AVZ Discussion 2022

[BEISHA]

DOW down another 880 pts over night...................8.6% inflation for the month of May...........

Gasoline one of the biggest hurts.

More interest rate hikes on the cards.

Gonna be a tight rope of reigning that percentage in , without causing a recession.

The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOULTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.

Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.

The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.

I get the feeling , thats exactly what Felix is currently doing behind closed doors.

I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.

imo

 

[wombat74]

DOW down another 880 pts over night...................8.6% inflation for the month of May...........

Gasoline one of the biggest hurts.

More interest rate hikes on the cards.

Gonna be a tight rope of reigning that percentage in , without causing a recession.

View attachment 9041

The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOULTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.

Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.

The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.

I get the feeling , thats exactly what Felix is currently doing behind closed doors.

I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.

View attachment 9047


imo

Damn I love this suspension . Keep milking it Nige .

 

[cruiser51]

Who is actually in charge in the DRC? China?

China Moly denies DRC takeover of its Tenke copper-cobalt mine​

The government suspects the mine has understated its levels of reserves in order to reduce the amount of royalties being paid to state coffers by its Chinese partner.


10 Jun 2022

There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines.

The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had officially taken charge amid a dispute between TFM shareholders.

China Moly controls an 80 percent take in the copper and cobalt mine, while Gecamines owns 20 percent.

“There is no change in the management right of TFM, and production and operations are running as usual,” China Molybdenum spokesperson Vincent Zhou said in an email to Reuters.

The DRC is also the world’s top producer of cobalt, which is used in electric batteries, and Africa’s leading miner of copper.

In February, a court had appointed the administrator, Sage Ngoie Mbayo, for a period of six months in response to a claim brought by Gecamines.

Implementation of the ruling was suspended after the DRC government called for an investigation. But in a letter dated June 1 and seen by Reuters, justice minister Ruth Mutombo ordered that it be enforced.

Ngoie, who had been named Gecamines’ representative to TFM shortly before his appointment as temporary administrator, officially took charge on Thursday, Gecamines secretary-general Patrice Pungwe said.

In a video filmed at TFM’s offices, Ngoie declared that he was now in control.

“At this time, TFM is run by me. It is not run by Gecamines or by CMOC (China Moly),” he said.

The dispute started last August when DRC’s government announced it had formed a commission to reassess the reserves and resources at TFM, which is also among the world’s largest copper producers.

The government suspects the mine has understated its levels of reserves in order to reduce the amount of royalties it pays to Gecamines. China Molybdenum denies having done so.

China Moly and Gecamines are “continuing to move forward” with talks around royalty payments, Zhou said on Friday.
The court order in February had tasked Ngoie with “reconciling the two partners on the points of divergence, namely access to technical information”.

Last year, TFM produced 18,501 tonnes of cobalt and 209,120 tonnes of copper, according to China Moly.

SOURCE: REUTERS

 

[Xerof]

Probably endeavouring to get his feet under the table, if he can find the right office. He only went in on Thursday, but this is a nice summary of the clusterfuck confusion

 

[Xerof]

I see Nigel has another minor hiccup to handle, with the REMX rebalance. Might need to find a friendly block trade until they get back in at next rebalance

 

[CHB]

Not sure he should even care about that tbh.

Just get this project going should be his one and only worry.

The SP will sort itself out over time.

 

[Xerof]

Not sure he should even care about that tbh.

Just get this project going should be his one and only worry.

The SP will sort itself out over time.

Yes, true in all respects.

 

[cruiser51]

Albemarle risks shutting German plant if EU declares lithium a hazard​

8TH JUNE 2022

BY: REUTERS


LONDON - Top lithium producer Albemarle may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared a hazardous material by the European Union, its finance chief told Reuters.

Lithium's pivotal role in electric vehicles makes it an important commodity in meeting global targets to cut carbon emissions, and it was added to the EU's list of critical raw materials in 2020.

However, the European Commission is currently assessing a proposal by the European Chemicals Agency (ECHA) to classify lithium carbonate, chloride and hydroxide as dangerous for human health.

That would result in a more restrictive regulatory framework for their use at a time when the EU is aiming to be self-sufficient in electric vehicle batteries by 2025.

The proposal doesn't ban lithium imports, but if legislated will add to costs for processors from more stringent rules controlling processing, packaging and storage.

"Albemarle would no longer be able to import our primary feedstock, lithium chloride, putting the entire (Langelsheim) facility in jeopardy of closure," said CFO Scott Tozier in an emailed statement.

"With sales of approximately $500-million annually, the economic impact to Albemarle from the potential closure would be significant," Tozier added.

A European Commission official confirmed it was assessing the proposal, but had no further comment.

EU member states are currently giving their views on the proposal to a committee which meets on July 5 to 6 to discuss chemicals including lithium that have been recommended for classification as dangerous. A final decision is expected at the end of 2022 or beginning of 2023.

The United States and Europe have accelerated efforts over the past two years to build secure and independent supply chains to cut reliance on China for key minerals used in electric vehicles, wind turbines and solar panels.

Tozier said the classification would "hinder the localisation of the EU battery supply chain, and instead move the process to a non-EU location, thereby creating the need to import".

"Future battery recycling and cathode manufacturing would move outside of the EU. Albemarle would not be able to convert materials locally, and any EU lithium raw materials would need to be exported to create cathodes."

Having produced lithium since 1921, the Langelsheim plant employs more than 600 people and accounts for 8% of New-York listed Albemarle's projected 2022 net sales.

The European Commission has estimated Europe would need up to 18 times more lithium by 2030 than in 2020, and 60 times more by 2050.
"Classifying lithium as hazardous would create extra burdens on how lithium chemicals for batteries are produced, used and recycled in Europe," an industry source said.


Does this mean no Lithium battery manufacturing in the EU??

 

[Dazmac66]

Can anyone explain what makes lithium a dangerous substance? TIA.

 

[BEISHA]

Can anyone explain what makes lithium a dangerous substance? TIA.

Yep, got me confused too, .......

 

[cruiser51]

Can anyone explain what makes lithium a dangerous substance? TIA.

I looked it up and came up with the following fact sheet:

https://nj.gov/health/eoh/rtkweb/documents/fs/1119.pdf

However in the manufacturing process of batteries there are highly likely more dangerous materials used.

In any mining and/or chemical process activity proper personal protection equipment has to be used, where required.

 

[Mr Inappropriate]

Hey @Cashcity, have u heard anything more re timing of announcements?

 

[Dazmac66]

I looked it up and came up with the following fact sheet:

https://nj.gov/health/eoh/rtkweb/documents/fs/1119.pdf

However in the manufacturing process of batteries there are highly likely more dangerous materials used.

In any mining and/or chemical process activity proper personal protection equipment has to be used, where required.

Thanks Cruiser. The Hazard Data section is quite interesting. Spontaneous combustion!

 

[cruiser51]

Thanks Cruiser. The Hazard Data section is quite interesting. Spontaneous combustion!

There are so many fun materials.
Have a look at grain dust...

https://gpreinc.com/wp-content/uploads/2021/03/SDS_Grain-Dust_2021-03.pdf

What I am trying to say is approach everything with the appropriate respect.

 

[Ozthescot]

Thanks Cruiser. The Hazard Data section is quite interesting. Spontaneous combustion!

Yeah, it's not a very happy element when it's introduced to water either, I remember way back in school dropping a piece of lithium into water and watching the fireworks that took place, same goes for all that group of elements, sodium, potassium, etc.. each one more reactive than the next.
I'm guessing however that the processing of said lithium is probably more hazardous than the element itself.

 

[Ozthescot]

H

There are so many fun materials.
Have a look at grain dust...

https://gpreinc.com/wp-content/uploads/2021/03/SDS_Grain-Dust_2021-03.pdf

What I am trying to say is approach everything with the appropriate respect.

Exactly this, you never know how a substance will react to various conditions.
This is a prime example of how something as simple as dust particles can cause abrupt chaos! I'm sure I've seen a safety video somewhere showing a dust explosion.

 

[Sammy_da_Smile]

Yeah, it's not a very happy element when it's introduced to water either, I remember way back in school dropping a piece of lithium into water and watching the fireworks that took place, same goes for all that group of elements, sodium, potassium, etc.. each one more reactive than the next.
I'm guessing however that the processing of said lithium is probably more hazardous than the element itself.

Yep, now imagine how the fire brigades are meant to deal with all the new EVs lol

 

[Ozthescot]

Yep, now imagine how the fire brigades are meant to deal with all the new EVs lol

At my work there is a lithium battery store and lithium extinguishers outside, so maybe they will be loaded up with chemical that's in there, considering EVs are gonna be everywhere maybe it's a good idea!

 

[Sammy_da_Smile]

At my work there is a lithium battery store and lithium extinguishers outside, so maybe they will be loaded up with chemical that's in there, considering EVs are gonna be everywhere maybe it's a good idea!

Yeh just dunno how practical that is, but I agree something needs to happen cause EVs will be everywhere!!

 

[cruiser51]

Yep, now imagine how the fire brigades are meant to deal with all the new EVs lol

It is actually not the lithium.
Found this regarding Lithium ion batteries and the way they catch fire:

To understand how a Li-ion battery can catch fire or explode, it is necessary to investigate how the battery is built.
A Li-ion battery store and release its electrical energy through electrochemical reactions.
When electrical energy is drawn/discharged from the battery, lithium ions move from one electrode to the other.
The electrodes are submerged in a liquid called an electrolyte, which allows for the movement of ions and consists of lithium salt and organic solvents.
It is these organic solvents which are the leading fire hazard in Li-ion batteries.

Battery design is constantly improving.

I found the article about the safety of lithium products and banning them from Europe odd, but Europe is Europe.
Just think about the massive chemical industries and oil refineries in Europe and the different fire fighting tactics which have to be used for the different materials.
Interesting to see the outcome of the issue.