AVZ Discussion 2022
- Thread starter GazDix
- Start date
JAG
Top 20
See mate, its all about the vibes bro.....
Frank
Top 20
Fyi, fwiw, as Felix takes Flight to promote the DRC in Dubai at the,
Dubai Expo 2020: President Félix Tshisekedi expected this Monday
President Félix Tshisekedi is on his way to Dubai where he will attend the DRC National Day at Expo Dubai 2020, this Tuesday, March 22, reports a dispatch from the Presidential Communication Unit received by the ACP on Monday.
According to the source, several activities are planned including the signing of trade agreements between the DRC and the United Arab Emirates.
This promotional fair, with its 192 countries represented, wanted to give everyone an opportunity to choose a theme and at the same time promote their socio-cultural potential during a reserved day.
At the DRC pavilion, in the “District Opportunity”, preparations for this international fair are nearing completion and the country is preparing to receive visitors and investors from all over the world.
Like the general theme "connecting minds, building the future", each participant had to choose a sub-theme.
"We make the heart of Africa beat", this is the theme chosen by the DRC, a country with multiple potentialities in the center of the continent in need of promotion on the international level.
The Dubai exhibition aims to be an indisputable showcase for the influence of Congolese culture and comes at the right time to introduce the world not only to the innovative and creative spirit of the Congolese people, but also to the full diversity of its cultural potential.
*The opportunities in the various fields of mining, agriculture and the environment will also be put forward, the DRC, considered moreover as a country that provides solutions to the climate problems of humanity.
To this end, President Felix Antoine Tshisekedi Tshilombo had instructed the government to carefully prepare the participation of the DRC in this universal exhibition in order to ensure its success in this context of competition where each country has released its best cards.
Several members of the government have preceded him in the Emirati capital.
Several musical groups are also announced to defend the rumba, recently inscribed by UNESCO on the representative list of the intangible cultural heritage of humanity.
Expo 2020 is a world's fair held in Dubai, United Arab Emirates from October 1, 2021 to March 31, 2022.
Expo 2020 is a World Expo, currently hosted by Dubai in the United Arab Emirates from 1 October 2021 to 31 March 2022. Originally scheduled for 20 October 2020 to 10 April 2021, it was postponed due to the COVID-19 pandemic.
Dubai Expo 2020: President Félix Tshisekedi expected this Monday
President Félix Tshisekedi is on his way to Dubai where he will attend the DRC National Day at Expo Dubai 2020, this Tuesday, March 22, reports a dispatch from the Presidential Communication Unit received by the ACP on Monday.
According to the source, several activities are planned including the signing of trade agreements between the DRC and the United Arab Emirates.
This promotional fair, with its 192 countries represented, wanted to give everyone an opportunity to choose a theme and at the same time promote their socio-cultural potential during a reserved day.
At the DRC pavilion, in the “District Opportunity”, preparations for this international fair are nearing completion and the country is preparing to receive visitors and investors from all over the world.
Like the general theme "connecting minds, building the future", each participant had to choose a sub-theme.
"We make the heart of Africa beat", this is the theme chosen by the DRC, a country with multiple potentialities in the center of the continent in need of promotion on the international level.
The Dubai exhibition aims to be an indisputable showcase for the influence of Congolese culture and comes at the right time to introduce the world not only to the innovative and creative spirit of the Congolese people, but also to the full diversity of its cultural potential.
*The opportunities in the various fields of mining, agriculture and the environment will also be put forward, the DRC, considered moreover as a country that provides solutions to the climate problems of humanity.
To this end, President Felix Antoine Tshisekedi Tshilombo had instructed the government to carefully prepare the participation of the DRC in this universal exhibition in order to ensure its success in this context of competition where each country has released its best cards.
Several members of the government have preceded him in the Emirati capital.
Several musical groups are also announced to defend the rumba, recently inscribed by UNESCO on the representative list of the intangible cultural heritage of humanity.
Expo 2020 is a world's fair held in Dubai, United Arab Emirates from October 1, 2021 to March 31, 2022.
Expo 2020 is a World Expo, currently hosted by Dubai in the United Arab Emirates from 1 October 2021 to 31 March 2022. Originally scheduled for 20 October 2020 to 10 April 2021, it was postponed due to the COVID-19 pandemic.
JAG
Top 20
Morning Perth Holders!Could today finally be $1 day?
Might go and find my cap......just in case
Flying home today so if the magic $1 is hit lets catch up for celebration drinks this week!
Those not in WA we can arrange facetime to be part of the fun
Scoota30
Regular
Frank, did you see king Julien's Twitter post last night! 58.5 Billion USD?
Attachments
Frank
Top 20
*Things are "Heating Up" Not just in the JV Department atm, as
Volkswagen unveils Asian ventures to secure nickel, cobalt
Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the world’s No. 1 car market, and to slash costs at a time of surging raw material prices.
The move is part of a 30 billion euro ($33 billion) push by the world’s second-largest carmaker to build a network of battery cell factories and secure more direct access to vital raw materials that are needed to supply them.
Volkswagen, Huayou Cobalt and Tsingshan have signed a memorandum of understanding for a joint venture in Indonesia, where more than 10% of the world’s laterite nickel ore reserves are located, to focus on nickel and cobalt raw material production.
At the final expansion stage of the venture, it will be able to supply raw materials for 160-gigawatt hours worth of electric vehicle batteries, Volkswagen China Group said in a statement.
This corresponds to an annual output of around 120,000 tonnes of nickel and 15,000 tonnes of cobalt, Huayou said in a separate filing to the Shanghai Stock Exchange.
Volkswagen’s second joint venture will be formed with Huayou in China’s southwestern Guangxi region for the refining of nickel and cobalt sulfates, precursor and cathode material production, it said.
“The cooperation aims to achieve significant cost advantages, secure the raw material supply and achieve a transparent and sustainable supply chain,” it said.
“The two partnerships contribute to the Group’s long term target of a 30-50% cost reduction on each battery.”
Global nickel prices have surged almost 400% this year due to the Ukraine crisis, as Russia is a major supplier and its invasion of Ukraine and the subsequent imposition of sanctions on Moscow by the West lit a fire under an already hot market.
Prices on the London Metal Exchange got a further boost on March 8 when they doubled to $100,000 per tonne in a matter of hours, after Tsingshan bought large amounts of nickel to reduce its short bets on the metal and its exposure to costly margin calls.
Prices have dropped sharply since then however after the LME was forced to halt trading for a period and reopened with new trading limits.
Privately owned Tsingshan has become the world’s top nickel producer thanks to its development of a low-cost process to make the metal.
*It already has major investments in Indonesia, including other joint ventures with Huayou.
Volkswagen’s move comes as rivals, from Tesla to BYD, are raising prices for EVs due to higher raw material costs, and follows Ford’s announcement last week spelling out plans for a nickel cell joint venture in Turkey.
On Saturday, the chief executive of Chinese EV manufacturer Li Auto, Li Xiang, said on his official Weibo account that battery makers had increased prices at a rate he called “outrageous” in the second quarter, and warned that those EV makers that had not raised prices yet would likely have to soon.
Asked to comment on Li’s remarks, Chinese battery maker CATL, which supplies major car makers including Tesla, told Reuters on Monday that it had raised prices for some battery products due to rising raw material costs.
Chinese electric carmaker calls battery price hikes ‘ridiculous’
Runaway raw material costs are fueling a “ridiculous” increase in the price of batteries for electric vehicles, according to Li Auto Inc. Chief Executive Officer Li Xiang, who took to social media in China over the weekend to offer a rare insight into EV makers’ pain.
“The cost of batteries in the second quarter rose by a very ridiculous amount,” Li said on his official Weibo account late Saturday.
Carmakers that haven’t raised prices yet are probably going to have to once their battery suppliers start charging more, he added.
While Li Auto, a Contemporary Amperex Technology Co. Ltd. customer, hasn’t made any price adjustments to its cars, the world’s biggest battery maker confirmed it has raised prices on some of its products, without specifying which ones.
“Due to the price surge of the upstream raw materials, we have made dynamic adjustments to the prices of some of our battery products accordingly,” a CATL spokesman said via text message Monday.
Li’s comments came after automakers in China from Tesla Inc. to BYD Co. increased the prices of their cars.
Xpeng Inc. also hiked costs last week, saying in a note to customers that it will increase the price of its EVs by between 10,100 yuan ($1,590) and 20,000 yuan.
Car manufacturers in China, the world’s biggest EV market, are trying to lure more customers just as government subsidies for cleaner vehicles fall away.
Combustion engine cars, still made by the likes of BYD and Geely Automobile Holdings Ltd., also facing higher running costs due to soaring oil prices.
CATL said in an earlier statement that the higher commodity costs were applying pressure on cell and automakers alike. It vowed to maintain “a reasonable level of profit.”
Smaller EV maker WM Motor Technology Co. also cited raw materials prices and supplier constraints for its increases of between 7,000 yuan to 26,000 yuan after subsidies, according to a Weibo post last week. Those hikes kick in from March 28.
WM Motor also get its batteries from CATL, among other suppliers, according to Bloomberg Intelligence.
China tells EV battery chain it wants ‘rational’ lithium prices
China is telling its electric-car battery supply chain that it wants lithium prices to return to sustainable levels.
The government called in a range of market participants last week — from lithium producers to the main carmakers’ association — to discuss “a rational return” for lithium prices, according to a statement from the Ministry of Industry and Information Technology late Friday.
Lithium has soared nearly 500% in the past year, adding to cost pressures for EV producers.
The seminar on March 16 and 17 was aimed at discussing surging costs and promoting what the ministry called the healthy development of the new-energy vehicle and battery sectors.
It also addressed supply bottlenecks, how lithium is priced, as well as measures to steady prices and secure supply.
The meeting underscores how Beijing is getting nervous about lithium’s prolonged surge, and it’s also in line with a broader push to manage soaring commodity prices.
Earlier, some manufacturers were also summoned for a meeting after prices of rare earths jumped.
Lithium has powered through records in China as an acceleration in demand from EV manufacturers outstrips supply.
The burgeoning EV industry is grappling with growing risks around cost inflation, with some carmakers starting to feel the pain and raising their own price tags.
Participants at last week’s gathering included officials from the China Nonferrous Metals Industry Association, China Association of Automobile Manufacturers, China Industry Technology Innovation Strategic Alliance for Electric Vehicles and other organizations, as well as key lithium suppliers, cathode companies and EV-battery firms.
www.mining.com/category/battery-metals/
TheCount
Regular
I'll make a public apology to you Jag as there won't be an AVZ Freedom Ale waiting for you upon your return home... I only got to the post today, and the tracking number is in your email...Morning Perth Holders!
Flying home today so if the magic $1 is hit lets catch up for celebration drinks this week!
Those not in WA we can arrange facetime to be part of the fun
View attachment 2915
Cheers,
TC.
JAG
Top 20
No apology needed Master Brewer! The longer it takes the better it will taste.
P.S I will post the "LAST ONE" tomorrow
pistolpete
Emerged
$1excuse the noob question but after what $ value does the decimal change? as in from half cent to 1c then 10c ?
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