TheCount
Regular
ACT is wholly within NSW, different territory..
But we have logic in our Country, they, sadly do not.
I wish your observation was true!
AVZ Discussion 2022
- Thread starter GazDix
- Start date
But we have logic in our Country, they, sadly do not.
I wish your observation was true!
and fucking gorgeous !
Frank
Top 20
China is oversupplying lithium to eliminate rivals, US official says
Chinese lithium producers are flooding the global market with the critical metal and causing a “predatory” price drop as they seek to eliminate competing projects, a senior US official said on a visit to Portugal that has ample lithium reserves.
Jose Fernandez, under secretary for economic growth, energy and the environment at the US Department of State, told a briefing late on Monday that China was producing much more lithium “than the world needs today, by far”.
“That is an intentional response by the People’s Republic of China to what we are trying to do” with the Inflation Reduction Act – the largest climate and energy investment package in US history valued at over $400 billion, Fernandez said, adding:
“They engage in predatory pricing… (they) lower the price until competition disappears. That is what is happening.”
China accounts for about two-thirds of the world’s lithium chemical output, which is mainly used in battery technologies including for electric cars.
Prices of lithium have fallen more than 80% in the past year largely due to overproduction from China and a drop in demand for electric vehicles.
However, the price collapse is also affecting China as it has forced Chinese companies like battery giant CATL to suspend production at certain mines.
Job cuts
Europe aims to reduce its dependence on imports from China and other countries of lithium and other materials essential to the green transition.Fernandez said the low price “constrains our ability to diversify our supply chains on a broad, global scale” and also hurts countries such as Portugal that need investment to develop these industries.
Falling prices have forced many global lithium producers to scale back production and cut jobs.
Portugal, with some 60,000 tons of known reserves, is already Europe’s biggest producer of lithium, traditionally mined for ceramics.
Along with neighbouring Spain, the country wants to take advantage of local lithium deposits, aiming to cover the entire value chain from mining and refining to cell and battery manufacturing to battery recycling.
Several mining companies in Portugal have been looking for financing, customers and suppliers to crank up projects.
“We want to help them, and we think we can… lithium mining companies, everywhere, have to survive this difficult phase that was created by predatory pricing,” Fernandez said.
China’s Premier Li Qiang in June used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the United States and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies.
Trade tensions intensified last Friday when the European Union said it would press ahead with hefty tariffs on China-made electric vehicles to counter what it sees as unfair Chinese subsidies, after a year-long anti-subsidy investigation. China on Tuesday imposed temporary anti-dumping measures on imports of brandy from the EU.
mining.com
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Carlos Danger
Top 20
This is why no one is helping us. Even if we win 100% of our offtakes go to China at a discount to market rate which will still be manipulated by China. Only difference if AVZ control Manono is we will get a cut and there is the possibility of changing offtake partners in 3 to 5 years.
Carlos Danger
Top 20
The loophole is pretty simple
We just need $420m USD to pay the TIA break fee and satisfy the requirements of the mining code by having 40% of the DFS valuation without our Chinese sugar daddies that voted against the current bod at the AGM last year
Should happen any day now
Carlos Danger
Top 20
Gee the clown car of morons spreading constant AVZ hate have gone real quiet the last few days. Nada from tolate, lars or stonewalll. Has the money dried up or are they all enjoying a succulent chinese meal somewhere working on their talking points for the upcoming vote?
The fuckwits are bunkered down in Carrick's fucking basement gorging Chinese takeaway plotting and strategising how they can absolutely tear down AVZ from the inside completely destroying any skerrick of wealth for honest Aussie Mum and Dad investors whilst in the process lining their own pockets and snivelling at the feet of their foreign masters
They are the fucking scum of the earth
Well so I've heard.....
marksmann007
Regular
And all that was inside was a takeaway menu from a chinese restaurant....
obe wan
Regular
$9.9b buy out of Arcadium … likely underpins any valuation pushed through by AVZ and washes away any secondary low ball valuation Zijin maybe thinking of cementing within the minds of ICC/ICSID… maybe Zijin should consider tabling an offer for AVZ to piss off , because if we are successful in arbitration , then someone’s going to have to pay a lot more
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