Media
- Thread starter cosors
- Start date
I'm making big assumptions in regards to his frustrations, but I know I'd be frustrated.
I guess making assumptions is what all the comments here are though right, no one knows the full deal until info released.
We gotta chill out, visit the bar and have some faith (and some vino). If not, better to get out I suppose.
cosors
👀
about the open day:
We had intended to participate from the party (Fi Kiruna) to clarify our position, but did not have time to coordinate this time. We assume and hope that there will be more opportunities and then we will organise ourselves better, perhaps even together with more of the leading parties in the municipality.
replay
...is not an association (meant is the climate deniers' group), but only a website that gathers opposition to the mine. Opposition must be coordinated before the municipality's decision on the detailed plan, where we are canvassing cross-party support.
A post from the group leader who also wrote the letter to the editor. Seems like the matter is just not yet settled in Kiruna.)
Maybe the government doesn't have to intervene at all. The Minister of Labour (L) and Integration has already taken a clear position on the ground-breaking ceremony.
About Kallak (the project of Beowulf is facing cancellation for internal reasons) the Minister of Economy and Industry had announced the government's decision (or his?). I assume that in our case it would be Ebba Busch as the (KD Christian Democrat) Minister of Energy and Economic Affairs. Talga has already met them several times.
We had intended to participate from the party (Fi Kiruna) to clarify our position, but did not have time to coordinate this time. We assume and hope that there will be more opportunities and then we will organise ourselves better, perhaps even together with more of the leading parties in the municipality.
replay
...is not an association (meant is the climate deniers' group), but only a website that gathers opposition to the mine. Opposition must be coordinated before the municipality's decision on the detailed plan, where we are canvassing cross-party support.
A post from the group leader who also wrote the letter to the editor. Seems like the matter is just not yet settled in Kiruna.)
Maybe the government doesn't have to intervene at all. The Minister of Labour (L) and Integration has already taken a clear position on the ground-breaking ceremony.
About Kallak (the project of Beowulf is facing cancellation for internal reasons) the Minister of Economy and Industry had announced the government's decision (or his?). I assume that in our case it would be Ebba Busch as the (KD Christian Democrat) Minister of Energy and Economic Affairs. Talga has already met them several times.
Last edited:
cosors
👀
Don't hang your head or you'll miss the outcome of the raceLike I do right now, and I feel like rubbish.
Others are already planning our future transport of goods:
"Intense round table discussion for efficient transport in northern Sweden - with massive increase in freight volumes.
Cooperation and transparency were two key factors highlighted in today's discussions at the initiative of CLOSERse between the major cargo owners LKAB, SSAB, Talga Group, H2 Green Steel, Kaunis Iron, the authorities Trafikverket and Region Norrbotten, and the ports of Luleå Hamn, Port of Skellefteå and Kalix hamn among others.
- It was good that we could talk openly today about our common challenges and how we intend to solve them. It is not possible to have secrets in order to succeed! We have to lift the secret, says Magnus Ragneberg, LCAB.
A key challenge is the rapid increase in freight traffic in northern Sweden. The Swedish Transport Administration stressed the importance of coordinating logistics flows, but also how important digitalisation is for development.
- It is a change that is happening so fast that it is difficult to get an overview of the scale of it all.
...
The roundtable, co-organised by LTU Business, CLOSER Norr, the Norrbotten Chamber of Commerce and the Norrbotten Logistics Council, marks the beginning of a journey towards increased collaboration, efficiency and innovation in the transport sector in northern Sweden. Joint work towards common goals can position the region as a pioneer in sustainable logistics, transport efficiency and eventually fossil-free transport systems."
@JoMo68
https://www.linkedin.com/posts/helena-eriksson-979182239_tungt-rundabordssamtal-för-effektiv-transporter-activity-7102283340812025856-ZoKe
@Token35 You won't get me out of here. I'd rather have the vino in the bar! And if my novel gets to a chapter that's too nerve-wracking I can always put it aside and read it later. I'll stay. Of course! I look back over my shoulder and don't see any project that has made it this far here in Europe. And I think the Talga staff, with their different perspective, see it the same way.
Last edited:
WheresTheMonkey
Regular
The only thing I’m unsure of in my interpretation of MT was whether he was speaking about the battery material industry in the EU in general and not TLG in particular
But Yes equity funding was TLG specific
Frankly I’m totally over the delays delays delays and over optimistic webinars .
I’ve lost confidence in MT and the state of the industry. Just sick of waiting
I expect an SP spike hopefully soon and now looking to exit completely around $1.40 ASAP
If we get that high
Last edited:
Thanks, somehow I missed that part when I first watched it. After watching it again, I agree, it's quite strange. If the equiity financing is still a gap, then why end the letter of intent with Mitsui?The "Equity Gap" as he termed it concerned me.
Anyway let's say Monday morning we get a positive announcement (maybe even tomorrow if our lawyers sling a case of beer in the direction of a Court official) then look out for the biggest pump (or attempted pump due to the state of the graphite market) in this Company's history.
We will see Offtakes announced weekly over three weeks, then finally Debt financing and then within 24 hours of that a Trading Halt for a major credit raise.
Or something like that
Problem is the shit market sentiment at the moment especially around graphite.
WheresTheMonkey
Regular
It doesn't make sense does it ?
Do possible equity partner's doubt the Sale Price per Tonne in the DFS and perhaps this is reflected in the Offtake negotiations hence we cant find a partner ?
And what about Disclosure Rules if he knows this.....................Why the F*** announce it at a forum ?
I'm confused.................................is MT on drugs or am I ?
Semmel
Top 20
I have seen it a few days ago when it was first posted but I am so far under water in family and business that I couldnt be arsed to write a responds to it. Well, I am procrastinating the final push today so here is my opinion after fermenting the information for a few days.
I think the panel was good. A bit worrying as the tone was a lot more negative than what we are used from Mark, but good. I like Mark being frustrated. Because I am as well. Especially with the legal processes in Sweden. And the EU cant do shit about it, which is the limiting factor for Talga. But if you remember the Interview Mark had with the EU council a few years ago. They asked what they can do to help him. He said: make the regulatory hurdles smaller. They did their best but unfortunately, they are powerless to influence local law in Sweden. Mark was barking up the wrong tree there. Its not the EU that stands in the way, its local law that is made to delay projects as much as possible with all the periods for comments, and appeals and appealing the appeals.
Now in this panel, he describes the market situation quite well. China has its thumb on the newcomers. It is compacting the earth such that new plants cant grow as easily. The EU does support Talga by doing the CO2 import tarrifs. He is also correct in that battery factories and car factories are supported but not the raw materials suppliers. No idea who to talk to on this one. Though we got a loan from EIB, so its wrong that we didnt get any support.
His statement "in the end, the EU needs to decide if they want to be a bitch of china" or something along these lines rings true. At moment, yes.. the EU very much loves to bend over for China. Lets hope this changes and local sourcing of raw materials will be supported. Talga should get a grant from the EU. If not for Vittanghi, than definitely for 400ktpa Tanode-C Niska. I hope Mark is super frustrated such that he doesnt want to go through this whole process 3 more times. I hope they develop Niska as large as it will go. The market is there. The ducks need to get in a row though.
Graphite to surge, Syrah and Talga the best bet for investors: UBS
Elouise FowlerReporter
Oct 1, 2023 – 5.37pm
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
Stock in Syrah surged nearly 15 per cent following the publication of the investment bank’s analysis on Friday, which estimates electric vehicle automakers will adopt cheaper lithium iron phosphate batteries.
LFP batteries, which requires large amounts of graphite, are a form of lithium-ion battery. This type of battery is not as robust – it requires more frequent charging – but UBS expects automakers will look past this to embrace its cheaper cost and lower carbon profile.
Syrah is the largest vertically integrated graphite producer outside China.
Lachlan Shaw, the lead author of the research, forecasts natural graphite prices will fetch $US850 per tonne by the end of the decade, due to a six-fold increase in demand to 6.3 million tonnes by 2030. That’s a 50 per cent recovery from the $US570 per tonne spot price on Friday.
“We think that the market is more focused on spot graphite prices which are down 30 per cent from 2022 highs versus the potential upside ahead from continued EV momentum and potentially increasing natural graphite share,” he wrote in a note to his clients.
UBS anticipates Syrah, which owns the Balama mine in Mozambique, is well-placed, alongside Talga Resources, a pre-revenue explorer hoping to build a graphite mine and battery processing facility in Sweden. “In natural graphite we marginally prefer ASX-listed Talga over Syrah. In a quickly growing market this isn’t a zero-sum game,” Mr Shaw said.
Graphite is one of 50 minerals listed by the United States as being critical to national security and economic growth. The US and its allies are seeking to break from China’s dominance over critical minerals, which are crucial for electronics and defence applications including weapons systems. China supplies about 85 per cent of the world’s battery-grade graphite.
“The extent of substitution with synthetic graphite, where China is dominant, remains the key debate and makes a scarcity pricing moment (like lithium in 2021/22) unlikely,” Mr Shaw observed.
“But supply chain localisation makes our expectation of growing [supply] deficits by 2030 in both synthetic and natural graphite feasible.”
Syrah, AustralianSuper’s preferred battery minerals miner, offers one of the few options outside of China for those seeking the material.
The strategic importance of the company to the US was revealed this year when the Biden Administration awarded it a loan of $US107 million ($145 million). Syrah plans to use it to more than double the size of its graphite processing plant at Vidalia, in the state of Louisiana.
Syrah has faced strong set-backs this year, halting production in April when graphite prices plummeted due to high inventory in China and weaker sales growth for electric vehicles. Syrah’s shares are down 74.63 per cent from $2.01 since the start of the year.
Syrah’s chief executive Shaun Verner told The Australian Financial Review that operating cost per tonne in “campaign mode” – where it continues to mine and stockpile rather than sell output – was approximately $600 per tonne.
“That cost decreas[es] to below $400 per tonne once Balama operates at full capacity... Reset shipping costs and increasing production costs in China are improving our competitiveness in supply,” he said.
Syrah disclosed last month in its full-year results it had not sold any graphite to customers in May or June.
“A return to continuous operation at Balama will be dependent on consistent demand improvement,” Mr Verner said on Sunday.
Talga’s share rose 1.27 per cent to $1.20 on Friday. The explorer is aiming to develop a vertically integrated battery facility in Sweden, which will process output from its proposed nearby mine in the country’s north.
“We like Talga due to its geographical proximity to Europe’s high growth, emerging battery and EV supply chain as well as the continent’s building support for the regionalisation of critical supply chains,” Mr Shaw said.
https://www.afr.com/companies/minin...he-best-bet-for-investors-ubs-20231001-p5e8th
cosors
👀
Thank you Gero! Finally something positive.Graphite to surge, Syrah and Talga the best bet for investors: UBS
Elouise FowlerReporter
Oct 1, 2023 – 5.37pm
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
Stock in Syrah surged nearly 15 per cent following the publication of the investment bank’s analysis on Friday, which estimates electric vehicle automakers will adopt cheaper lithium iron phosphate batteries.
LFP batteries, which requires large amounts of graphite, are a form of lithium-ion battery. This type of battery is not as robust – it requires more frequent charging – but UBS expects automakers will look past this to embrace its cheaper cost and lower carbon profile.
Syrah is the largest vertically integrated graphite producer outside China.
Lachlan Shaw, the lead author of the research, forecasts natural graphite prices will fetch $US850 per tonne by the end of the decade, due to a six-fold increase in demand to 6.3 million tonnes by 2030. That’s a 50 per cent recovery from the $US570 per tonne spot price on Friday.
“We think that the market is more focused on spot graphite prices which are down 30 per cent from 2022 highs versus the potential upside ahead from continued EV momentum and potentially increasing natural graphite share,” he wrote in a note to his clients.
UBS anticipates Syrah, which owns the Balama mine in Mozambique, is well-placed, alongside Talga Resources, a pre-revenue explorer hoping to build a graphite mine and battery processing facility in Sweden. “In natural graphite we marginally prefer ASX-listed Talga over Syrah. In a quickly growing market this isn’t a zero-sum game,” Mr Shaw said.
Graphite is one of 50 minerals listed by the United States as being critical to national security and economic growth. The US and its allies are seeking to break from China’s dominance over critical minerals, which are crucial for electronics and defence applications including weapons systems. China supplies about 85 per cent of the world’s battery-grade graphite.
“The extent of substitution with synthetic graphite, where China is dominant, remains the key debate and makes a scarcity pricing moment (like lithium in 2021/22) unlikely,” Mr Shaw observed.
“But supply chain localisation makes our expectation of growing [supply] deficits by 2030 in both synthetic and natural graphite feasible.”
Syrah, AustralianSuper’s preferred battery minerals miner, offers one of the few options outside of China for those seeking the material.
The strategic importance of the company to the US was revealed this year when the Biden Administration awarded it a loan of $US107 million ($145 million). Syrah plans to use it to more than double the size of its graphite processing plant at Vidalia, in the state of Louisiana.
Syrah has faced strong set-backs this year, halting production in April when graphite prices plummeted due to high inventory in China and weaker sales growth for electric vehicles. Syrah’s shares are down 74.63 per cent from $2.01 since the start of the year.
Syrah’s chief executive Shaun Verner told The Australian Financial Review that operating cost per tonne in “campaign mode” – where it continues to mine and stockpile rather than sell output – was approximately $600 per tonne.
“That cost decreas[es] to below $400 per tonne once Balama operates at full capacity... Reset shipping costs and increasing production costs in China are improving our competitiveness in supply,” he said.
Syrah disclosed last month in its full-year results it had not sold any graphite to customers in May or June.
“A return to continuous operation at Balama will be dependent on consistent demand improvement,” Mr Verner said on Sunday.
Talga’s share rose 1.27 per cent to $1.20 on Friday. The explorer is aiming to develop a vertically integrated battery facility in Sweden, which will process output from its proposed nearby mine in the country’s north.
“We like Talga due to its geographical proximity to Europe’s high growth, emerging battery and EV supply chain as well as the continent’s building support for the regionalisation of critical supply chains,” Mr Shaw said.
https://www.afr.com/companies/minin...he-best-bet-for-investors-ubs-20231001-p5e8th
Micreg
Regular
Australian Financial Review:
Elouise FowlerReporter
Oct 1, 2023 – 5.37pm
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
Stock in Syrah surged nearly 15 per cent following the publication of the investment bank’s analysis on Friday, which estimates electric vehicle automakers will adopt cheaper lithium iron phosphate batteries.
Shaun Verner is the chief executive of Syrah Resources. Luis Enrique Ascui
LFP batteries, which requires large amounts of graphite, are a form of lithium-ion battery. This type of battery is not as robust – it requires more frequent charging – but UBS expects automakers will look past this to embrace its cheaper cost and lower carbon profile.
Syrah is the largest vertically integrated graphite producer outside China.
Lachlan Shaw, the lead author of the research, forecasts natural graphite prices will fetch $US850 per tonne by the end of the decade, due to a six-fold increase in demand to 6.3 million tonnes by 2030. That’s a 50 per cent recovery from the $US570 per tonne spot price on Friday.
“We think that the market is more focused on spot graphite prices which are down 30 per cent from 2022 highs versus the potential upside ahead from continued EV momentum and potentially increasing natural graphite share,” he wrote in a note to his clients.
UBS anticipates Syrah, which owns the Balama mine in Mozambique, is well-placed, alongside Talga Resources, a pre-revenue explorer hoping to build a graphite mine and battery processing facility in Sweden. “In natural graphite we marginally prefer ASX-listed Talga over Syrah. In a quickly growing market this isn’t a zero-sum game,” Mr Shaw said.
Graphite is one of 50 minerals listed by the United States as being critical to national security and economic growth. The US and its allies are seeking to break from China’s dominance over critical minerals, which are crucial for electronics and defence applications including weapons systems. China supplies about 85 per cent of the world’s battery-grade graphite.
“The extent of substitution with synthetic graphite, where China is dominant, remains the key debate and makes a scarcity pricing moment (like lithium in 2021/22) unlikely,” Mr Shaw observed.
“But supply chain localisation makes our expectation of growing [supply] deficits by 2030 in both synthetic and natural graphite feasible.”
Syrah, AustralianSuper’s preferred battery minerals miner, offers one of the few options outside of China for those seeking the material.
The strategic importance of the company to the US was revealed this year when the Biden Administration awarded it a loan of $US107 million ($145 million). Syrah plans to use it to more than double the size of its graphite processing plant at Vidalia, in the state of Louisiana.
Syrah has faced strong set-backs this year, halting production in April when graphite prices plummeted due to high inventory in China and weaker sales growth for electric vehicles. Syrah’s shares are down 74.63 per cent from $2.01 since the start of the year.
Syrah’s chief executive Shaun Verner told The Australian Financial Review that operating cost per tonne in “campaign mode” – where it continues to mine and stockpile rather than sell output – was approximately $600 per tonne.
“That cost decreas[es] to below $400 per tonne once Balama operates at full capacity... Reset shipping costs and increasing production costs in China are improving our competitiveness in supply,” he said.
Syrah disclosed last month in its full-year results it had not sold any graphite to customers in May or June.
“A return to continuous operation at Balama will be dependent on consistent demand improvement,” Mr Verner said on Sunday.
Talga’s share rose 1.27 per cent to $1.20 on Friday. The explorer is aiming to develop a vertically integrated battery facility in Sweden, which will process output from its proposed nearby mine in the country’s north.
“We like Talga due to its geographical proximity to Europe’s high growth, emerging battery and EV supply chain as well as the continent’s building support for the regionalisation of critical supply chains,” Mr Shaw said.
Graphite to surge, Syrah and Talga the best bet for investors: UBS
Elouise FowlerReporter
Oct 1, 2023 – 5.37pm
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
Stock in Syrah surged nearly 15 per cent following the publication of the investment bank’s analysis on Friday, which estimates electric vehicle automakers will adopt cheaper lithium iron phosphate batteries.
Shaun Verner is the chief executive of Syrah Resources. Luis Enrique Ascui
LFP batteries, which requires large amounts of graphite, are a form of lithium-ion battery. This type of battery is not as robust – it requires more frequent charging – but UBS expects automakers will look past this to embrace its cheaper cost and lower carbon profile.
Syrah is the largest vertically integrated graphite producer outside China.
Lachlan Shaw, the lead author of the research, forecasts natural graphite prices will fetch $US850 per tonne by the end of the decade, due to a six-fold increase in demand to 6.3 million tonnes by 2030. That’s a 50 per cent recovery from the $US570 per tonne spot price on Friday.
“We think that the market is more focused on spot graphite prices which are down 30 per cent from 2022 highs versus the potential upside ahead from continued EV momentum and potentially increasing natural graphite share,” he wrote in a note to his clients.
UBS anticipates Syrah, which owns the Balama mine in Mozambique, is well-placed, alongside Talga Resources, a pre-revenue explorer hoping to build a graphite mine and battery processing facility in Sweden. “In natural graphite we marginally prefer ASX-listed Talga over Syrah. In a quickly growing market this isn’t a zero-sum game,” Mr Shaw said.
Graphite is one of 50 minerals listed by the United States as being critical to national security and economic growth. The US and its allies are seeking to break from China’s dominance over critical minerals, which are crucial for electronics and defence applications including weapons systems. China supplies about 85 per cent of the world’s battery-grade graphite.
“The extent of substitution with synthetic graphite, where China is dominant, remains the key debate and makes a scarcity pricing moment (like lithium in 2021/22) unlikely,” Mr Shaw observed.
“But supply chain localisation makes our expectation of growing [supply] deficits by 2030 in both synthetic and natural graphite feasible.”
Syrah, AustralianSuper’s preferred battery minerals miner, offers one of the few options outside of China for those seeking the material.
The strategic importance of the company to the US was revealed this year when the Biden Administration awarded it a loan of $US107 million ($145 million). Syrah plans to use it to more than double the size of its graphite processing plant at Vidalia, in the state of Louisiana.
Syrah has faced strong set-backs this year, halting production in April when graphite prices plummeted due to high inventory in China and weaker sales growth for electric vehicles. Syrah’s shares are down 74.63 per cent from $2.01 since the start of the year.
Syrah’s chief executive Shaun Verner told The Australian Financial Review that operating cost per tonne in “campaign mode” – where it continues to mine and stockpile rather than sell output – was approximately $600 per tonne.
“That cost decreas[es] to below $400 per tonne once Balama operates at full capacity... Reset shipping costs and increasing production costs in China are improving our competitiveness in supply,” he said.
Syrah disclosed last month in its full-year results it had not sold any graphite to customers in May or June.
“A return to continuous operation at Balama will be dependent on consistent demand improvement,” Mr Verner said on Sunday.
Talga’s share rose 1.27 per cent to $1.20 on Friday. The explorer is aiming to develop a vertically integrated battery facility in Sweden, which will process output from its proposed nearby mine in the country’s north.
“We like Talga due to its geographical proximity to Europe’s high growth, emerging battery and EV supply chain as well as the continent’s building support for the regionalisation of critical supply chains,” Mr Shaw said.
Crazy they still don't understand talga. They are comparing them like for like, based on graphite prices. This is irrelevant to talga, we don't sell graphite, we value add all the way to active anode material and keep all the margins. Once the market finally understands that our SP will go places, unfortunately I don't think they will get it until our first quarterly once we've started production and have some revenue...Graphite to surge, Syrah and Talga the best bet for investors: UBS
Elouise FowlerReporter
Oct 1, 2023 – 5.37pm
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
Stock in Syrah surged nearly 15 per cent following the publication of the investment bank’s analysis on Friday, which estimates electric vehicle automakers will adopt cheaper lithium iron phosphate batteries.
LFP batteries, which requires large amounts of graphite, are a form of lithium-ion battery. This type of battery is not as robust – it requires more frequent charging – but UBS expects automakers will look past this to embrace its cheaper cost and lower carbon profile.
Syrah is the largest vertically integrated graphite producer outside China.
Lachlan Shaw, the lead author of the research, forecasts natural graphite prices will fetch $US850 per tonne by the end of the decade, due to a six-fold increase in demand to 6.3 million tonnes by 2030. That’s a 50 per cent recovery from the $US570 per tonne spot price on Friday.
“We think that the market is more focused on spot graphite prices which are down 30 per cent from 2022 highs versus the potential upside ahead from continued EV momentum and potentially increasing natural graphite share,” he wrote in a note to his clients.
UBS anticipates Syrah, which owns the Balama mine in Mozambique, is well-placed, alongside Talga Resources, a pre-revenue explorer hoping to build a graphite mine and battery processing facility in Sweden. “In natural graphite we marginally prefer ASX-listed Talga over Syrah. In a quickly growing market this isn’t a zero-sum game,” Mr Shaw said.
Graphite is one of 50 minerals listed by the United States as being critical to national security and economic growth. The US and its allies are seeking to break from China’s dominance over critical minerals, which are crucial for electronics and defence applications including weapons systems. China supplies about 85 per cent of the world’s battery-grade graphite.
“The extent of substitution with synthetic graphite, where China is dominant, remains the key debate and makes a scarcity pricing moment (like lithium in 2021/22) unlikely,” Mr Shaw observed.
“But supply chain localisation makes our expectation of growing [supply] deficits by 2030 in both synthetic and natural graphite feasible.”
Syrah, AustralianSuper’s preferred battery minerals miner, offers one of the few options outside of China for those seeking the material.
The strategic importance of the company to the US was revealed this year when the Biden Administration awarded it a loan of $US107 million ($145 million). Syrah plans to use it to more than double the size of its graphite processing plant at Vidalia, in the state of Louisiana.
Syrah has faced strong set-backs this year, halting production in April when graphite prices plummeted due to high inventory in China and weaker sales growth for electric vehicles. Syrah’s shares are down 74.63 per cent from $2.01 since the start of the year.
Syrah’s chief executive Shaun Verner told The Australian Financial Review that operating cost per tonne in “campaign mode” – where it continues to mine and stockpile rather than sell output – was approximately $600 per tonne.
“That cost decreas[es] to below $400 per tonne once Balama operates at full capacity... Reset shipping costs and increasing production costs in China are improving our competitiveness in supply,” he said.
Syrah disclosed last month in its full-year results it had not sold any graphite to customers in May or June.
“A return to continuous operation at Balama will be dependent on consistent demand improvement,” Mr Verner said on Sunday.
Talga’s share rose 1.27 per cent to $1.20 on Friday. The explorer is aiming to develop a vertically integrated battery facility in Sweden, which will process output from its proposed nearby mine in the country’s north.
“We like Talga due to its geographical proximity to Europe’s high growth, emerging battery and EV supply chain as well as the continent’s building support for the regionalisation of critical supply chains,” Mr Shaw said.
https://www.afr.com/companies/minin...he-best-bet-for-investors-ubs-20231001-p5e8th
Semmel
Top 20
Yeah, noticed that too. I guess the time for a re-evaluation comes when we sign a binding offtake for like $10k/tonne or so.. then they can look at their $850/t number and scratch their head until the hair comes lose.
cosors
👀
We know that we know more details and arguments than banker bureaucrats on our own basis.
Something positive is something positive. It doesn't matter for me if we feel we are being addressed correctly. If UBS thinks we are better then I think that's good.
I am not too critical about that.
How can we expect people who are not in the subject like us to present everything correctly?
I think rather positively.
We can be glad that they don't write about genocide, human rights or environmental protection/destruction. When the really large UBS talk about find us better then I think that's good.
Something positive is something positive. It doesn't matter for me if we feel we are being addressed correctly. If UBS thinks we are better then I think that's good.
I am not too critical about that.
How can we expect people who are not in the subject like us to present everything correctly?
I think rather positively.
We can be glad that they don't write about genocide, human rights or environmental protection/destruction. When the really large UBS talk about find us better then I think that's good.
Last edited:
cosors
👀
@Semmel
UBS ist much larger than the Deutsche Bank.
And EIB loves us too. I think that is positive.
The realisation of what it is really about will come.
Once everything is up and running everyone in Europe will want to adorn themselves with this great project.
Where no one wants to bother to get their hands dirty beforehand.
UBS ist much larger than the Deutsche Bank.
And EIB loves us too. I think that is positive.
The realisation of what it is really about will come.
Once everything is up and running everyone in Europe will want to adorn themselves with this great project.
Where no one wants to bother to get their hands dirty beforehand.
Last edited:
Semmel
Top 20
No worries, I never said it was negative.. just some inaccuracies that I noticed and wasn't alone. It's such a common mistake that I got really comment on it unless triggered like in this case
Yeah same here, agree it's great coverage. Just an observation that they are already bullish on Talga just thinking we are a graphite producer, wait till the penny drops we're an anode producer and we capture profits up the whole chain.No worries, I never said it was negative.. just some inaccuracies that I noticed and wasn't alone. It's such a common mistake that I got really comment on it unless triggered like in this case
teilenswert
Regular
£86.9 million for scale-up and R&D of net-zero vehicle technology - Advanced Propulsion Centre (apcuk.co.uk)
https://www.apcuk.co.uk/86-9-million-for-scale-up-and-rd-of-net-zero-vehicle-technology/
Also within the package announced today, is an £11.3 million Automotive Transformation Fund (ATF) grant shared by 5 UK-based projects that will be funded through the second instalment of the SuRV (Scale up Readiness Validation) competition, plus 7 UK-based projects receiving funding through the ATF Feasibility Studies competition. [...] The seven projects and companies funded through round four of the Feasibility Studies competition are: [...] Assessing the feasibility of production of anode materials from recycled graphite and a graphite-silicon composite anode material using in-situ silicates from Talga’s Swedish graphite ore.
https://www.apcuk.co.uk/86-9-million-for-scale-up-and-rd-of-net-zero-vehicle-technology/
Also within the package announced today, is an £11.3 million Automotive Transformation Fund (ATF) grant shared by 5 UK-based projects that will be funded through the second instalment of the SuRV (Scale up Readiness Validation) competition, plus 7 UK-based projects receiving funding through the ATF Feasibility Studies competition. [...] The seven projects and companies funded through round four of the Feasibility Studies competition are: [...] Assessing the feasibility of production of anode materials from recycled graphite and a graphite-silicon composite anode material using in-situ silicates from Talga’s Swedish graphite ore.
Proga
Regular
Hot off the press from Bloomberg. Extracts from an interview with Mark
By Lars Paulsson and Rafaela Lindeberg
13 October 2023 at 3:00 pm AEST
An Australian miner wants to help Europe challenge China’s dominance of the $143 billion market for electric-vehicle batteries.
Talga Group Ltd. aims to play a key role in setting up a European supply chain for EV batteries and reduce local manufacturers’ dependence on China. The company last month started construction of the region’s first anode plant in Sweden, which it plans to complement with a nearby graphite mine.
Europe has offered ample funding for battery factories, but there’s not enough incentives for companies supplying parts and raw materials locally, Talga Chief Executive Officer Mark Thompson said in an interview. While Europe may struggle to compete with Chinese producers on costs, automakers will increasingly have to factor in the carbon footprint of batteries. Talga claims its products will be much cleaner because they’re made using local renewable energy.
Boosting domestic materials used in the clean-energy transition is a key aim of the European Union’s incoming Critical Raw Materials Act. China was responsible for about 79% of the world’s graphite mining and 71% of its processing last year, according to data from the International Energy Agency. Sourcing materials locally would ease reliance on the Asian country at a time when supply chain snags and geopolitical tensions are fueling a push toward greater self-sufficiency.
Talga’s planned graphite mine will be located near the village of Vittangi in the Arctic. The manufacturer was granted a mining permit from Swedish environmental authorities in April. The decision was appealed and a final nod may not be given until the end of the year.
Here are highlights from the interview with Thompson, which have been edited for length and clarity:
Do you think there’s a chance for Europe to establish a self-sufficient battery supply chain?
There really is, but we’re not seeing the speed and support necessary. The problem is there’s funding for the battery factories, but not for what makes the batteries in the factory. So they’ve gone downstream and funded that, with nothing to feed those plants except imported materials from China.
With the EU now investigating the subsidies China has doled out to its EV industry, how does that affect you and the supply chain broadly?
I wouldn’t say no to some protection for us. If Europe really wanted to clean up batteries and the supply chain, they would actually focus on the graphite and the minerals in the battery. It’s more expensive to operate here. The standards are higher, labor costs are higher, environmental standards are higher. So could we get some help on balancing that? Well yes, that would be nice.
Our project can compete on a global basis. However, in the last few years, China has been heavily subsidizing the production of synthetic graphite. They’ve been subsidizing the buildings and the products themselves, and that has distorted the market a lot. They have crashed the price of raw materials down to the point where no new projects are getting built in the Western world.
Why is sourcing graphite in Europe important?
The problem with batteries is that half of it is graphite, which to nearly 100% comes from China. Even if it doesn’t originate there, it’s processed through there. So your phones, laptops, cars, every single lithium-ion battery right now — the graphite has come through Asia. So that’s the existing supply chain, and it’s dirty.
To me it made sense that someplace else in the world had to be developed to replace that graphite. And that’s why I came to Sweden — to be a non-Chinese supplier of graphite for batteries.
But the current battery makers are all using synthetic graphite?
If you want synthetic graphite in your battery, it’s better if it’s made within Europe from European supplies using the cleanest power source possible. I don’t have a problem with synthetic graphite being made in Europe. However, people forget synthetic graphite is made from fossil fuel. How does that make sense that you want to have a green transition where half of your battery is made from a petroleum or coal product?
Why is it easier for companies further downstream to get funding?
There’s very little funding for anything involving a mining project. A mining project still is very sensitive in Europe, so there’s been a tendency to just avoid it. Money has been going into innovative experiments — for example pilot plants for downstream processing experiments. But mostly it’s gone to battery and car manufacturers, which are importing 100% of their materials from Asia.
What do you expect demand will be like for your anodes?
We have expressions of interest from all of our customers, representing approximately over 10 times what our planned production is. We plan to start shipments in the next couple of years.
Miner Expanding in Europe Wants More Aid for EV Battery Materials
Talga Group is building a factory Sweden to make cleaner anodes, but says it would welcome greater support to compete with Chinese rivals.By Lars Paulsson and Rafaela Lindeberg
13 October 2023 at 3:00 pm AEST
An Australian miner wants to help Europe challenge China’s dominance of the $143 billion market for electric-vehicle batteries.
Talga Group Ltd. aims to play a key role in setting up a European supply chain for EV batteries and reduce local manufacturers’ dependence on China. The company last month started construction of the region’s first anode plant in Sweden, which it plans to complement with a nearby graphite mine.
Europe has offered ample funding for battery factories, but there’s not enough incentives for companies supplying parts and raw materials locally, Talga Chief Executive Officer Mark Thompson said in an interview. While Europe may struggle to compete with Chinese producers on costs, automakers will increasingly have to factor in the carbon footprint of batteries. Talga claims its products will be much cleaner because they’re made using local renewable energy.
Boosting domestic materials used in the clean-energy transition is a key aim of the European Union’s incoming Critical Raw Materials Act. China was responsible for about 79% of the world’s graphite mining and 71% of its processing last year, according to data from the International Energy Agency. Sourcing materials locally would ease reliance on the Asian country at a time when supply chain snags and geopolitical tensions are fueling a push toward greater self-sufficiency.
Talga’s planned graphite mine will be located near the village of Vittangi in the Arctic. The manufacturer was granted a mining permit from Swedish environmental authorities in April. The decision was appealed and a final nod may not be given until the end of the year.
Here are highlights from the interview with Thompson, which have been edited for length and clarity:
Do you think there’s a chance for Europe to establish a self-sufficient battery supply chain?
There really is, but we’re not seeing the speed and support necessary. The problem is there’s funding for the battery factories, but not for what makes the batteries in the factory. So they’ve gone downstream and funded that, with nothing to feed those plants except imported materials from China.
With the EU now investigating the subsidies China has doled out to its EV industry, how does that affect you and the supply chain broadly?
I wouldn’t say no to some protection for us. If Europe really wanted to clean up batteries and the supply chain, they would actually focus on the graphite and the minerals in the battery. It’s more expensive to operate here. The standards are higher, labor costs are higher, environmental standards are higher. So could we get some help on balancing that? Well yes, that would be nice.
Our project can compete on a global basis. However, in the last few years, China has been heavily subsidizing the production of synthetic graphite. They’ve been subsidizing the buildings and the products themselves, and that has distorted the market a lot. They have crashed the price of raw materials down to the point where no new projects are getting built in the Western world.
Why is sourcing graphite in Europe important?
The problem with batteries is that half of it is graphite, which to nearly 100% comes from China. Even if it doesn’t originate there, it’s processed through there. So your phones, laptops, cars, every single lithium-ion battery right now — the graphite has come through Asia. So that’s the existing supply chain, and it’s dirty.
To me it made sense that someplace else in the world had to be developed to replace that graphite. And that’s why I came to Sweden — to be a non-Chinese supplier of graphite for batteries.
But the current battery makers are all using synthetic graphite?
If you want synthetic graphite in your battery, it’s better if it’s made within Europe from European supplies using the cleanest power source possible. I don’t have a problem with synthetic graphite being made in Europe. However, people forget synthetic graphite is made from fossil fuel. How does that make sense that you want to have a green transition where half of your battery is made from a petroleum or coal product?
Why is it easier for companies further downstream to get funding?
There’s very little funding for anything involving a mining project. A mining project still is very sensitive in Europe, so there’s been a tendency to just avoid it. Money has been going into innovative experiments — for example pilot plants for downstream processing experiments. But mostly it’s gone to battery and car manufacturers, which are importing 100% of their materials from Asia.
What do you expect demand will be like for your anodes?
We have expressions of interest from all of our customers, representing approximately over 10 times what our planned production is. We plan to start shipments in the next couple of years.