AVZ Discussion 2022
- Thread starter GazDix
- Start date
Fletch77
Regular
Not at all.. but comments like that annoy me
Surely you’re taking the piss ..
LEFOOL
Regular
Nigel or BODs, this is seriously getting beyond a joke.just give us the go ahead DRC/ Felix, getting ridiculous
. Get the ML issued and let the other ducks
line up after the ML, not before Felix
far out, you are really pushing the limits big time
something positive JC! Remind, it is APRIL TMW, no CATL 240M in bank as promised, nothing new for AVZ, another missed timeline
David holland
Regular
When we get the license wat are we looking at $3
Euchreman
Member
I've got it all worked out....
We need This GUY to be present for his blessings
Pepele News
@pepele_news
LIVE NEWS- The #central Government is launching preparations for the reception of Pope Francis in #DRC . 37 years later, the pope will visit #Kinshasa and #Goma , from July 2 to 5, 2022.
What a Great day, week its been.
HAGW
Da Euchreman.
We need This GUY to be present for his blessings
Pepele News
@pepele_news
LIVE NEWS- The #central Government is launching preparations for the reception of Pope Francis in #DRC . 37 years later, the pope will visit #Kinshasa and #Goma , from July 2 to 5, 2022.
What a Great day, week its been.
HAGW
Da Euchreman.
BRICK
Regular
aah yep this market close woul;d take me about 2 minutes...
Frank
Top 20
av a good one mate
Wholly Shit Batman, Fark me again and again on this Fomo Friday
Just logged on to see how we finished the Day / Week after a long day at the Office JAG
I see it ( $1.30 ) but i can't Farkin' believe it
Now imagine what that ML + BFS etc will do for the SP
If we can achieve this without it ffs
The mind Boggles
GLTA- AVZH's
Cheers
Frank
Rub it in why don’t yaHoly crap, just got back from the reef with no phone reception … $1.305
Didn‘t expect that with the extension with CATH.
Only just about to read the announcement now.
It was an awesome morning of snorkellingthe reef 🏝
Frank
Top 20
I was thinking this is why IXR has been booming, possibly AVZ as well? Not sure
www.benchmarkminerals.com/events/battery-gigafactories-usa-2022/
*To remind,
Food for thought on another Fantastic Friday Night and Finish to the Week
Bottoms Up
Cheers
Frank
Frank
Top 20
Benchmark says EV makers need to become lithium miners
- Benchmark boss says EV makers should invest in lithium mines to secure supply
Future electric vehicle (EV) demand is surging beyond the ability of the lithium-ion battery supply chain to respond in full.
Benchmark Mineral Intelligence boss Simon Moores says EV makers need to actually get involved with mining if they want to make EVs at scale.
“Offtakes with no active mines are not enough,” he said in a recent tweet.
“Another way in? Acquire the guys that own the mines and especially the guys that own the mines and the refining/chemical conversion capacity.
“If OEMs don’t get a grip on this soon … raw materials prices will continue to go up.”
Check out the full thread below:
Because EV demand is surging beyond the ability of the lithium-ion battery supply chain to respond, the traditional ways of funding the mines of tomorrow need to change, Moores said.
He flagged that EV makers can provide the money to fund new projects – whether that’s 25%, 50%, 100% of the total investment.
Moores also pointed to the recent example of Chinese EV maker BYD taking a stake in a major lithium miner, Chengxin Lithium, “in a move that secures supplies of the battery raw material following a surge in prices.”
Here’s how ASX lithium stocks are tracking today:
| AVZ | AVZ Minerals Ltd | 1.30 | 65% | 18% | 5% | $4,263,297,903.80 |
Food for thought
Frank
Samus
Top 20
It's the frigging white gold rush Frank!!Benchmark says EV makers need to become lithium miners
All your ASX lithium news for Friday, April 1.
- Benchmark boss says EV makers should invest in lithium mines to secure supply
Future electric vehicle (EV) demand is surging beyond the ability of the lithium-ion battery supply chain to respond in full.
Benchmark Mineral Intelligence boss Simon Moores says EV makers need to actually get involved with mining if they want to make EVs at scale.
“Offtakes with no active mines are not enough,” he said in a recent tweet.
“Another way in? Acquire the guys that own the mines and especially the guys that own the mines and the refining/chemical conversion capacity.
“If OEMs don’t get a grip on this soon … raw materials prices will continue to go up.”
Check out the full thread below:
View attachment 3630
Because EV demand is surging beyond the ability of the lithium-ion battery supply chain to respond, the traditional ways of funding the mines of tomorrow need to change, Moores said.
He flagged that EV makers can provide the money to fund new projects – whether that’s 25%, 50%, 100% of the total investment.
Moores also pointed to the recent example of Chinese EV maker BYD taking a stake in a major lithium miner, Chengxin Lithium, “in a move that secures supplies of the battery raw material following a surge in prices.”
Here’s how ASX lithium stocks are tracking today:
AVZ AVZ Minerals Ltd 1.30 65% 18% 5% $4,263,297,903.80
View attachment 3632
View attachment 3633
Food for thought
Frank
Winenut
Go AVZ!
www.benchmarkminerals.com/events/battery-gigafactories-usa-2022/
*To remind,
View attachment 3626
View attachment 3627
View attachment 3628
View attachment 3625
Food for thought on another Fantastic Friday Night and Finish to the Week
Bottoms Up
Cheers
Frank
www.benchmarkminerals.com/events/battery-gigafactories-usa-2022/
*To remind,
View attachment 3626
View attachment 3627
View attachment 3628
View attachment 3625
Food for thought on another Fantastic Friday Night and Finish to the Week
Bottoms Up
Cheers
Frank
Spot on Frank
Spot on
Frank
Top 20
Love AVZ
Love IXR
Strong demand for EVs look to contribute to a decade or more shortage for lithium
Electric vehicles have seen strong sales growth in the past two years, contributing to a significant climb in prices for the lithium needed to build the batteries that power them.The moves raise concerns for a shortage in supplies of the commodity that may last a decade or more.
Original equipment manufacturers — those producing parts for end users — are “all-in on electric vehicles,” or EVs, said Keith Phillips, CEO of Piedmont Lithium.
The OEMs and battery companies are investing tens of billions of dollars in battery plants, he added.
“That is a sea change from just a couple of years ago.”
In a February report, market consultancy AutoPacific forecast fully electric light-vehicle sales in the U.S. of 669,200 units in 2022, up 155% from 262,000 in 2020.
The EV market accounts for almost 80% of lithium-ion battery demand, according to a report from Jiayue Zheng, a consultant at Wood Mackenzie, a unit of Verisk Analytics.
The lithium-ion battery market encountered shortages last year because of “thriving” EV market demand and rising raw-material prices, she says, and Wood Mackenzie believes that battery supply won’t meet demand until 2023.
Phillips, meanwhile, expects OEMs and battery companies to experience dramatic shortfalls in the lithium they’ll need to make batteries because it takes more than 10 years to bring a natural-resource project from “idea to production,” and most lithium project developers slowed down during the 2018 to 2020 bear market.
President Joe Biden on Thursday will announce he’s using the Defense Production Act to secure U.S. supplies of materials needed for a clean-energy economy, senior Biden administration officials told reporters. The focus will be on procuring tools to build batteries in the U.S. that will go into electric vehicles.
Australia, the world’s largest lithium producer, forecasts a tight lithium supply-and-demand market in 2023.
In a quarterly report issued in December, it said world demand is estimated to rise to 724,000 metric tons of lithium carbonate equivalent by 2023, from 486,000 metric tons in 2021, as “global EV uptake rises,” driven by government measures, lower vehicle prices, and increasing vehicle model choices.
The report also sees world lithium production at 821,000 metric tons in 2023, up from 485,000 metric tons in 2021.
“There have been some big increases in [lithium] supply, but much bigger increases in demand,” said Cameron Perks, senior analyst at Benchmark Mineral Intelligence.
That is fed by “emotional” and economic decisions to buy an electric vehicle, he says, noting that an emotional decision is partly based on the idea that owning an EV is a status symbol, as well as a way for people to reduce their carbon footprint.
The recent run-up in oil prices has sped up demand for EVs, he said.
U.S. and global benchmark oil futures settled at their highest levels since 2008 on March 8, contributing to a rise in average retail U.S. gasoline prices to $4.331 a gallon on March 11, the highest on record.
EV prices have also climbed, due to general inflation, said Perks, but also because of the rise in costs for lithium and other raw materials.
For lithium contracts, there are “cost pass-through mechanisms in place that essentially mean that the higher lithium prices are being handed down to consumers,” he said.
The February reading for the lithium price index, which is tied to the global weighted average price for lithium carbonate and hydroxide — two primary lithium chemicals — stood at 869.2, up 88% so far this year, and up by a whopping 441% from the same time a year ago, according to data from Benchmark Mineral Intelligence.
“I could not be more bullish” on the outlook for lithium, said Piedmont Lithium’s Phillips. “We expect [EV] demand to grow dramatically,” given that these cars are smoother, quieter and faster, and far less expensive to fuel and maintain, he said.
“As EV demand grows, lithium demand will grow, and we expect shortages for the next 10 [to] 15 years, at least.”
www.marketwatch.com
Ford, Rivian Are More Influential Than Tesla. No, Really.
Time magazine published its list of 100 most influential companies recently.
On the list: Ford Motor and Rivian Automotive, and Chinese electric-vehicle maker BYD. Not on the list: Tesla.
The snub has been noticed by Tesla bulls.
Future Fund Active ETF portfolio manager Gary Black tweeted out Wednesday evening: “Very sus.”
He has a point.
Like it or not, Tesla is the world’s most valuable car maker by a very wide margin.
The company has ushered in the era of electric vehicles, and its strategy has been either praised or emulated by global auto makers ranging from Volkswagen to General Motors.
All the U.S. companies that achieved trillion dollar market caps made it on the list: Alphabet (GOOGL), Amazon.com (AZMN), Meta Platforms (FB), Microsoft (MSFT), and Apple (AAPL).
Just not Tesla.
Still, Time seems to acknowledge the importance of the car business, with three auto makers on the list.
Cars, after all, generate trillions in annual economic activity while employing millions around the globe.
Vehicles also account for roughly 15% of all global carbon-dioxide emission.
Carbon dioxide is the atmosphere’s greenhouse gas blamed for climate change.
About Ford, which the magazine lists in the Titans category, Time notes the company is going all out to electrify its products.
That is true.
Ford has announced billions in spending for EV assembly and battery capacity. The company plans to have enough capacity to manufacture two million EVs by 2026.
BYD isn’t a household name, but it is one of the five most valuable auto makers on the planet, making cars, buses, and batteries.
Tesla actually shows up in BYD’s write-up as a competitor in China.
BYD is in the Titans category with Ford. Rivian is in the innovator category.
Time detailed Rivian’s struggles to ramp up production, which is probably the number one thing investors are watching in 2022.
Rivian plans to make about 25,000 vehicles in 2022. At the start of the year, Wall Street was hoping for about 40,000.
Time, of course, has significantly acknowledged Tesla recently.
Elon Musk was its “Person of the Year” in 2021.
Musk has also appeared on Barron’s list of best CEOs for the past two years. Barron’s recognized his disruption in two businesses—cars and rockets.
Musk also runs SpaceX, the company that pioneered reusable rockets and that now owns about two-thirds of all the satellites orbiting earth.
SpaceX, in private markets, is valued at roughly $100 billion.
That is more than either Ford or Rivian, and roughly the same as aerospace giant Boeing.
SpaceX didn’t make Time’s list either.
Axiom Space did though.
It’s building a commercial space station.
So did Astroscale. It’s a company dedicated to cleaning up space junk.
In the end, lists exist partly to get people talking.
This one certainly will.
www.marketwatch.com
Food for thought on the Road to Mining Manono with that ML in the Bag sooner or later
Fingers Crossed
Cheers
Frank
CashKing
Regular
New girlfriend JAG ?
She wears tooMuch mate….
JAG
Top 20
THE DRC BATTERY COUNCIL: BUILDING THE SUSTAINABLE BATTERY SUPPLY CHAIN OF TOMORROW
APRIL 1, 2022 JANET“The country’s mining sector currently accounts for 98% of exports, 18% of GDP and 11% of jobs. If the DRC captures 20% of the market share for battery production, it will add around US$54 billion to its income and raise its GDP tremendously,” says UN Under-Secretary-General Vera Songwe.
Africa is a resource-rich continent, home to some 30% of the world’s known mineral reserves, including 40% of known gold and up to 90% of chromium and platinum reserves.
For centuries, this mineral wealth has been extracted by foreign nations or companies with very little value returned to the countries they are taken from, leaving Africa with little to gain from the global mineral supply chain.
The Democratic Republic of Congo (DRC) is seeking to change that unequal dynamic, taking the first steps to building a sustainable battery value chain within the DRC and greater Africa with the support of the new Democratic Republic of Congo Battery Council.
WHAT IS THE DRC BATTERY COUNCIL?
The main objective of the Democratic Republic of Congo’s DRC-Africa Business Forum in 2021 was to foster “the development of a battery, electric vehicle and renewable energy value chain and market in Africa”.The DRC-Africa Business Forum – after two hours of roundtable debate – brought together high-level stakeholders to form the Democratic Republic of Congo’s Battery Council with three strategic objectives:
- Support value creation of strategic minerals in Africa and strengthen productive capabilities in the battery value chain, to generate job creation on the continent via the battery value chain;
- Ensure a socially, environmentally responsible and sustainable battery value chain, which improves the lives of women and the youth; and
- Encourage local and African champions to invest in the battery industry.
- Leverage partnerships to attract and promote investment and innovation and technology for the transformation of Africa’s strategic minerals;
- Accelerate intra-African trade, skills building and research to unlock innovation along the battery value chain leveraging the African Continental Free Trade Area (AfCFTA);
- Collaborate to promote extensive partnerships and far-reaching exchanges of innovative ideas to ensure that the battery value chain is sustainable and accrues value to the local economy;
- Catalyse, fast-track and scale up action towards the vision; and
- Facilitate the generation of evidence-based studies, data, information on the battery value chain in the DRC and Africa.
“The DRC is at the heart of the battery value chain, as it is home to about 70% of world’s cobalt reserves,” UN Under-Secretary-General and executive secretary of the Economic Commission for Africa Vera Songwe said.
“The country’s mining sector currently accounts for 98% of exports, 18% of GDP and 11% of jobs.
“If the DRC captures 20% of the market share for battery production, it will add around US$54 billion to its income and raise its GDP tremendously.”
The head of state of the DRC and current chair of the African Union Commission (AU), Félix-Antoine Tshisekedi Tshilombo, also expressed his enthusiasm for the council to begin pursuing its goals: “The machine is now launched, it is necessary to start right after this forum.”
WHO’S INVOLVED?
The key participants included representatives of Zambia, Tanzania and Morocco, the UN Economic Commission for Africa, African Union Commission and Afreximbank.Other organisations included Africa Finance Cooperation, African Development Bank Group, Bosch Africa, The Arab Bank for Economic Development in Africa, and AVZ Minerals Ltd (ASX:AVZ).
AVZ Minerals was the only aspiring mining company to be invited to the forum, which managing director Nigel Ferguson sees as a logical choice.
“We’re sitting with one of the globally significant lithium and tin resources and the current geopolitical climate is gaining greater focus on green technology,” Ferguson said.
“The Australian Ambassador visited just recently and she said the DRC President, Felix Tshisekedi, was very keen on having more Australian companies come and do business in country because we’ve got a very good reputation for our technical expertise, our transparency and our professionalism.
“We also recognise the importance of having a local community that’s realising benefit from a national asset.”
AVZ Minerals has built its brand on a near ‘zero emissions’ operation, with an independent greenhouse gas assessment confirming the Manono Lithium and Tin Project could have one of the lowest carbon footprints of any hard rock lithium mine in the world.
“The DRC and Africa are strategically positioned to play a pivotal role in the global transition to clean energy and decarbonisation and the Manono project will greatly assist to improve the fortunes of the Congolese people, which AVZ Minerals is very supportive (of),” Ferguson commented.
CHALLENGES TO BE OVERCOME
There are many structural challenges to be overcome before the DRC Battery Council can meet its goals, not least of which is energy and transport infrastructure.The DRC currently operates under a large electricity deficit, where once it supplied excess energy to its neighbours.
Secretary-General of EGC (General Cobalt Company) and energy expert Vincent-Noël Vika Raissa Kikunda said that overcoming this first hurdle was paramount, and “the country will have to invest a billion dollars each year to hope to solve its electricity problem”.
Secretary-General Vika highlights that without access to financing and sovereign guarantees, long-term energy purchase contracts may fill the gap.
DRC will also likely need a more robust rail network, potentially a large industrial port and greater integration of the local population into the electric battery industry.
The private sector will be integral to the upskilling of DRC citizens, a role AVZ Minerals is already engaged in.
The mining company has plans to build and fit-out a school at Manono, the local town adjacent to AVZ’s mining project, and also intends to draw on a large pool of extensive mining experience in the form of locally recruited on-the-job traineeships.
“Giving locals an opportunity to have a skill or a trade and uplift themselves is something that’s very close to us,” Ferguson explained.
“The DRC is well endowed with not only natural mineral resources but also in their people. There’s a long history of mining in the country and many people are very technically capable.
“I’m absolutely comfortable with the fact that there’s enough technical capacity here to be able to fulfil those roles.”
Ferguson also highlighted a need for political stability and regulatory flexibility across greater Africa, often cited as one of the major reasons the continent can be risky to invest in.
David McLachlan-Karr, the Resident and Humanitarian Coordinator of the UN in DRC, commented that the Congo has the capacity to change the distribution of benefits from the green mineral value chains.
“Investors believe in this project and are involved. The work will be very complex, requiring a focused approach,” McLachlan-Karr said.
“Investing in this sector in DRC won’t just yield financial returns, but will be vital for the global reaching of the Paris agreement, and improving lives in DRC.”
JAG
Top 20
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