' to help the chinese win-win twice.
Winenut
Go AVZ!
Also a mention that they would potentially still be willing to finance 24% of the project despite only a 9% interest if my shonky memory serves me correctly
Spot on that sentiment was securing supply as a priority.....not the % of ownership of the project
Samus
Top 20
The investigations of @IgfRdc @ALINGETEJULES_K on the management of the major tolls in the DRC by Simon Cong MaoHuai made the Chinese in the country tremble, who wrote to PR05 @fatshi13 @Presidence_RDC
in panic. Also investigate its JVs with Comimiere, etc (NGOs)
@JAG
investinvest
Regular
I've been checking MarketWatch occasionally to monitor AJN share price. It seems that it's recently changed within the last week from being a publicly-listed company to a private company. Any thoughts?
My first thoughts were:
1. Maybe MarketWatch got it wrong.
2. It's easier for AJN to hide misbehaviours being a private company.
3. How does this affect their proposed JV with DRC to form Congo Ressources now that the company structure has changed? Or are there factors/issues with the proposed JV or legal issues with some of their execs/directors necessitating the change in company structure?
IMO DYOR
My first thoughts were:
1. Maybe MarketWatch got it wrong.
2. It's easier for AJN to hide misbehaviours being a private company.
3. How does this affect their proposed JV with DRC to form Congo Ressources now that the company structure has changed? Or are there factors/issues with the proposed JV or legal issues with some of their execs/directors necessitating the change in company structure?
IMO DYOR
Email AVZ and ask Ferguson.
Chilla
Regular
Go to the AJN web page and click on Investors and then Stock Price….it takes you to the CSE listing page. It is still public listed and it’s status is Active. Must be a glitch on your MarketWatch page.
Xerof
Biding my Time 1971
Still on the CSE as far as the CSE website shows
https://thecse.com/en/listings/mining/ajn-resources-inc
Chilla beat me by 'that much'
It hasn't traded since March 1st - so can confirm Nige isn't selling
I'm not so sure of that. We haven't heard ICC hearing confirmed for any date in April, and in any case it's likely just going to be another procedural hearing with the case probably to be heard down the line. ICC be slooow. I know there's a chance of talking happening in the lead up to ICC if this was just a pressure move by Zijin and they don't wish the case to actually go forward, leading to some sort of negotiated settlement or the Chinese making a more concerted grab through their DRC proxy pressure campaign, but there's likely to still be a fair amount of time to act on that before any ICC embarrassment is envisaged. IMO anyway, I'm hoping your right and we won't even get to the case. (As long as that trends towards a positive outcome at least, lolz.)
I'm hopeful of a resolution before it gets to the ICC . Nigel knows time and money are not on our side .There is also the chance that if something cannot be sorted the MoM will pull it completely (In The Nation's Best Interest ). I think if all the cards were going to fall in our favour it would have happened by now . IMO
Last edited:
I think Nigel said CATH could go to 9% so long as they were guaranteed at least 50% of production but then again Nigel said a lot of things ...........
Mickyb64
Regular
If this isn't resolved before the ICC hearing this will drag out for another 6 months. Once it hits court/arbitration it will get bogged down. I'm hoping something happens beforehand.
Bin59
Regular
Text from the conversation between CybelleKamba & WilliamKande2
While the #PR05 @Fatshii13
Decides to fight corruption, there are some deputies who agree to be taken care of by the #Chinese to ensure their campaigns and in turn stifle the $AVZ file, #lithium_Manono.
N.B: nothing is taken for granted
William:
William:
While the #PR05 @Fatshii13
Decides to fight corruption, there are some deputies who agree to be taken care of by the #Chinese to ensure their campaigns and in turn stifle the $AVZ file, #lithium_Manono.
N.B: nothing is taken for granted
William:
William:
MoneyBags1348
Top 20
@Sammael and @Winenut
CATH are substantial holders in Lithium Plus who have continued accumulating shares so they are still getting the benefits from increased ownership
@wombat74 you were complaining last year about @Nellie17 and @The Fox speculating on good news, and at the same time all you ever do is speculate on bad news.
Apart from that you never actually do any research and you always have an answer back so I figure the only way to not have to listen to your bullshit any longer is to put you on ignore
…. Thank fuck for that
CATH are substantial holders in Lithium Plus who have continued accumulating shares so they are still getting the benefits from increased ownership
@wombat74 you were complaining last year about @Nellie17 and @The Fox speculating on good news, and at the same time all you ever do is speculate on bad news.
Apart from that you never actually do any research and you always have an answer back so I figure the only way to not have to listen to your bullshit any longer is to put you on ignore
…. Thank fuck for that
Couldn't agree more with you Bags, he is a whinging, wining, negative naysayer. I sometimes wonder what he is trying to achieve???
Similar threads
