Speaking of poor old CORE, Market Darling to Disaster, One Day a Rooster, the Next a Feather Duster, I see where,
Carmakers spur Gigafactory construction to feed demand
It’s all about the factories.
Gigafactories coming online in China are set to feed demand for battery-grade materials such as lithium for insatiable EV markets, according to Benchmark Metals Intelligence (BMI) analysis.
“In H222 and H123, the Asia region maintained its position as the regional leader in terms of EV battery plant investments, attracting 38 projects into either gigafactory or EV battery component plant investments,” BMI says.
“Although the investments in Asia are dispersed among eight different markets we note that mainland China maintains its dominance in the region, attracting 13 investments for a combined value of US$38.1bn (59.5% of Asia’s total investment value).
Meanwhile,
Core Lithium looks to be hitting the market to again raise another $100m of capital for its Finniss lithium mine near Darwin in the NT less than a year after receiving $100m to develop the project.
The project shipped its first spodumene concentrate in the June quarter, producing 3589t and 14,685t in March and June respectively at recoveries of 47.4% and 48.6%, which pales in comparison to a 2021 DFS that projected a 71.7% average recovery rate.
C1 costs fell from $2188/t to $902/t in the June quarter, but Core disappointed the market with FY24 and FY25 guidance well below the nameplate 175,000tpa capacity outlined in its initial study work.
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Then there's Delta taking over from Core at the ASX Casino / Roller Coaster
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