Lithium is the oil of the future. In Manono there is a ±$100 billion reserve. Today, the DRC State via cominière, no longer holds ke 10% because having sold 5%, 15% to the Chinese at the price of peanuts under the eye of Min Kayinda and the Australians have 70%.
IGF has brought the sellers to justice.
Re:- Lithium is the Oil of the future.
S&P’s Aussie analyst delivers real kick to oversupply pundits
This week has been marked by varying opinions about the future of lithium with investment banks who think the market will be oversupplied clashing with the likes of MinRes boss Chris Ellison who said there was “
way more demand than supply”.
S&P Global has come in on the side of the bulls, saying that trade frictions, logistical challenges and sustainability concerns are likely to impact on raw material supply chains.
Combine this with its expectation that demand from makers of light passenger vehicles for lithium-ion batteries is estimated to accelerate to 3.4 terrawatt hours by 2030 (up from just 290 gigawatt hours in 2021, and its clear why its Auto Supply Chain & Technology Group believes that lithium supply deficits are very likely in the medium term.
This is particularly true in Europe where the European Parliament and European Council has provisionally agreed that all new vehicles registered in Europe must be zero emissions from 2035.
Along with rising prices for other battery metals, this will drive component and EV prices up.
The financial information firm noted that development chains for critical battery metals – including lithium – are lengthy and complex with countries making belated attempts to build localised supply chains to address logistical issues with Chinese suppliers and geopolitical concerns brought about by Russia’s invasion of Ukraine.
However, China is expected to remain the dominant global supplier for battery materials for some time.
Benchmark Mineral Intelligence chief executive officer Simon Moores has also come out swinging in favour of a lithium supply deficit.
Oil super-major BP is rolling out over 100,000 EV chargers globally
Bp has launched its global electrification brand – BP Pulse – in Australia with with global CEO Bernard Looney officially opening the new fast charge points at BP Bayside at Brighton East in Melbourne.
The launch is the commencement of BP’s ambitions for around 600 charge points in Australia and the installation of more than 100,000 EV chargers globally.
BP is backing Australian businesses too, with Brisbane-based manufacturer Tritium supplying the chargers as part of a multi-year contract to deliver for BP’s UK, Australian and New Zealand markets.
Did anyone get any tingles about Mr Pei visiting Monono?
Felix, Pei here, What Fuck is going on over there, Why Hold Up with Manono Bro
Need to Waken Monster asap, Sleeping Not good for CAT, not good for AVZ
Not good for DRC
Pull Finger Out
Or Pineapple you get from me
Pei out