David holland
Regular
Sounds like AVZ Want to get it right before coming back
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Rediah
Regular
I tried on chrome browser on a desktop
Frank
Top 20
Felix can get to the bottom of it, but it will also be interesting to see what happens later this year during the election.
*Fyi, Elections aren't til next Year 2023 Bro
Elections 2023 in sight: "Jean-Pierre Bemba is eligible" (Andre Mbata)
As a duty of accountability, the office of the National Assembly, through the first vice-president, Professor André Mbata Mangu Betukumesu, organized a forum through which he shed light on several questions relating to this text of the voted law. , Thursday, June 2, 2022 in first reading by the Lower House. On this occasion, concerns related to the ongoing electoral process in the country were clarified by André Mbata who spoke without taboos.
“I am happy to find myself before you to discuss the electoral law voted on Thursday, June 2, 2022, at first reading by the Lower House of Parliament.
This text has already been sent to the Senate for second reading.
The adoption of this bill places us in line with the holding of elections that we want to be free, transparent and credible in 2023, different from those that the country has known in the past.
It is with these words that André Mbata introduces this exchange with the invited media professionals, Saturday, June 4 in the Congress Hall.
André Mbata Mangu Betukumesu, elected first vice-president of the National Assembly, is responsible for overseeing legislative matters, everything related to legislation; take care of the relations between the office and the parliamentary groups as well as parliamentary diplomacy.
It was therefore within the framework of the 1st mission that he lent himself to this accountability exercise.
Among the innovations included in the new law, André Mbata noted in passing the consideration of the gender dimension (a list that brings together 50% of female candidates will be excepted from paying the deposit); posting of polling station results by polling station and on the CENI website; taking into account the role of observers who will co-sign the results sheets; the sending of the ballots at the same time to the CENI and to the competent jurisdiction, before the electoral disputes….
The threshold maintained
For André Mbata, if the threshold is maintained in this bill, it is a way to clean up the political court in the DRC.
This threshold of admissibility of the electoral list fixed at 60%, to clean up the Congolese political space which has more than 700 political parties.
Among which, there are political parties of briefcases, ethnic, tribal, territorial parties, provinces which, normally, should not compete in the electoral contests, because this has an impact on the quality of the government to be put in place.
Kabila is struck with ineligibility
On another chapter, the first vice-president of the National Assembly spoke about the status of the former head of state, Joseph Kabila Kabange who, from his point of view, is constitutionally ineligible, according to Article 220, which stipulates that the intangible provisions are not subject to any modification, in particular the mandate of the Head of State.
"Which means that Joseph Kabila is ineligible in the current context, unless he is reborn under a new identity", quipped André Mbata on the question of the possibility for the honorary president of the Republic to stand as a candidate in 2023.
His party and political group must organize themselves to prepare another candidate.
Jean-Pierre Bemba is eligible
On the other hand, Jean-Pierre Bemba, president of the Movement for the Liberation of Congo (MLC), can participate in future elections.
The new electoral law makes a distinction between permanent and temporary ineligibility and the leader of the MLC finds himself among the cases of temporary ineligibility.
“The most serious crimes under international law are sanctioned by the International Criminal Court. If someone has been convicted, for example, of the crime of genocide, he is ineligible for life.
If you have been convicted of a war crime, you are also ineligible for life.
Crime against humanity, you are also ineligible for life.
So we wanted to distinguish between temporary ineligibility and permanent ineligibility, and thank God for Jean-Pierre Bemba and other compatriots, they will be able to benefit from this new system and I believe that it is wrong to say that Jean-Pierre Bemba was excluded,” explained André Mbata.
Provide the CENI with substantial resources
André Mbata also declared that after the vote on the electoral law, the deputies will be very careful about the financing of the polls, in particular during the session of September 2023 essentially devoted to the vote on the budget.
“An important part will be devoted to the holding of elections. It is necessary that in the distribution, the holding of elections takes the lion's share so as to reflect the will to hold elections within the constitutional deadline, without slippage, "said the first vice-president of the National Assembly.
Food for thought
Frank
Sammy_da_Smile
Regular
Quick quide:
On the video, click YouTube in blue below: this will open it in your default browser.
Next, click options, and select "desktop site". This will emulate what is shown on a desktop PC. Example below is from Chrome.
Now once you are using the desktop version of YouTube, do the following: (Chrome is odd, that's why I don't use it) but you may have to click the subtitle thing twice.
First click on "German"
Second click the cog (settings) brings up auto translate for which you can select your language of choice:
Any issues let me know, happy to help
On the video, click YouTube in blue below: this will open it in your default browser.
Next, click options, and select "desktop site". This will emulate what is shown on a desktop PC. Example below is from Chrome.
Now once you are using the desktop version of YouTube, do the following: (Chrome is odd, that's why I don't use it) but you may have to click the subtitle thing twice.
First click on "German"
Second click the cog (settings) brings up auto translate for which you can select your language of choice:
Any issues let me know, happy to help
Attachments
Sammy_da_Smile
Regular
Click german, then re open that menu. It's odd how it does that, but now you should see auto translate and you should be gtg
Rediah
Regular
Thank you, worked liked a charm.
njoy84
Member
Hey
I just wrote down the Transkript of the video for better understanding, nothing new but a good call to not listen to the speculation all to much
"Being a shareholder of AVZ Minerals is currently a test of patience. External obstacles beyond the company's control have been delaying the implementation of the CATH deal for weeks. The deal provides for a transfer of ownership of the Manono project which, according to the original plan, should have been completed long ago. With the implementation of the deal, the further development of the mine is secured, but due to the external resistance, it cannot be moved forward quickly at the moment. We remember that only recently a legal dispute arose around the Manono project. AVZ Minerals is certain about the ownership rights and presents signed documents and agreements which do not prevent the other side from making other claims. This has recently put a lot of pressure on the share. What is important for the shareholders of AVZ is that CATH is not the braking force, on the contrary. Both contractual partners have a strong interest in implementing the contents of the agreement quickly and then to move forward quickly with the expansion of the mine and its infrastructure. For this reason, it was also possible for both contractual partners to extend the end date for the implementation of the transaction agreement once again by mutual agreement and to set it at 31 July 2022. this contractual adjustment was linked to the self-commitment to implement the transaction agreement as quickly as possible in order to jointly drive forward the further development of the Manono project. As mentioned, the ownership of the Manono project remains unresolved. AVZ Minerals itself has no reason to deviate from its legal position, but the other side has apparently not moved or not moved decisively. The dispute is therefore still ongoing. However, as it can be assumed that the unresolved question of the actual ownership structure will have a strong impact on the trading of the shares of AVZ Minerals, the company has applied to the Australian stock exchange to extend the voluntary suspension from trading once again.
The request is for trading to be suspended until 1 July 2022. However, a resumption of trading would be possible earlier if a decision on the mining and exploration rights for the Manono project can be made and announced to the market beforehand. Shareholders therefore have no choice but to be patient for probably another 4 weeks and wait to see what the results of the negotiations will be behind the scenes or what position the government will take on this issue.
This is not particularly pleasing, but investors have no other choice. Nevertheless, we are keeping our fingers crossed for all investors that the situation will be resolved as quickly as possible and in favour of the shareholders.
Unfortunately, that is all the information we have on the current situation.
It is important to emphasise that the nervous shareholders among you should not get involved in extreme speculation. Official statements can be found directly from avz minerals in english and in german at axinocapital.
And any information or thoughts outside these official sources are not necessarily correct. Speculation is sometimes appropriate and can help, but one should not lose one's head."
Basically they are saying they don't know any more than your average punter . Suggested investors don't lose their minds speculating on the outcome and to keep our fingers crossed . They don't know shit in other words . There must be some very pissed off Germans . One minute their having a gourmet dinner with Nigel telling them AVZ's going to set the world on fire , the next their investment is in lock down and potentially worthless . Must be some serious German investors for Nigel to do a special tour and fine dine them . Even Nige had class of wine in his hand while presenting . It was a love fest and now it's a blood vest . (for the time being ).
obe wan
Regular
I see Deboss post of HC regarding Peter Huljich beimg part of the Amani board . Probably worth it if people contact the company asking for Peter Huljich to resign immediately from Amani or AVZ; if he refuses to do either then decision should be left with management with backing of shareholders to terminate Peters contract or if they feel that isn’t required then that’s fine ; but the comment of Amani performance rights suggests Peter may have become a bit greedy ; we certainly don’t want one directors greed hampering the process of AVZ progress in DRC and ultimately effecting shareholders investments
Did I read the dude has 500Million performance rights with Amani ? WTF?? What the hell is this dude doing on the AVZ pay roll ?
Last edited:
Rediah
Regular
Thank you, mentally we are strong and patiently awaiting news directly from the AVZ itself,
but from time to time we have been teased especially recently @Cashcity throwing hints
, so naturally when something like above comes and that too in foreign language we get even more excited, hahaha
obe wan
Regular
Agreed, if he’s sitting there with 500m PRs on Amani ; he’s also on a Motsa with AVZ , he’s probably not keen on resigning from either ; but personally I think he needs to choose one or the other ; if he doesn’t , then he needs to be offloaded; there’s just too many angles the likes of Cong and co will pull ; we really do need to be squeaky clean . Peter isn't acting in the best interests of AVZ by remaining on both boards
Samus
Top 20
Seems likely to be the owner of @PHuljich
Hasn't tweeted much of anything.
The account is followed by @avzminerals though.
Leave that there just in case anyone wants to go after him with a pitchfork.
Hasn't tweeted much of anything.
The account is followed by @avzminerals though.
Leave that there just in case anyone wants to go after him with a pitchfork.
Last edited:
TheCount
Regular
Attachments
Frank
Top 20
*Great to see some DRC wounds being dealt with atm, some Brownie Points won't hurt Felix and his re-election campaigne, after Kabila remained in Power for longer than he should have, probably due to the fact he was on such a "Good Wicket" with all the Dodgy Deals with Dan Gertler and others with the Chinese who were lining his Pockets while the rest of the Country suffered, as
First visit of the King of the Belgians Philippe, colonial past in the background
Belgian King Philippe begins his first official visit to the Democratic Republic of Congo on Tuesday, to relaunch the partnership with President Tshisekedi and continue the work of memory on the colonial period, still omnipresent in people's minds.
This six-day trip, at the invitation of Félix Tshisekedi, has a strong symbolic significance, two years after Philippe expressed in a letter to the Congolese head of state his "deepest regrets" for the "wounds" of the colonization, a historic first.
The sovereign who reigns since 2013 had regretted the "acts of violence and cruelty" committed at the time when his ancestor Leopold II had made the Congo his personal property (1885-1908), before the half-century of presence of the Belgian state.
In the former colony, Philippe will be accompanied by his wife, Queen Mathilde, and members of the Belgian government, including its leader Alexander De Croo.
Three stages are planned and the sovereign must make a speech at the first two; in Kinshasa on Wednesday during a ceremony with Mr. Tshisekedi in front of the headquarters of the Congolese Parliament, then on Friday in front of students from the University of Lubumbashi (south).
"There will also be a reference to the colonial past," said the royal palace, without further details.
- New life" -
Twelve years after the last visit of a Belgian sovereign (Albert II in 2010), this one also aims to mark the warming of a relationship which was difficult during the end of the presidency of Joseph Kabila (2001-2018).
The latter was criticized including by Brussels for having remained in power beyond his second term, in violation of the Constitution of his country.
Cooperation was temporarily suspended.
But members of the Belgian government returned to Kinshasa after Mr. Tshisekedi came to power - including former Prime Minister Sophie Wilmès in early 2020 - and the king wants to contribute to the "new breath" given to the partnership since 2019 , we underline at the palace.
This is to "encourage reform efforts".
Initially scheduled for June 2020 for the 60th anniversary of the independence of Congo (formerly Zaire, now the DRC), the visit was postponed three times due to the coronavirus pandemic and then the war in Ukraine.
It comes in a context of renewed violence in North Kivu (east), where the DRC accuses the neighboring country, Rwanda, of supporting armed rebels opposed to the Congolese authorities.
Belgium has called for an "immediate" end to the fighting, which is causing the exodus of thousands of civilians.
In this huge country, where the per capita GDP is one of the lowest in the world despite the mineral wealth, the East has been shaken by massacres and violence for nearly 30 years, a consequence of the genocide of the Tutsi in 1994 in Rwanda, some of whom perpetrators fled to the DRC.
- "Make clarity" -
The royal couple will show their solidarity with these bruised populations, in particular victims of rape.
The last leg of their journey is scheduled for June 12 in Bukavu, in the clinic of gynecologist Denis Mukwege, co-winner of the 2018 Nobel Peace Prize for his fight against sexual violence.
Health, education, training, forest protection: Philippe and Mathilde will have during their visit an overview of the sectors where development aid is exercised in the DRC, of which Belgium is a key partner, the giant's fourth donor after the United States, the United Kingdom and Germany.
A stop on Wednesday at the National Museum in Kinshasa will also address the question of the return of works of art to the former colony, for which the Belgian government has defined a roadmap in 2021.
Reflection on the colonial past has suddenly accelerated in Belgium in 2020, in the wake of the Black Lives Matter movement linked to the murder of African American George Floyd.
After angry demonstrations by Afro-descendants, and the unbolting of statues of Leopold II by several municipalities, Parliament set up a special commission to "shed light" on this past.
It was also in the summer of 2020 that the children of Patrice Lumumba obtained the return by Belgian justice of a tooth attributed to the murdered hero of the anti-colonial struggle, who was ephemeral first Prime Minister of the independent Congo.
After several postponements, the restitution ceremony is scheduled for Brussels on June 20, the starting point for commemorations in the DRC.
First visit of the King of the Belgians Philippe, colonial past in the background
Belgian King Philippe begins his first official visit to the Democratic Republic of Congo on Tuesday, to relaunch the partnership with President Tshisekedi and continue the work of memory on the colonial period, still omnipresent in people's minds.
This six-day trip, at the invitation of Félix Tshisekedi, has a strong symbolic significance, two years after Philippe expressed in a letter to the Congolese head of state his "deepest regrets" for the "wounds" of the colonization, a historic first.
The sovereign who reigns since 2013 had regretted the "acts of violence and cruelty" committed at the time when his ancestor Leopold II had made the Congo his personal property (1885-1908), before the half-century of presence of the Belgian state.
In the former colony, Philippe will be accompanied by his wife, Queen Mathilde, and members of the Belgian government, including its leader Alexander De Croo.
Three stages are planned and the sovereign must make a speech at the first two; in Kinshasa on Wednesday during a ceremony with Mr. Tshisekedi in front of the headquarters of the Congolese Parliament, then on Friday in front of students from the University of Lubumbashi (south).
"There will also be a reference to the colonial past," said the royal palace, without further details.
- New life" -
Twelve years after the last visit of a Belgian sovereign (Albert II in 2010), this one also aims to mark the warming of a relationship which was difficult during the end of the presidency of Joseph Kabila (2001-2018).
The latter was criticized including by Brussels for having remained in power beyond his second term, in violation of the Constitution of his country.
Cooperation was temporarily suspended.
But members of the Belgian government returned to Kinshasa after Mr. Tshisekedi came to power - including former Prime Minister Sophie Wilmès in early 2020 - and the king wants to contribute to the "new breath" given to the partnership since 2019 , we underline at the palace.
This is to "encourage reform efforts".
Initially scheduled for June 2020 for the 60th anniversary of the independence of Congo (formerly Zaire, now the DRC), the visit was postponed three times due to the coronavirus pandemic and then the war in Ukraine.
It comes in a context of renewed violence in North Kivu (east), where the DRC accuses the neighboring country, Rwanda, of supporting armed rebels opposed to the Congolese authorities.
Belgium has called for an "immediate" end to the fighting, which is causing the exodus of thousands of civilians.
In this huge country, where the per capita GDP is one of the lowest in the world despite the mineral wealth, the East has been shaken by massacres and violence for nearly 30 years, a consequence of the genocide of the Tutsi in 1994 in Rwanda, some of whom perpetrators fled to the DRC.
- "Make clarity" -
The royal couple will show their solidarity with these bruised populations, in particular victims of rape.
The last leg of their journey is scheduled for June 12 in Bukavu, in the clinic of gynecologist Denis Mukwege, co-winner of the 2018 Nobel Peace Prize for his fight against sexual violence.
Health, education, training, forest protection: Philippe and Mathilde will have during their visit an overview of the sectors where development aid is exercised in the DRC, of which Belgium is a key partner, the giant's fourth donor after the United States, the United Kingdom and Germany.
A stop on Wednesday at the National Museum in Kinshasa will also address the question of the return of works of art to the former colony, for which the Belgian government has defined a roadmap in 2021.
Reflection on the colonial past has suddenly accelerated in Belgium in 2020, in the wake of the Black Lives Matter movement linked to the murder of African American George Floyd.
After angry demonstrations by Afro-descendants, and the unbolting of statues of Leopold II by several municipalities, Parliament set up a special commission to "shed light" on this past.
It was also in the summer of 2020 that the children of Patrice Lumumba obtained the return by Belgian justice of a tooth attributed to the murdered hero of the anti-colonial struggle, who was ephemeral first Prime Minister of the independent Congo.
After several postponements, the restitution ceremony is scheduled for Brussels on June 20, the starting point for commemorations in the DRC.
Last edited:
BRICK
Regular
DRC needs to dig deeper in mines for electric cars battery minerals
10pc of all vehicles sold globally in 2021 were electric, putting pressure on mineral-rich countries to supply copper, cobalt and lithium for batteries.
Fletch77
Regular
Excellent drill results from ESS this morning guys..
Another lithium stock to look at if you haven’t, already has 10MT and very undervalued. ( Have been holding since 17c)
To the newer posters here, yes I’m totally cross promoting for your benefit, but the guys that were here from early days decided we are all interested to hear about other exploration company’s worth researching.
There is a seperate thread we were using for giving tips on company’s worth looking at.
FYI I think BNR is worth a very close look, considering it’s 12km from the AKE processing plant. (not holding yet)
$11mill cash, $46mill MC, quite a few pegs with high grade rock chip samples (best I have seen after AVZ’s samples)
Even if those guys only come up with 5Mt, it’s worth a lot to their neighbours as a plan B
Another lithium stock to look at if you haven’t, already has 10MT and very undervalued. ( Have been holding since 17c)
To the newer posters here, yes I’m totally cross promoting for your benefit, but the guys that were here from early days decided we are all interested to hear about other exploration company’s worth researching.
There is a seperate thread we were using for giving tips on company’s worth looking at.
FYI I think BNR is worth a very close look, considering it’s 12km from the AKE processing plant. (not holding yet)
$11mill cash, $46mill MC, quite a few pegs with high grade rock chip samples (best I have seen after AVZ’s samples)
Even if those guys only come up with 5Mt, it’s worth a lot to their neighbours as a plan B
Frank
Top 20
No mines without electricity
The mining sector, and mainly in Katanga, continues to face a deficit in electrical energy.
To remedy this, the Katanga region imports 110 Mega Watts from Zambia, which it makes available to the miners which is still insufficient.
However, the country now has a few electricity production projects carried out by private individuals, but we will have to wait a few more years before the mines are better supplied with electrical energy.
One of the projects in the energy sector in the Katanga region is that of the company Kipay Investment.
It wants to produce 110 megawatts and supply both mines and households. Construction work on a solar power plant in Fungurume and a hydroelectric dam on the Lufira River will start next year.
Three other projects in Lubudi
In the province of Lualaba, still in the Katanga region, mining is booming, and the demand for electrical energy is growing despite the construction of the 240 Megawatt Busanga hydroelectric dam.
To do this, the company Tembo Power is developing three other projects and plans to produce 115 megawatts, but mining companies still have to wait about 3 years, explains Bertrand Rochecouste, its director.
“We have three cascading hydropower projects.
There is the one called Kawa of 17 Megawatts, Dikolongo of 17.5 Megawatts and Kambunji of 31.5 Megawatts and they are accompanied by another project, that of a 50 megawatt photovoltaic power plant.
For now, we are waiting for the Congolese government to sign the transfer contract.
It is a project of more than 280 million US dollars. We hope to start work in September 2023.
It will take a total of 42 months for the 115 megawatts to be commissioned”.
Rehabilitate existing power plants
In the DRC, the mining sector is not the only demand for electrical energy.
Industry and even households also have low access to electricity.
This is the case in Kisangani in the province of Tshopo in the northeast of the country.
For a need of 40 megawatts, the Tshopo hydroelectric power station, which is over 60 years old, only produces around 2.5 megawatts due to a breakdown and the obsolescence of the equipment.
A support project to improve electricity supply is underway, explains Hamed Ben Haj, director of the Congo Energy company.
”It is a project of a power plant that produces solar energy.
We also have the rehabilitation of the Tshopo 1 hydroelectric power station.
We are currently setting up the distribution network to serve both trade and industry in the province of Tshopo”.
By 2030, the DRC aims to increase the level of access of the population to electricity – from less than 10% to 30%.
*No mention of Manono or Piana Mwanga, but still bodes well for AVZ moving forward imo,
To remind,
The mining sector, and mainly in Katanga, continues to face a deficit in electrical energy.
To remedy this, the Katanga region imports 110 Mega Watts from Zambia, which it makes available to the miners which is still insufficient.
However, the country now has a few electricity production projects carried out by private individuals, but we will have to wait a few more years before the mines are better supplied with electrical energy.
One of the projects in the energy sector in the Katanga region is that of the company Kipay Investment.
It wants to produce 110 megawatts and supply both mines and households. Construction work on a solar power plant in Fungurume and a hydroelectric dam on the Lufira River will start next year.
Three other projects in Lubudi
In the province of Lualaba, still in the Katanga region, mining is booming, and the demand for electrical energy is growing despite the construction of the 240 Megawatt Busanga hydroelectric dam.
To do this, the company Tembo Power is developing three other projects and plans to produce 115 megawatts, but mining companies still have to wait about 3 years, explains Bertrand Rochecouste, its director.
“We have three cascading hydropower projects.
There is the one called Kawa of 17 Megawatts, Dikolongo of 17.5 Megawatts and Kambunji of 31.5 Megawatts and they are accompanied by another project, that of a 50 megawatt photovoltaic power plant.
For now, we are waiting for the Congolese government to sign the transfer contract.
It is a project of more than 280 million US dollars. We hope to start work in September 2023.
It will take a total of 42 months for the 115 megawatts to be commissioned”.
Rehabilitate existing power plants
In the DRC, the mining sector is not the only demand for electrical energy.
Industry and even households also have low access to electricity.
This is the case in Kisangani in the province of Tshopo in the northeast of the country.
For a need of 40 megawatts, the Tshopo hydroelectric power station, which is over 60 years old, only produces around 2.5 megawatts due to a breakdown and the obsolescence of the equipment.
A support project to improve electricity supply is underway, explains Hamed Ben Haj, director of the Congo Energy company.
”It is a project of a power plant that produces solar energy.
We also have the rehabilitation of the Tshopo 1 hydroelectric power station.
We are currently setting up the distribution network to serve both trade and industry in the province of Tshopo”.
By 2030, the DRC aims to increase the level of access of the population to electricity – from less than 10% to 30%.
*No mention of Manono or Piana Mwanga, but still bodes well for AVZ moving forward imo,
To remind,
Frank
Top 20
To Remind,Excellent drill results from ESS this morning guys..
Another lithium stock to look at if you haven’t, already has 10MT and very undervalued. ( Have been holding since 17c)
To the newer posters here, yes I’m totally cross promoting for your benefit, but the guys that were here from early days decided we are all interested to hear about other exploration company’s worth researching.
There is a seperate thread we were using for giving tips on company’s worth looking at.
FYI I think BNR is worth a very close look, considering it’s 12km from the AKE processing plant. (not holding yet)
$11mill cash, $46mill MC, quite a few pegs with high grade rock chip samples (best I have seen after AVZ’s samples)
Even if those guys only come up with 5Mt, it’s worth a lot to their neighbours as a plan B
Goldman Sachs rattled lithium stocks after the investment bank declared the battery metals bull market “over for now”.
To Today, where,
BYD jumps ahead of Tesla in battery metal push
China’s BYD Co. is once again the largest shipper of electric vehicles in the world’s top market after rivals including Tesla Inc. were disrupted by Shanghai’s lockdown.
The Warren Buffett-backed car producer is also working on plans to deliver a longer-term advantage over competitors, aiming to become more directly involved in the mining of lithium, the raw material that’s crucial for EV batteries.
In March, BYD agreed to invest up to 3 billion yuan ($449 million) in Chengxin Lithium Group Co., a supplier that has projects and interests in China’s Sichuan province and locations including Indonesia and Argentina.
A Chinese media report last week suggested the automaker is dramatically accelerating this strategy by striking a deal to buy six mines in Africa capable of producing enough lithium for more than 27 million EVs.
That could be sufficient to cover BYD’s lithium demand for the next 10 years, according to the report by The Paper, a Chinese digital newspaper.
BYD’s reported shopping spree in Africa indicates the carmaker expects “a prolonged lithium shortage”, according to a note from Daiwa Capital Markets.
Securing sufficient supplies of raw materials is likely to be “the biggest challenge for all automakers for most of this decade,” Seth Goldstein, a Chicago-based equity strategist at Morningstar Research Services, told me last week.
The best solution would be for carmakers to lock in more long-term agreements with the industry’s major producers like Albemarle Corp. and Ganfeng Lithium Co., which have the most ability to bring on new supply, Goldstein says.
“Investing in junior miners who have never produced lithium, or new technologies, is relatively more risky and could result in not being able to secure enough lithium,” he said.
www.mining.com/category/battery-metals/
Food for thought on the Road to Mining Manono
Frank
Similar threads
