AVZ Discussion 2022
- Thread starter GazDix
- Start date
Azzler
Top 20
Interesting John.
Can you give some info the source, and are we talking ML happening, or just a positive step forward for us happening on said date?
Thanks.
Sparrowhawk12
Regular
Looks like a twitter translation error. Translate the article and she was asked a question, not arrested. Br Sparrowhawk
Sparrowhawk12
Regular
Carlos Danger
Top 20
From the announcement:
The broader Cominière Abritration Proceedings before the ICC also relates to Cominière’s purported, but in AVZ’s view unlawful transfer of 15% of its shares in Dathcom, to a third party (Jin Cheng Mining Company Limited, a subsidiary of Zijin Mining Group Company Limited), in breach of AVZ’s preemption right.
Hey everyone, the recent legal victory was because Cominiere had tried to terminate the JV. AVZ took them straight to the ICC over that.
The ICC to their credit delivered a very prompt verdict. I believe this was only lodged a month ago or less.
Love how Cominiere have to pay legal expenses. That’s going to hurt hahaha
The ICC to their credit delivered a very prompt verdict. I believe this was only lodged a month ago or less.
Love how Cominiere have to pay legal expenses. That’s going to hurt hahaha
Xerof
Biding my Time 1971
JMO, but the 17 April announcement says this:
So, it seems the broader COMINIERE case has 2 parts, an injunction before a full hearing to stop COMINIERE from acting on their intentions to terminate the JVA, and secondly to reverse the sale of the 15%
I think this means we now have 2 ICC cases relating to Jin Cheng 15% - they have taken AVZ etc to ICC, and AVZI/DATHCOM etc have recently taken COMINIERE to ICC
Kunts
Kunt
So, it seems the broader COMINIERE case has 2 parts, an injunction before a full hearing to stop COMINIERE from acting on their intentions to terminate the JVA, and secondly to reverse the sale of the 15%
I think this means we now have 2 ICC cases relating to Jin Cheng 15% - they have taken AVZ etc to ICC, and AVZI/DATHCOM etc have recently taken COMINIERE to ICC
Kunts
Kunt
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Sparrowhawk12
Regular
Yes, thanks, BUT, is that ICC case the one that Jin Cheng (Zijin) bought to the ICC (supported by Cominiere) ???
Xerof
Biding my Time 1971
No
So, for me the outcomes will be something like this:
July ICC Jin v AVZ - piss off Jin, you have no right to take us to ICC, as you are not part of the JVA
Next case - AVZ vs COMINIERE - you silly buggers, we have ROFR
This move on 17 April is AVZ taking a front foot approach IMO
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50 mins ago – 10.40AM
Morgan Stanley believes lithium markets have hit a turning point following a five-month sell-off that caused prices of the battery material in China to plunge 70 per cent.
The broker noted that China carbonate prices have bounced 30 per cent from their lows, and hydroxide prices have rebounded by 20 per cent. But while lithium chemicals are gaining, the spodumene concentrate price has continued its downward trajectory, now at $US4050 a tonne.
Spodumene concentrate prices continue to fall. The New York Times
However, the broker noted sentiment in the market was improving given midstream inventories had fallen and actual supply growth had disappointed so far this year.
“The turning point in lithium markets? Yes, it looks like that for now at least,” said Marius van Straaten, commodities strategist at Morgan Stanley.
“Although China’s electric vehicle sales and battery production are back in growth mode after a lacklustre start of the year, cathode and battery cell producers are still not fully back buying in the spot market, but sentiment is clearly improving, and their lithium inventories appear to have eroded.”
Morgan Stanley said it expected the recently oversupplied lithium market to become tighter again for the remainder of this year.
The broker sees upside risk to its second half base case forecast of an average China lithium carbonate price of $US25/kg.
Lithium markets at a ‘turning point’: Morgan Stanley
Alex GluyasMorgan Stanley believes lithium markets have hit a turning point following a five-month sell-off that caused prices of the battery material in China to plunge 70 per cent.
The broker noted that China carbonate prices have bounced 30 per cent from their lows, and hydroxide prices have rebounded by 20 per cent. But while lithium chemicals are gaining, the spodumene concentrate price has continued its downward trajectory, now at $US4050 a tonne.
Spodumene concentrate prices continue to fall. The New York Times
However, the broker noted sentiment in the market was improving given midstream inventories had fallen and actual supply growth had disappointed so far this year.
“The turning point in lithium markets? Yes, it looks like that for now at least,” said Marius van Straaten, commodities strategist at Morgan Stanley.
“Although China’s electric vehicle sales and battery production are back in growth mode after a lacklustre start of the year, cathode and battery cell producers are still not fully back buying in the spot market, but sentiment is clearly improving, and their lithium inventories appear to have eroded.”
Morgan Stanley said it expected the recently oversupplied lithium market to become tighter again for the remainder of this year.
The broker sees upside risk to its second half base case forecast of an average China lithium carbonate price of $US25/kg.
Sparrow, this is a huge battle win for AVZ in this long drawn out war
ICC are basically saying to Cominiere that any attempts to follow thru with their actions ( termination of Dathcom JV ) plus 15% transfer to Zijin, will result in them getting punished 50k a day until final deliberations are made by ICC.
Cominiere also has to pay emergency court costs as a result.
Its a BIG FUCK YOU and more than likely precedence to a big AVZ win down the track.
Over to you Felix .............get some common sense together ASAP before your country gets even more embarrassed via the international community!!
Kudos to the AVZ bod !
imo
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