AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
Luvly Piccie Solo, I hope they don't collide with the surfers on the way to Manono.
Smart thinking they put the unit on a deep loader, so them beaut green wheels don't get mud on them prior to delivery.
Retrobyte
Hates a beer
Check out their About page .....Nucleus Mining Logistics – Africa and Project Logistics
nucleusml.co.za
Attachments
Retrobyte
Hates a beer
The High Price Of Lithium Is Pushing A Global Scramble For The Precious Battery Metal: | Bomoi Abdulmajid
The High Price Of Lithium Is Pushing A Global Scramble For The Precious Battery Metal: Supply shortages have pushed battery-grade lithium prices to record highs as battery demand soared amid strong global electric vehicle (EV) sales. Lithium is a key metal in EV batteries and is widely used in...
The High Price Of Lithium Is Pushing A Global Scramble For The Precious Battery Metal:
Supply shortages have pushed battery-grade lithium prices to record highs as battery demand soared amid strong global electric vehicle (EV) sales.
Lithium is a key metal in EV batteries and is widely used in the form of lithium carbonate and lithium hydroxide, both raw materials for EV batteries.
The two main types of EV batteries are nickel-cobalt-manganese (NCM) and lithium iron phosphate (LFP).
Data from the London Metal Exchange and price reporting agency Fastmarkets , weekly lithium hydroxide (a minimum of 56.5% LiOH2O battery grade) cost, insurance and freight (CIF) prices jumped to $81.55 a kilogram ($81,550 a tonne) on 1 May, up 23.4% from $66.09 ($66,090 a tonne) on 8 March.
Being a relatively small metal market by trading volume, lithium does not have a futures market.
The LME partnered with Fastmarkets in June 2019 to launch a reference price based on the weekly physical spot trade index on a CIF China, Japan and Korea basis.
As China, Japan and Korea are the biggest markets for the seaborne lithium market, the lithium spot price in those regions is regarded as the industry benchmark for battery-grade lithium.
The rising cost of lithium carbonate has placed a financial strain on battery manufacturers who are seeking to secure supplies of the essential raw material.
Early transactions in 2022 indicate that prices may continue to rise, reflecting a chronic under investment in supply between 2018 and 2021.
Investors are keenly supporting the expansion of supply by providing funding for new lithium projects especially in Africa with huge new lithium projects like the AVZ Minerals Limited Manono Lithium Project taking off in earnest.
But the time lag to production may not immediately address the current tight supply in the market.
Learn more about the lithium rush in my article below and connect with me for more about Africa's contribution to the green energy revolution.
#energytransition #netzerocarbon #lithiumionbatteries #lithium #batterymetals #batterytechnology #electricvehicles #supplychain #miningindustry #mininginvestment #commodityprices #energycrisis #renewableenergy #china #africa #blog #saharaprospectors
axinocapital – das Portal für Minenaktien & mehr
axinocapital ist das Gateway zur Bergbauindustrie & Technologieunternehmen. Wir berichten direkt und transparent von australischen und kanadischen Wachstumsunternehmen aus den Bereichen Exploration, Development sowie Produktion.
www.axinocapital.de
Attachments
DiscoDanNZ
Regular
I saw that back when the article was released, not all hero's wear capes
Mr Inappropriate
Regular
Winenut
GO AVZ!!!!
Yep I've seen ol Jack hammer a few pretty hardI’ve been a bit of a rat bag at times on the Crapper so cleaning up my act a bit these days and thought a new profile name here would not hurt. I’ll probably put the baby to bed on the Crapper soon I think come the new FY.
Winenut
GO AVZ!!!!
I think it's sad to mock the afflicted, particularly as I'm permanently banned from the crapper.
You can all feel free to point out that CRR is down 50% since I warned her in January.
Just a pity I can't short her picks, it would make life easier.
cruiser51
Top 20
Someone in the DRC not happy with the Chinois...
A shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo (DRC), after state miner Gecamines SA threatened to block exports or even take the mine away from its partner, China Molybdenum Co (CMOC, 洛陽欒川鉬業).
Gecamines, which owns 20 percent of the Tenke Fungurume mine’s holding company, accused CMOC of manipulating the project’s finances and said it owes as much as US$5 billion in payments.
The disagreement has extended to who is actually running the mine: A Congolese court appointed a temporary administrator to manage the holding company, while the shareholders sort out their differences, but CMOC said nothing has changed.
The administrator, Sage Ngoie Mbayo, said he now controls the company’s bank accounts, but was last week blocked from entering the mine site by Congolese soldiers.
Things were set to come to a head on Thursday at the first meeting between the shareholders and Ngoie at Tenke Fungurume Mining SA’s (TFM) offices in the Congolese mining hub of Lubumbashi, but while Gecamines’ top two executives were there, CMOC representatives did not attend.
Gecamines chief executive officer Bester-Hilaire Ntambwe Ngoy Kabongo and his deputy, Leon Mwine Kabiena, said they are prepared to take more drastic action, including effectively revoking CMOC’s ownership of the project by dissolving the partnership.
“If it continues like this, we are going to ask for the dissolution,” the CEO said.
The two executives became increasingly agitated during the meeting, which lasted two hours in a boardroom surrounded by otherwise-empty company offices, while armed guards stood outside.
“What CMOC is doing now is stealing, it’s cheating, it’s covering-up,” Mwine said, adding that they were “liars,” “pillagers,” “bandits” and “criminals.”
CMOC did not immediately answer questions on the meeting or Gecamines’ statements.
The company previously said the mine is operating as usual without any change in management, and production is beating targets.
In its annual report last year, CMOC said communication with Gecamines was “complex and dynamic,” and it planned to engage an independent third party to verify disagreements over reserve estimates “and resolve the differences through fair and impartial negotiation.”
Any disruption to operations or exports from Tenke Fungurume could send ripples through global metals markets. The DRC is one of the world’s top producers of copper and by far the largest supplier of the key battery mineral cobalt.
Tenke Fungurume alone accounts for about 14 percent of world cobalt production, according to calculations by Bloomberg using figures from Darton Commodities, and the ore body is expected to last for decades.
CMOC Group Limited (“CMOC” or China Molybdenum) was created in 1969 and after mixed ownership reforms in 2004 and 2014, has become a private holding company with state-owned capital participation.
Looks like the DRC is having fun with another Chinese company, which believes the DRC is really Chinese.
Sun, Jun 19, 2022 page10
DRC miner may take huge cobalt project from CMOC
BloombergA shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo (DRC), after state miner Gecamines SA threatened to block exports or even take the mine away from its partner, China Molybdenum Co (CMOC, 洛陽欒川鉬業).
Gecamines, which owns 20 percent of the Tenke Fungurume mine’s holding company, accused CMOC of manipulating the project’s finances and said it owes as much as US$5 billion in payments.
The disagreement has extended to who is actually running the mine: A Congolese court appointed a temporary administrator to manage the holding company, while the shareholders sort out their differences, but CMOC said nothing has changed.
The administrator, Sage Ngoie Mbayo, said he now controls the company’s bank accounts, but was last week blocked from entering the mine site by Congolese soldiers.
Things were set to come to a head on Thursday at the first meeting between the shareholders and Ngoie at Tenke Fungurume Mining SA’s (TFM) offices in the Congolese mining hub of Lubumbashi, but while Gecamines’ top two executives were there, CMOC representatives did not attend.
Gecamines chief executive officer Bester-Hilaire Ntambwe Ngoy Kabongo and his deputy, Leon Mwine Kabiena, said they are prepared to take more drastic action, including effectively revoking CMOC’s ownership of the project by dissolving the partnership.
“If it continues like this, we are going to ask for the dissolution,” the CEO said.
The two executives became increasingly agitated during the meeting, which lasted two hours in a boardroom surrounded by otherwise-empty company offices, while armed guards stood outside.
“What CMOC is doing now is stealing, it’s cheating, it’s covering-up,” Mwine said, adding that they were “liars,” “pillagers,” “bandits” and “criminals.”
CMOC did not immediately answer questions on the meeting or Gecamines’ statements.
The company previously said the mine is operating as usual without any change in management, and production is beating targets.
In its annual report last year, CMOC said communication with Gecamines was “complex and dynamic,” and it planned to engage an independent third party to verify disagreements over reserve estimates “and resolve the differences through fair and impartial negotiation.”
Any disruption to operations or exports from Tenke Fungurume could send ripples through global metals markets. The DRC is one of the world’s top producers of copper and by far the largest supplier of the key battery mineral cobalt.
Tenke Fungurume alone accounts for about 14 percent of world cobalt production, according to calculations by Bloomberg using figures from Darton Commodities, and the ore body is expected to last for decades.
CMOC Group Limited (“CMOC” or China Molybdenum) was created in 1969 and after mixed ownership reforms in 2004 and 2014, has become a private holding company with state-owned capital participation.
Looks like the DRC is having fun with another Chinese company, which believes the DRC is really Chinese.
Last edited:
cruiser51
Top 20
Africa: China Looks to Africa in Race for Lithium
4 JUNE 2022
By Kate Bartlett
Johannesburg, South Africa — It is the new gold rush, and China is leading the hunt as prices surge. Only it's not gold everyone's looking for, it's lithium. Many say the future of electric vehicle production and, more broadly, combatting climate change, depend on the rare metal.
Prices for the "green metal" have seen an almost 500% increase in the past year, according to Bloomberg.
Sung Choi, a metals analyst at BloombergNEF, told VOA, "The cost of lithium has risen because virtually all automakers have jumped onto producing electric vehicles."
Electric car tsar and Tesla CEO Elon Musk tweeted that the "insane" costs meant "Tesla might actually have to get into the mining & refining directly at scale."
That is exactly what China has been doing, and its companies are looking to make sure they don't run out of the metal needed to make lithium-ion batteries - which China, which has the largest EV market in the world, produces 80% of globally.
While more than half of global lithium resources are in South America and Australia, China is scouring the world for new sources of the metal, including in the Qinghai-Tibetan plateau and elsewhere, but increasingly in Africa.
"Africa has recently been in the spotlight with its ample resources in metals," Choi said.
Shenzen-headquartered Chinese conglomerate BYD is in talks to buy six new lithium mines in unspecified African countries, Reuters reported, citing Shanghai government supported publication The Paper. Repeated emails to the company from VOA requesting details of the deals went unanswered.
In the Democratic Republic of Congo, Chinese mining giant Zijin is in a legal battle with Australia's AVZ minerals over control of the Manono mine - possibly the world's biggest lithium deposit -- in the resource-rich country's east.
In Zimbabwe, too, home to large untapped deposits of the resource, China is buying up mines. In a major deal, Zhejiang Huayou Cobalt is investing $300 million in its recently purchased Arcadia Lithium mine outside Harare, according to Reuters. The money will be used to construct a plant with a processing capacity of 400,000 metric tons of lithium concentrate a year.
Shenzhen Chengxin Lithium Group and Sinomine Resource Group are just two of the other companies that have invested in lithium in Zimbabwe in the past year.
The Zimbabwean government has welcomed the investment. Spokeswoman Monica Mutsvangwa told VOA via WhatsApp that the economically unstable country, which is under Western sanctions, plans to rebrand itself as a major player in "the blooming lithium sector."
"We aim to fill the vacuum being created by the displacement of fossil fuel engines by electric batteries," she said.
In an apparent reference to the West, she added in an email to VOA, "The battery storage industry of the ushering New Electric Vehicle Era has shunted you by the wayside ... Triple digit figures in the mergers and acquisition of Arcadia Lithium, Buhera Lithium deposits and Bikita Minerals have shunted you aside."
Joe Lowry, founder of advisory firm Global Lithium, told VOA that Western lithium producers had been taken by surprise regarding the growth of the EV industry and therefore the rush for lithium.
"Lithium has been a tiny niche market for 7 decades. The global market for lithium chemicals didn't reach a billion dollars until 2015. The industry was not prepared for electrification of transportation," he said by email.
"You can build a huge battery factory like Tesla does in a couple years. It takes up to ten years to bring a fully integrated lithium chemicals project online," he said.
Meanwhile, "Chinese producers invested ahead of the curve in resources outside China ... (and) are looking at Africa," Lowry said.
The U.S., too, knows the importance of Africa. General Stephen Townsend, AFRICOM commander, told the House Appropriations Committee in April, "Africa possesses vast untapped energy deposits ... (needed to) transition to clean energy, including mobile phones, jet engines, electric hybrid vehicles and missile guidance systems."
"The winners and losers of the 21st century global economy may be determined by whether these resources are available in an open and transparent marketplace or are inaccessible due to predatory practices of competitors," he added.
And while some of the key components for EVs come from Africa, the market for the finished product - made overseas - is still minuscule on the continent. The mines provide jobs, but critics say locals don't see enough trickle-down from the multimillion-dollar projects.
Last year, Congolese President Félix Tshisekedi said that people living in areas with mines were "still languishing in misery," while foreign multinationals prospered. He has launched a review of his predecessor's "minerals-for-infrastructure" contracts with Chinese mining companies.
Remark
Top 20
The Chinese are getting a little nervous maybe?
DiscoDanNZ
Regular
Bragging that they've paid 1.3B when I would safely guess guess it was supposed to be at least double and they skimmed it
1.3B paid but zero of the promised infrastructure on top of it
1.3B paid but zero of the promised infrastructure on top of it
marksmann007
Regular
I too would like to hear more about the other 15% BS claim.
Unlike the Zijin BS claim, I can’t see how we can trade until that has been officially put to bed, once ML gets issued I’d expect it to be once again officially confirmed that 15% we legally bought is ours.
Samus
Top 20
Agree mate, that whole side if this ordeal is bullshit and more of a concern in the overall scheme of things.
Similar threads
