AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
Lithium supplies getting tight, says S&P Global Platts
The world's supply of lithium, used for lithium-ion batteries, will fall short by 2030, according to an analysis by commodities and energy-related materials market tracker S&P Global Platts Monday.
Global demand for lithium will increase from 500,000 tons in 2021 to 2 million tons in 2030 as global carmakers produce more electric vehicles, the report said.
It forecast that sales of EV's will reach 9 million units this year, 40 percent more than last year.
That figure will jump to 27 million units in 2030.
Imbalances in supply and demand have pushed up the price of lithium carbonate by 511 percent during the past year from $9,000 per ton in Feb. 2020 to $55,000 per ton this year as of Feb. 9.
Prices for lithium hydroxide, another type of lithium, have risen by 380 percent during the same period.
Monday
February 14, 2022
Interesting reading re China's ability to operate in Africa.
finance-yahoo-com.cdn.ampproject.org
The China lithium question: a clash of the West's corporate and strategic interests
The deal went through swiftly - and almost immediately prompted calls for a national security review. Just three months after Chinese-state-owned Zijin Mining Group announced its US$960 million plans to buy Canadian miner Neo Lithium, the proposal was signed, screened and delivered. At a...
Frank
Top 20
KIA EV6 GT 430 kW (575 HP) for ~AUD$100,000, bit of a change from the old sportage.
www.marketwatch.com/story/doubling-of-ev-commercials-during-super-bowl-led-to-huge-jump-in-searches-for-this-particular-suv-hint-even-electric-puppies-sell-11644868811?mod=home-page
Frank
Top 20
The sale of electric cars doubled in 2021 to reach 6.6 million sold against 3 million in 2020 (IEA)
Data from the International Energy Agency released at the end of January 2022 indicated that automakers sold 6.6 million electric cars in 2021 compared to 3 million the previous year, double the sale of the latter.
The uptrend is set to continue into 2022 and beyond as one auto industry giant after another announces multi-year plans to go all-electric.This reflects the start of the electric vehicle boom announced several years ago.
Also, a business opportunity in the Democratic Republic of Congo (DRC) because of its potential in mining resources, particularly Cobalt.
This mineral is used in the production of electric vehicles to make the batteries for these vehicles.
Note that the Cobalt market has continued to waver.
In 2018, the ton of this ore had climbed to 95,500 USD to drop drastically in 2019, a difficult year for this market, at a price of 30,000 USD per ton.
In 2021, prices started to rise again, doubling in one year to reach around USD 70,000 per tonne.
The improvement observed represents good news for the DRC, world leader in the production of Cobalt (70% of the world supply) and holding in its basement the largest known reserves of this strategic metal.
( Ahh, Don't forget the TIN or that 400Mil+ Tons of you know what just sitting there in Manono waiting for a ML atm )
*To Remind,
*To Remind,
Battery metals are critical over the next decade, Roskill says
The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries.
According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030.
Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade.
Lithium
Global demand for lithium carbonate — one of two primary forms of lithium used in EVs — is expected to exceed one million tonnes of lithium carbonate equivalent (LCE) in 2026, according to David Merriman, an expert on EV and battery materials at Roskill.
“To meet this increasing demand for lithium products, which is more than double that expected this year, we would need to see not just an expansion in output from existing producers but also new producers looking to commission new capacity,” he said in an interview.
“This will require significant new investment in the industry.”
Food for thought
Frank
p.s - HotCrapper is for Trolls
Frank
Top 20
It does, not something I wanted to spread around HC but maybe a more tight knit bunch can forgive me if it turns out I'm full of shit.
As I said rumour only but we should know by mid next week if there is any truth to it. Had to tell someone
Exactly mate, the guy never seems to learn when to keep quiet.
Whoever is on the ground there doesn't seem to be passing on reliable information and hasn't for years.
People can defend management all they like but their communication to the market needs a bit of work and the cap raising efforts have been pretty poor.
Sure we seem to be getting there but we're in a disappointing position as compared to what they've said in regards to the mining licence, collaboration agreement and a lot of things previously.
To say otherwise is rubbish. No need to worship the ground they walk on despite it all, hopefully they'll get us there in the end but it's been pretty testing at times.
*As i refuse to use / reply on that other Crap site atm, I thought why not here instead Sam
One thing that gets up my nose from those running ASX Companies is the constant "Carrot Dangling"
Been there, done that, seen / experienced too much of it in the past, gives me the Shits tbo
Now all i see from Nigel is more of the same it seems
It can't be far away, but Fark me, you'd think it Would'a - Coulda' - Shoulda' by now according to the Chief Carrot Dangler
Anyway, check out the similarities between this Gecamines / Ivanhoe Mine Deal in the DRC and AVZ / Manono history
BTW, the Video is well worth a look and inspiring to watch as well, as it shows what's possible in the DRC with great management imo
Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Alphonse Kaputo Kalubi (Chairman) and Bester-Hilaire Ntambwe Ngoy Kabongo (CEO) of Gécamines, DRC’s state-owned mining company, are pleased to announce that Kipushi Holding, an Ivanhoe Mines wholly-owned subsidiary, and Gécamines have signed a new agreement to return the ultra-high-grade Kipushi Mine back to commercial production.
Kipushi will be the world’s highest-grade major zinc mine, with average grade of 36.4% zinc over the first five years of production.
Watch a new video showcasing Kipushi’s planned transformation into the world’s highest-grade major zinc mine: https://vimeo.com/676846621/282541f745
The new agreement sets out the commercial terms that will form the basis of a new Kipushi joint-venture agreement establishing a robust framework for the mutually beneficial operation of the Kipushi Mine for years to come, and is subject to execution of definitive documentation.
Alphonse Kaputo Kalubi commented: “We recently have witnessed Ivanhoe’s outstanding achievements in transforming the Kamoa-Kakula joint venture into a state-of-the-art copper producer applying the highest standards, now a benchmark on the Congolese Copperbelt. Ivanhoe and Gécamines also have now redefined the Kipushi Project in an equitable manner, aligned with the expectations of the Mining Code and those of Gécamines’ sole shareholder, the Congolese State.
“We are convinced that Kipushi’s new partnership around the Big Zinc will be a benchmark for a successful combination of expertise, resources, a unique asset and a shared desire to create value for stakeholders, the State, shareholders and neighbouring communities.
Kipushi, like Kamoa-Kakula, brings new standards, employment opportunities, better health and education infrastructure, and the conditions for the emergence of a dynamic socio-economic fabric around Kipushi. Gécamines, which has operated this mine for a long time, aims, by consolidating its partnership with Ivanhoe, to optimize its contribution to the DRC’s mining sector.”
Bester-Hilaire Ntambwe Ngoy Kabongo added: “We are excited to move our longstanding partnership with Ivanhoe Mines into a new phase that will deliver significant long-term benefits to all parties.
Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.
We are confident in Ivanhoe Mines’ technical and financial capabilities to operate the Big Zinc and trust that we can jointly develop the project in a sustainable, responsible and value adding manner for its stakeholders, such as neighbouring communities.
Gécamines sees in it the opportunity for an improved exploitation of the Big Zinc, the development of an integrated economic fabric and the imbedding of skills in the Haut-Katanga province.”
“The new agreement with Gécamines is a testament to the great perseverance, ingenuity and patience of Ivanhoe’s team, working alongside our partners in the Democratic Republic of Congo,” Mr. Friedland said. “On behalf of Ivanhoe Mines’ Board, I would like to thank our team, led by our President Marna Cloete, who have helped us arrive at this historic day.
“The outstanding performance by the Kamoa Copper team in delivering the first phases of the Kamoa-Kakula Mine, ahead of schedule and on budget, undoubtedly helped expedite the new agreement, as it showcases our strong development capabilities and industry-leading community initiatives to our partner Gécamines and the Congolese government.
“The new agreement now allows us to responsibly, efficiently and expeditiously develop Kipushi into an ultra-high-grade zinc producer, with outstanding potential to find more zinc, copper, germanium and silver resources – paving the way to fulfilling its promise of significant, long-lasting, economic and social benefits for the Congolese people.
The Kipushi copper-zinc-germanium-silver mine in the DRC Copperbelt is adjacent to the town of Kipushi and approximately 30 kilometres southwest of Lubumbashi. It is located less than one kilometre from the Zambian border.
Kipushi has a long and storied history as a major producer of copper and zinc. Built and then operated by Union Minière for 42 years, Kipushi began mining a reported 18% copper deposit from a surface open pit in 1924. It was the world’s richest copper mine at the time.
The Kipushi Mine then transitioned to become Africa’s richest underground copper, zinc and germanium mine. State-owned Gécamines gained control of Kipushi in 1967 and operated the mine until 1993, when it was placed on care and maintenance due to a combination of economic and political factors.
Over a span of 69 years, Kipushi produced a total of 6.6 million tonnes of zinc and 4.0 million tonnes of copper from 60 million tonnes of ore grading 11% zinc and approximately 7% copper. It also produced 278 tonnes of germanium and 12,673 tonnes of lead between 1956 and 1978.
There is no formal record of the production of precious metals as the concentrate was shipped to Belgium and the recovery of precious metals remained undisclosed during the colonial era; however, drilling by Ivanhoe Mines has encountered significant silver values within Kipushi’s current zinc- and copper-rich deposits.
Germanium is a strategic metal used today in electronic devices, flat-panel display screens, light-emitting diodes, night vision devices, optical fiber, optical lens systems, and solar power arrays.
Most of Kipushi’s historical production was from the Fault Zone, a steeply-dipping ore body rich in copper and zinc that initially was mined as an open pit. The Fault Zone extends to a depth of at least 1,800 metres below surface, along the intersection of a fault in carbonaceous dolomites (see Figure 3).
Before Kipushi was idled, Gécamines discovered the Big Zinc deposit at a depth of approximately 1,250 metres below surface and adjacent to the producing Fault Zone (see Figure 3). The Big Zinc Deposit has not been mined and is the initial target for production as outlined in the new feasibility study.
Since acquiring its interest in the Kipushi Mine in 2011, Ivanhoe’s drilling campaigns have upgraded and expanded the mine’s zinc-rich Measured and Indicated Mineral Resources to an estimated 11.78 million tonnes grading 35.34% zinc, 0.80% copper, 23 grams/tonne (g/t) silver and 64 g/t germanium, at a 7% zinc cut-off, containing 9.2 billion pounds of zinc, 8.7 million ounces of silver and 24.4 million ounces of germanium (see Table 1).
In addition, Ivanhoe’s drilling expanded Kipushi’s copper-rich Measured and Indicated Mineral Resources to an additional 2.29 million tonnes at grades of 4.03% copper, 2.85% zinc, 21 g/t silver and 19 g/t germanium, at a 1.5% copper cut-off – containing 144 million pounds of copper (see Table 1).
In 1924, Kipushi began mining 18% copper from a surface open pit, before transitioning to Africa’s richest underground copper and zinc mine. This picture shows the Kipushi open pit in November 1928.
Picture of the headframes for Kipushi shafts 1, 2 and 3, and the Kipushi concentrator in February 1966.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
February 14, 2022
Samus
Top 20
Fair enough Frank, feeling a bit the same and hoping this site turns out better. Just some things I can't let it go.Exactly mate, the guy never seems to learn when to keep quiet.
Whoever is on the ground there doesn't seem to be passing on reliable information and hasn't for years.
People can defend management all they like but their communication to the market needs a bit of work and the cap raising efforts have been pretty poor.
Sure we seem to be getting there but we're in a disappointing position as compared to what they've said in regards to the mining licence, collaboration agreement and a lot of things previously.
To say otherwise is rubbish. No need to worship the ground they walk on despite it all, hopefully they'll get us there in the end but it's been pretty testing at times.
*As i refuse to use / reply on that other Crap site atm, I thought why not here instead Sam
One thing that gets up my nose from those running ASX Companies is the constant "Carrot Dangling"
Been there, done that, seen / experienced too much of it in the past, gives me the Shits tbo
Now all i see from Nigel is more of the same it seems
It can't be far away, but Fark me, you'd think it Would'a - Coulda' - Shoulda' by now according to the Chief Carrot Dangler
Anyway, check out the similarities between this Gecamines / Ivanhoe Mine Deal in the DRC and AVZ / Manono history
BTW, the Video is well worth a look and inspiring to watch as well, as it shows what's possible in the DRC with great management imo
Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Alphonse Kaputo Kalubi (Chairman) and Bester-Hilaire Ntambwe Ngoy Kabongo (CEO) of Gécamines, DRC’s state-owned mining company, are pleased to announce that Kipushi Holding, an Ivanhoe Mines wholly-owned subsidiary, and Gécamines have signed a new agreement to return the ultra-high-grade Kipushi Mine back to commercial production.
Kipushi will be the world’s highest-grade major zinc mine, with average grade of 36.4% zinc over the first five years of production.
Watch a new video showcasing Kipushi’s planned transformation into the world’s highest-grade major zinc mine: https://vimeo.com/676846621/282541f745
The new agreement sets out the commercial terms that will form the basis of a new Kipushi joint-venture agreement establishing a robust framework for the mutually beneficial operation of the Kipushi Mine for years to come, and is subject to execution of definitive documentation.
Alphonse Kaputo Kalubi commented: “We recently have witnessed Ivanhoe’s outstanding achievements in transforming the Kamoa-Kakula joint venture into a state-of-the-art copper producer applying the highest standards, now a benchmark on the Congolese Copperbelt. Ivanhoe and Gécamines also have now redefined the Kipushi Project in an equitable manner, aligned with the expectations of the Mining Code and those of Gécamines’ sole shareholder, the Congolese State.
“We are convinced that Kipushi’s new partnership around the Big Zinc will be a benchmark for a successful combination of expertise, resources, a unique asset and a shared desire to create value for stakeholders, the State, shareholders and neighbouring communities.
Kipushi, like Kamoa-Kakula, brings new standards, employment opportunities, better health and education infrastructure, and the conditions for the emergence of a dynamic socio-economic fabric around Kipushi. Gécamines, which has operated this mine for a long time, aims, by consolidating its partnership with Ivanhoe, to optimize its contribution to the DRC’s mining sector.”
Bester-Hilaire Ntambwe Ngoy Kabongo added: “We are excited to move our longstanding partnership with Ivanhoe Mines into a new phase that will deliver significant long-term benefits to all parties.
Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.
We are confident in Ivanhoe Mines’ technical and financial capabilities to operate the Big Zinc and trust that we can jointly develop the project in a sustainable, responsible and value adding manner for its stakeholders, such as neighbouring communities.
Gécamines sees in it the opportunity for an improved exploitation of the Big Zinc, the development of an integrated economic fabric and the imbedding of skills in the Haut-Katanga province.”
“The new agreement with Gécamines is a testament to the great perseverance, ingenuity and patience of Ivanhoe’s team, working alongside our partners in the Democratic Republic of Congo,” Mr. Friedland said. “On behalf of Ivanhoe Mines’ Board, I would like to thank our team, led by our President Marna Cloete, who have helped us arrive at this historic day.
“The outstanding performance by the Kamoa Copper team in delivering the first phases of the Kamoa-Kakula Mine, ahead of schedule and on budget, undoubtedly helped expedite the new agreement, as it showcases our strong development capabilities and industry-leading community initiatives to our partner Gécamines and the Congolese government.
“The new agreement now allows us to responsibly, efficiently and expeditiously develop Kipushi into an ultra-high-grade zinc producer, with outstanding potential to find more zinc, copper, germanium and silver resources – paving the way to fulfilling its promise of significant, long-lasting, economic and social benefits for the Congolese people.
The Kipushi copper-zinc-germanium-silver mine in the DRC Copperbelt is adjacent to the town of Kipushi and approximately 30 kilometres southwest of Lubumbashi. It is located less than one kilometre from the Zambian border.
Kipushi has a long and storied history as a major producer of copper and zinc. Built and then operated by Union Minière for 42 years, Kipushi began mining a reported 18% copper deposit from a surface open pit in 1924. It was the world’s richest copper mine at the time.
The Kipushi Mine then transitioned to become Africa’s richest underground copper, zinc and germanium mine. State-owned Gécamines gained control of Kipushi in 1967 and operated the mine until 1993, when it was placed on care and maintenance due to a combination of economic and political factors.
Over a span of 69 years, Kipushi produced a total of 6.6 million tonnes of zinc and 4.0 million tonnes of copper from 60 million tonnes of ore grading 11% zinc and approximately 7% copper. It also produced 278 tonnes of germanium and 12,673 tonnes of lead between 1956 and 1978.
There is no formal record of the production of precious metals as the concentrate was shipped to Belgium and the recovery of precious metals remained undisclosed during the colonial era; however, drilling by Ivanhoe Mines has encountered significant silver values within Kipushi’s current zinc- and copper-rich deposits.
Germanium is a strategic metal used today in electronic devices, flat-panel display screens, light-emitting diodes, night vision devices, optical fiber, optical lens systems, and solar power arrays.
Most of Kipushi’s historical production was from the Fault Zone, a steeply-dipping ore body rich in copper and zinc that initially was mined as an open pit. The Fault Zone extends to a depth of at least 1,800 metres below surface, along the intersection of a fault in carbonaceous dolomites (see Figure 3).
Before Kipushi was idled, Gécamines discovered the Big Zinc deposit at a depth of approximately 1,250 metres below surface and adjacent to the producing Fault Zone (see Figure 3). The Big Zinc Deposit has not been mined and is the initial target for production as outlined in the new feasibility study.
Since acquiring its interest in the Kipushi Mine in 2011, Ivanhoe’s drilling campaigns have upgraded and expanded the mine’s zinc-rich Measured and Indicated Mineral Resources to an estimated 11.78 million tonnes grading 35.34% zinc, 0.80% copper, 23 grams/tonne (g/t) silver and 64 g/t germanium, at a 7% zinc cut-off, containing 9.2 billion pounds of zinc, 8.7 million ounces of silver and 24.4 million ounces of germanium (see Table 1).
In addition, Ivanhoe’s drilling expanded Kipushi’s copper-rich Measured and Indicated Mineral Resources to an additional 2.29 million tonnes at grades of 4.03% copper, 2.85% zinc, 21 g/t silver and 19 g/t germanium, at a 1.5% copper cut-off – containing 144 million pounds of copper (see Table 1).
In 1924, Kipushi began mining 18% copper from a surface open pit, before transitioning to Africa’s richest underground copper and zinc mine. This picture shows the Kipushi open pit in November 1928.
View attachment 1038
Picture of the headframes for Kipushi shafts 1, 2 and 3, and the Kipushi concentrator in February 1966.
View attachment 1037
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
February 14, 2022
"One thing that gets up my nose from those running ASX Companies is the constant "Carrot Dangling"
Been there, done that, seen / experienced too much of it in the past, gives me the Shits tbo
Now all i see from Nigel is more of the same it seems
It can't be far away, but Fark me, you'd think it Would'a - Coulda' - Shoulda' by now according to the Chief Carrot Dangler
"I'm a relatively new asx investor tbh but over the past couple of years I haven't encountered this problem other than with AVZ out of the dozen or so stocks I've been in and out of and the few that I have kept for long term.
I don't really care how widespread or common it is, to me I just interpret it as a sign of weak management. Especially with a deposit as remarkable as what we have got here. There just shouldn't be the need for these carrot on a stick tactics.
People argue that it is only the share price that matters but I'd be a lot more comfortable with any long term investment if I felt like I could trust what the management was telling me whether it was good, bad or neutral.
It just isn't a good feeling to have to read between the lines of the constant bullshit.
The only conclusion one can come to is either of incompetence or dishonesty which is not good when risking your hard earned and particularly with a more risky investment.
I'm sure there is a good element of playing the market in there but I'd put that in the dishonesty camp as well and not strictly necessary if you're running a good solid operation.
It often smacks of mates rates cap raising and various underlying manipulation which goes against the best interests of regular shareholders.
Maybe I'm wrong but these types of feelings are the result of exactly what we're talking about.
Either way stop the bullshit or get a clue and we'll all be better off. imo.
Frank
Top 20
I'm a relatively new ASX investor tbh but over the past couple of years I haven't encountered this problem other than with AVZ out of the dozen or so stocks.
Mate, Hang around long enough like me and a few of my mates who invested in LNG / AJX / OBJ / WFL to name a few of the worst Carrot Dangling shifty Company Directors you'll ever have the misfortune to come across at the ASX Casino
Anyway, In other News, It's Never a Dull Day in the DRC, as
The EU promises Africa more than 150 billion euros in investments
The President of the European Commission Ursula von der Leyen announced Thursday in Dakar that Europe intends to mobilize more than 150 billion euros of investment in Africa in the coming years.
"Today, I am proud to announce more than 150 billion euros by the Africa-Europe program; it is the very first regional plan under Global Gateway", she told the press, in reference to the European initiative launched in December and aimed at mobilizing up to 300 billion euros of public and private funds by 2027 in infrastructure projects around the world.
Ms von der Leyen did not provide further details.
Global Gateway must synergize the resources of the EU, Member States, European financial institutions, national development agencies and the private sector for strategic infrastructure projects and in the fields of industry, health, youth or education.
"For all this, we of course need the private sector, its expertise and its strong investment, we also need political voluntarism at the highest level", declared Ms. von der Leyen alongside Senegalese President Macky Sall.
Global Gateway is seen as a response to the "New Silk Roads" traced by China. In Africa too, China is rapidly expanding its economic and political presence.
Ms von der Leyen's visit comes a few days before the European Union-African Union summit on 17 and 18 February in Brussels.
The Senegalese head of state recently assumed the presidency of the African Union.
"Investments will be at the heart of the discussions" of this summit, underlined Ms. von der Leyen. "In this field, Europe is the most reliable partner for Africa and by far the most important", she added.
Ms. von der Leyen reiterated that Global Gateway was anchored in "the values to which Europe and Africa are attached, such as transparency, sustainability, good governance and concern for the well-being of populations".
Chinese or Russian competitors of Europeans in Africa are commonly accused of being less demanding when it comes to protecting the environment or human rights.
Ms. von der Leyen had indicated in an interview with AFP before her trip that foreign investment in Africa "too often had hidden costs, financial, political, environmental and social costs, sometimes very heavy".
She had deplored the links of "dependence" that they could establish, a possible allusion to the debt contracted with Chinese donors.
The Senegalese president said he expected from the EU-AU summit "a renewed, modernized and more action-oriented partnership".
"Europe and Africa have an interest in working together", because of their proximity and the repercussions on security, and the opportunities offered to Europe by Africa, "with its human and natural resources and its needs development," he said.
He expressed his "attachment to the fight against global warming, but also our plea for the maintenance of gas financing to support the industrialization of Africa and universal access to electricity, since more than 600 million Africans are still without electricity".
Senegal, a poor country, places a lot of hope in the future exploitation of the gas and oil fields discovered in the Atlantic. It plans to produce its first barrels at the end of 2023 or in 2024.
The Senegalese president is alarmed by the commitment announced in 2021 during the COP26 climate conference by some twenty states, including the United States and France.
They plan to end by the end of 2022 the foreign financing of fossil energy projects without carbon capture techniques.
*While In other News,
EU-AU Summit: "We need a new partnership between Africa and Europe"
“The African continent must benefit from significant investments and large-scale political support to face global challenges, such as climate change, the health crisis, but also social issues such as poverty and the migration crisis,” said indicated Tuesday the former Congolese Prime Minister, Adolphe Muzito during a press conference in Brussels.
The summit between the African Union and the European Union will be held Thursday and Friday in the European capital.
Investments are not an objective in themselves, but they are necessary if we want to achieve transformation and social progress in African countries, explained the Congolese leader of the New Elan party.
In particular, he explained that political support was essential to ensure the stability of African governments.
"Possible investors need a guarantee of stability," said the Congolese politician to the press.
The Congolese MP also explained that Africa must be ready to face a war for natural resources on its soil between Asia and the West.
"We hope that this summit will lead to positive social results for the African population. This is an opportunity for both continents," he said.
"The second hypothesis is that of failure, if the West remains in the same logic of capitalism by coming only to exploit the resources of Africa", concluded Mr. Muzito.
The President of the European Commission Ursula Von der Leyen mentioned last Thursday, at a press conference alongside Senegalese President Macky Sall, an "Africa-Europe program" providing for "more than 150 billion euros in investments" on the African continent.
The program will be discussed at the EU-Africa summit.
Food for thought
Frank
Mate, Hang around long enough like me and a few of my mates who invested in LNG / AJX / OBJ / WFL to name a few of the worst Carrot Dangling shifty Company Directors you'll ever have the misfortune to come across at the ASX Casino
Anyway, In other News, It's Never a Dull Day in the DRC, as
The EU promises Africa more than 150 billion euros in investments
The President of the European Commission Ursula von der Leyen announced Thursday in Dakar that Europe intends to mobilize more than 150 billion euros of investment in Africa in the coming years.
"Today, I am proud to announce more than 150 billion euros by the Africa-Europe program; it is the very first regional plan under Global Gateway", she told the press, in reference to the European initiative launched in December and aimed at mobilizing up to 300 billion euros of public and private funds by 2027 in infrastructure projects around the world.
Ms von der Leyen did not provide further details.
Global Gateway must synergize the resources of the EU, Member States, European financial institutions, national development agencies and the private sector for strategic infrastructure projects and in the fields of industry, health, youth or education.
"For all this, we of course need the private sector, its expertise and its strong investment, we also need political voluntarism at the highest level", declared Ms. von der Leyen alongside Senegalese President Macky Sall.
Global Gateway is seen as a response to the "New Silk Roads" traced by China. In Africa too, China is rapidly expanding its economic and political presence.
Ms von der Leyen's visit comes a few days before the European Union-African Union summit on 17 and 18 February in Brussels.
The Senegalese head of state recently assumed the presidency of the African Union.
"Investments will be at the heart of the discussions" of this summit, underlined Ms. von der Leyen. "In this field, Europe is the most reliable partner for Africa and by far the most important", she added.
Ms. von der Leyen reiterated that Global Gateway was anchored in "the values to which Europe and Africa are attached, such as transparency, sustainability, good governance and concern for the well-being of populations".
Chinese or Russian competitors of Europeans in Africa are commonly accused of being less demanding when it comes to protecting the environment or human rights.
Ms. von der Leyen had indicated in an interview with AFP before her trip that foreign investment in Africa "too often had hidden costs, financial, political, environmental and social costs, sometimes very heavy".
She had deplored the links of "dependence" that they could establish, a possible allusion to the debt contracted with Chinese donors.
The Senegalese president said he expected from the EU-AU summit "a renewed, modernized and more action-oriented partnership".
"Europe and Africa have an interest in working together", because of their proximity and the repercussions on security, and the opportunities offered to Europe by Africa, "with its human and natural resources and its needs development," he said.
He expressed his "attachment to the fight against global warming, but also our plea for the maintenance of gas financing to support the industrialization of Africa and universal access to electricity, since more than 600 million Africans are still without electricity".
Senegal, a poor country, places a lot of hope in the future exploitation of the gas and oil fields discovered in the Atlantic. It plans to produce its first barrels at the end of 2023 or in 2024.
The Senegalese president is alarmed by the commitment announced in 2021 during the COP26 climate conference by some twenty states, including the United States and France.
They plan to end by the end of 2022 the foreign financing of fossil energy projects without carbon capture techniques.
*While In other News,
EU-AU Summit: "We need a new partnership between Africa and Europe"
“The African continent must benefit from significant investments and large-scale political support to face global challenges, such as climate change, the health crisis, but also social issues such as poverty and the migration crisis,” said indicated Tuesday the former Congolese Prime Minister, Adolphe Muzito during a press conference in Brussels.
The summit between the African Union and the European Union will be held Thursday and Friday in the European capital.
Investments are not an objective in themselves, but they are necessary if we want to achieve transformation and social progress in African countries, explained the Congolese leader of the New Elan party.
In particular, he explained that political support was essential to ensure the stability of African governments.
"Possible investors need a guarantee of stability," said the Congolese politician to the press.
The Congolese MP also explained that Africa must be ready to face a war for natural resources on its soil between Asia and the West.
"We hope that this summit will lead to positive social results for the African population. This is an opportunity for both continents," he said.
"The second hypothesis is that of failure, if the West remains in the same logic of capitalism by coming only to exploit the resources of Africa", concluded Mr. Muzito.
The President of the European Commission Ursula Von der Leyen mentioned last Thursday, at a press conference alongside Senegalese President Macky Sall, an "Africa-Europe program" providing for "more than 150 billion euros in investments" on the African continent.
The program will be discussed at the EU-Africa summit.
Food for thought
Frank
Frank
Top 20
Bit of a coincidence that Felix was on the phone to CATH, CATL just a few days ago !!
Shortly after CATH are happy to hand over the $$$
Im my view this is proof of what a lot of us believe.. the ML is being held up until the DRC has an agreement about battery’s being manufactured locally.
This is as good as a signature on the ML in my book.
*Fletch me Old China Plate, If you're watching, You read my mind my friend
*To Remind,
Shortly after CATH are happy to hand over the $$$
Im my view this is proof of what a lot of us believe.. the ML is being held up until the DRC has an agreement about battery’s being manufactured locally.
This is as good as a signature on the ML in my book.
Fletch77
*Fletch me Old China Plate, If you're watching, You read my mind my friend
*To Remind,
AlpineLife
Member
So de-de risked today! that must of been one hell of a convincing phone call on Saturday between Felix & Chinese money. Exciting times next few weeks for us LTH.
TheCount
Regular
Partners to the end!Dont forget we are business partners with regards to the AVZ Brewery
Is that a new label I see as your Avatar?
Just need an address and shiny new 2.5L sample is on it's way, partner. This is the Freedom Ale in recognition of @Freehold's wise words. A sample will be on it's way to @FrankMe shortly too..
ML Bitter is under construction and will be a few weeks away.
Cheers,
TC.
Frank
Top 20
WINNERS
| AVZ | AVZ Minerals Ltd | 15% | 18,946,753 | 0.84 | $2,520,006,048.40 |
Lithium project developer AVZ Minerals says the completion of a $US240m cornerstone investment from CATH Technologies will be “expedited”.
It expects the deal to be finalised during March.
Lithium supply crunch Part II – this time it’s for real
The lithium supply crunch has arrived in full force.
The price boom of 2016-2017, it’s now clear, was just the dry run.
This is the real deal.
The seeds of today’s lithium boom were sown five years ago, when prices rose to what were then record highs as producers failed to anticipate the demand wave emanating from China’s subsidy-driven roll-out of EVs.
The collective supply response, particularly from hard-rock spodumene producers in Australia, then proved far too strong, leading to the price bust of 2018-2020.
New mines were mothballed, expansion projects were deferred and explorers left to seek their mineral fortunes elsewhere, hollowing out the new project pipeline.
In classic commodity cycle style, this has left producers ill-prepared to meet the current even stronger demand surge. The resulting shortfall of units is fuelling lithium’s white-hot rally.
A record 25,921 tonnes of lithium carbonate equivalent (LCE) were deployed onto roads in new passenger vehicles globally in December 2021, according to Adamas Intelligence.
That was up 68% on December 2020 and a 31% month-on-month jump.
Lithium’s exponential usage curve simply mirrors the equally fast rise in global sales of vehicles using lithium-ion batteries.
Chinese sales of new energy vehicles (NEV) rose by 157.5% to 3.52 million units in 2021, a shining stand-out within a moribund domestic automotive sector.
The launch of cheaper vehicles using a form of battery that doesn’t include nickel or cobalt – lithium iron phosphate (LFP) – is accentuating tightness in the market for carbonate feedstock, manifest in a rare price premium for carbonate over lithium hydroxide.
The EV revolution is now spreading to Europe, where NEV sales grew strongly last year even while petrol and diesel sales contracted.
New registrations of plug-in hybrid vehicles jumped by 71% and pure battery vehicles by 63% in 2021 relative to 2020, according to the European Automobile Manufacturers’ Association (ACEA).
The pace of growth is still accelerating as the European Union channels recovery funds down green transition channels.
Alternatively-powered vehicles accounted for almost half (47.8%) of the EU car market from October to December 2021, with over a million units registered in total, ACEA said.
As Chinese battery-makers are discovering to their cost this year, you can play around with the metallic cathode mix as much as you want, but you’ll still need lithium.
And the current demand call is greater even than that implied by explosive EV sales.
A new industrial sector is taking shape to make the batteries to go in the vehicles. The number of gigafactories – huge assembly plants with output measured in giga, or billions, of watt-hours – is proliferating.
Each needs to build up working stock before the first power is switched on, translating into a huge but largely hidden call on lithium.
Deficit today, deficit tomorrow?
The price explosion tells you that supply is simply not there to feed this demand surge.
Fastmarkets analyst Will Adams pegs the likely shortfall this year at around 60,000 tonnes of lithium carbonate equivalent (LCE), stressing that’s based on apparent demand, which allows for stock building.
Specialist consultancy Benchmark Mineral Intelligence thinks it will be smaller at 26,000 tonnes, while Citi is somewhere in the middle with a forecast 36,000-tonne gap (“Lithium outlook,” Feb. 9, 2022).
Such scarcity pricing is already evident in other parts of the metals world, with tin punching out fresh historic price highs against a backdrop of strong demand, persistent supply shortfall and low stocks.
www.mining.com/web/lithium-supply-crunch-part-ii-this-time-its-for-real/
Food for thought on the Road to Mining Manono with CAT committed and ML imminent atm
Cheers
Frank
Remark
Top 20
Great announcement today Frank. It looks like the mining licence is pretty much a given.WINNERS
AVZ AVZ Minerals Ltd 15% 18,946,753 0.84 $2,520,006,048.40
Lithium project developer AVZ Minerals says the completion of a $US240m cornerstone investment from CATH Technologies will be “expedited”.
It expects the deal to be finalised during March.
View attachment 1116
Lithium supply crunch Part II – this time it’s for real
The lithium supply crunch has arrived in full force.
The price boom of 2016-2017, it’s now clear, was just the dry run.
This is the real deal.
The seeds of today’s lithium boom were sown five years ago, when prices rose to what were then record highs as producers failed to anticipate the demand wave emanating from China’s subsidy-driven roll-out of EVs.
The collective supply response, particularly from hard-rock spodumene producers in Australia, then proved far too strong, leading to the price bust of 2018-2020.
New mines were mothballed, expansion projects were deferred and explorers left to seek their mineral fortunes elsewhere, hollowing out the new project pipeline.
In classic commodity cycle style, this has left producers ill-prepared to meet the current even stronger demand surge. The resulting shortfall of units is fuelling lithium’s white-hot rally.
A record 25,921 tonnes of lithium carbonate equivalent (LCE) were deployed onto roads in new passenger vehicles globally in December 2021, according to Adamas Intelligence.
That was up 68% on December 2020 and a 31% month-on-month jump.
Lithium’s exponential usage curve simply mirrors the equally fast rise in global sales of vehicles using lithium-ion batteries.
Chinese sales of new energy vehicles (NEV) rose by 157.5% to 3.52 million units in 2021, a shining stand-out within a moribund domestic automotive sector.
The launch of cheaper vehicles using a form of battery that doesn’t include nickel or cobalt – lithium iron phosphate (LFP) – is accentuating tightness in the market for carbonate feedstock, manifest in a rare price premium for carbonate over lithium hydroxide.
The EV revolution is now spreading to Europe, where NEV sales grew strongly last year even while petrol and diesel sales contracted.
New registrations of plug-in hybrid vehicles jumped by 71% and pure battery vehicles by 63% in 2021 relative to 2020, according to the European Automobile Manufacturers’ Association (ACEA).
The pace of growth is still accelerating as the European Union channels recovery funds down green transition channels.
Alternatively-powered vehicles accounted for almost half (47.8%) of the EU car market from October to December 2021, with over a million units registered in total, ACEA said.
As Chinese battery-makers are discovering to their cost this year, you can play around with the metallic cathode mix as much as you want, but you’ll still need lithium.
And the current demand call is greater even than that implied by explosive EV sales.
A new industrial sector is taking shape to make the batteries to go in the vehicles. The number of gigafactories – huge assembly plants with output measured in giga, or billions, of watt-hours – is proliferating.
Each needs to build up working stock before the first power is switched on, translating into a huge but largely hidden call on lithium.
Deficit today, deficit tomorrow?
The price explosion tells you that supply is simply not there to feed this demand surge.
Fastmarkets analyst Will Adams pegs the likely shortfall this year at around 60,000 tonnes of lithium carbonate equivalent (LCE), stressing that’s based on apparent demand, which allows for stock building.
Specialist consultancy Benchmark Mineral Intelligence thinks it will be smaller at 26,000 tonnes, while Citi is somewhere in the middle with a forecast 36,000-tonne gap (“Lithium outlook,” Feb. 9, 2022).
Such scarcity pricing is already evident in other parts of the metals world, with tin punching out fresh historic price highs against a backdrop of strong demand, persistent supply shortfall and low stocks.
www.mining.com/web/lithium-supply-crunch-part-ii-this-time-its-for-real/
View attachment 1117
Food for thought on the Road to Mining Manono with CAT committed and ML imminent atm
Cheers
Frank
GLTA.
Samus
Top 20
Don't know how much more imminent I can take Frank!WINNERS
AVZ AVZ Minerals Ltd 15% 18,946,753 0.84 $2,520,006,048.40
Lithium project developer AVZ Minerals says the completion of a $US240m cornerstone investment from CATH Technologies will be “expedited”.
It expects the deal to be finalised during March.
View attachment 1116
Lithium supply crunch Part II – this time it’s for real
The lithium supply crunch has arrived in full force.
The price boom of 2016-2017, it’s now clear, was just the dry run.
This is the real deal.
The seeds of today’s lithium boom were sown five years ago, when prices rose to what were then record highs as producers failed to anticipate the demand wave emanating from China’s subsidy-driven roll-out of EVs.
The collective supply response, particularly from hard-rock spodumene producers in Australia, then proved far too strong, leading to the price bust of 2018-2020.
New mines were mothballed, expansion projects were deferred and explorers left to seek their mineral fortunes elsewhere, hollowing out the new project pipeline.
In classic commodity cycle style, this has left producers ill-prepared to meet the current even stronger demand surge. The resulting shortfall of units is fuelling lithium’s white-hot rally.
A record 25,921 tonnes of lithium carbonate equivalent (LCE) were deployed onto roads in new passenger vehicles globally in December 2021, according to Adamas Intelligence.
That was up 68% on December 2020 and a 31% month-on-month jump.
Lithium’s exponential usage curve simply mirrors the equally fast rise in global sales of vehicles using lithium-ion batteries.
Chinese sales of new energy vehicles (NEV) rose by 157.5% to 3.52 million units in 2021, a shining stand-out within a moribund domestic automotive sector.
The launch of cheaper vehicles using a form of battery that doesn’t include nickel or cobalt – lithium iron phosphate (LFP) – is accentuating tightness in the market for carbonate feedstock, manifest in a rare price premium for carbonate over lithium hydroxide.
The EV revolution is now spreading to Europe, where NEV sales grew strongly last year even while petrol and diesel sales contracted.
New registrations of plug-in hybrid vehicles jumped by 71% and pure battery vehicles by 63% in 2021 relative to 2020, according to the European Automobile Manufacturers’ Association (ACEA).
The pace of growth is still accelerating as the European Union channels recovery funds down green transition channels.
Alternatively-powered vehicles accounted for almost half (47.8%) of the EU car market from October to December 2021, with over a million units registered in total, ACEA said.
As Chinese battery-makers are discovering to their cost this year, you can play around with the metallic cathode mix as much as you want, but you’ll still need lithium.
And the current demand call is greater even than that implied by explosive EV sales.
A new industrial sector is taking shape to make the batteries to go in the vehicles. The number of gigafactories – huge assembly plants with output measured in giga, or billions, of watt-hours – is proliferating.
Each needs to build up working stock before the first power is switched on, translating into a huge but largely hidden call on lithium.
Deficit today, deficit tomorrow?
The price explosion tells you that supply is simply not there to feed this demand surge.
Fastmarkets analyst Will Adams pegs the likely shortfall this year at around 60,000 tonnes of lithium carbonate equivalent (LCE), stressing that’s based on apparent demand, which allows for stock building.
Specialist consultancy Benchmark Mineral Intelligence thinks it will be smaller at 26,000 tonnes, while Citi is somewhere in the middle with a forecast 36,000-tonne gap (“Lithium outlook,” Feb. 9, 2022).
Such scarcity pricing is already evident in other parts of the metals world, with tin punching out fresh historic price highs against a backdrop of strong demand, persistent supply shortfall and low stocks.
www.mining.com/web/lithium-supply-crunch-part-ii-this-time-its-for-real/
View attachment 1117
Food for thought on the Road to Mining Manono with CAT committed and ML imminent atm
Cheers
Frank
Good to have some sort of progress though, rumour over the weekend not to be dismissed quite yet either according to Mr unreliable TD.
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