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LITHIUM, LITHIUM DISCUSSION
blacksheep
post Posted: Nov 16 2019, 07:03 PM
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Nemaska Lithium shares hit new low, says project shutdown “within weeks”
Frik Els | November 15, 2019
QUOTE
Canadian lithium developer Nemaska Lithium (TSX: NMX) said on Friday its Whabouchi project in Quebec would be put on care and maintenance before the end of the year, as financing discussions with investment firm Pallinghurst continue.

Montreal-based Nemaska said, “in the coming weeks, the Whabouchi site winterization and orderly demobilization will be completed”:

A small crew will conduct care and maintenance activities as well as ensuring site security. Detailed engineering will be pursued, at an adapted pace, to continue the development of project until financing is secured for both the Whabouchi mine and the Shawinigan plant.

“We continue working with Pallinghurst and our other strategic partners on completing an optimized project financing structure to be submitted to the shareholders’ approval as soon as possible,” said Guy Bourassa, president and CEO of Nemaska Lithium.

Nemaska said it also working to fulfill the last orders at the demonstration plant which has been in operation since February 2017 as well as preparing samples of lithium hydroxide to continue product qualification trials with potential end users.

As of August 31, it had incurred capital expenditure of C$392 million on a total project budget of C$1.27 billion.

The company said at the end of the September quarter it had on hand approximately $77 million in unrestricted cash and cash equivalents to finance its current activities, plus cash and cash equivalents of $40 million that it has agreed, for the moment, to maintain in a cost overrun account.

Nemaska’s stock was trading down 8.6% by early afternoon on Friday with double usual volume of shares exchanging hands. At 16c per share, the decline since the start of the year is now 80%.

After peaking at $2.35 per share two years ago with a market value approaching $2 billion, the lithium developer is now worth C$128 million on the Toronto stock exchange.

Lithium hydroxide prices have fallen 21% this year, bringing the Benchmark Mineral Intelligence LiOH index to its lowest point since February 2016.

https://www.mining.com/nemaska-lithium-shar...n-within-weeks/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 13 2019, 07:32 AM
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Main culprit behind lithium metal battery failure

QUOTE
Summary:
Researchers have discovered the root cause of why lithium metal batteries fail -- bits of lithium metal deposits break off from the surface of the anode during discharging and are trapped as 'dead' lithium that the battery can no longer cycle. The discovery challenges a long-held belief in the field about lithium metal battery failure..

.
https://www.sciencedaily.com/releases/2019/...90821135244.htm



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  lgrif  
 
blacksheep
post Posted: Nov 7 2019, 02:28 PM
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Large lithium presence at LME Week speaks volumes about market
London Metal Exchange Week is traditionally focused on the base metals but at this year’s event, which took place last week, there was a definite focus on battery raw materials - and especially lithium.
Published onNovember 06, 2019 16:15 PM
By
• William Adams
extract
QUOTE
Given that there is so much hype and chatter about lithium - stakeholders push ‘their’ lithium project as the ‘best in class’ or ‘world-class’ or the “biggest lithium deposit in the world” or the “world’s largest undeveloped hard rock project” - perhaps they attended to meet the lithium supply chain to hear things first hand.

This gave the market the opportunity for a reality check; our takeaways are:

1. While a lot more lithium is going to be needed in the years and decades ahead, too much new production came on stream in 2018/2019.
2. Too many in the market did not give the Chinese enough credit for being able to produce enough lithium product of acceptable quality from spodumene. (The Chinese are very adept at finding solutions – the fact they have managed to produce quality lithium that overseas battery manufacturers can use has resulted in the market become flooded).
3. Stockpiles of spodumene and processed lithium have built up, forcing many to lower their offers to shift material for cash-flow and storage reasons. Processors have attempted to push their falling margins to spodumene producers - demanding that their cut their prices or risk losing sales - so spodumene prices have been falling too.
4. The fallout from the trade war and significant subsidy changes for Chinese EVs have hit demand harder than the market expected.


read more - https://www.fastmarkets.com/article/3902921...es-about-market



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 7 2019, 02:18 PM
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Albemarle plans $100 million cost cuts to counter low prices

QUOTE
(Reuters) - Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world’s largest lithium producer grapples with a fall in prices on near-term oversupply concerns


QUOTE
Rival Livent Corp also cut its full-year revenue and earnings forecast on Tuesday and said the flagging lithium industry was working through “difficult” times.

https://www.reuters.com/article/us-albemarl...s-idUSKBN1XG2ZD



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 6 2019, 12:45 PM
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Lithium could see further boom-bust cycles in long term
By MICHAEL GREENFIELD, MICHAEL GREENFIELD
Published: Tuesday, 05 November 2019
extract
QUOTE
Demand for lithium carbonate is probably fully covered until 2025, but the market could return to undersupply due to the current investor hesitance to invest in the lithium supply chain.

A lack of investment in the lithium supply chain could push the market back into undersupply in the second half of the next decade, and further boom-bust cycles may follow, delegates at the London Metal Exchange’s LME Week heard.

A shortage of lithium is being forecast in the long term due to the lack of investment in mining projects, speakers and panelists said during a panel discussion at the event last week.

Demand for lithium will catch up with today’s oversupply but, given the weakness in prices, miners were reluctant to invest in new or expanded capacity, because this could move the market into undersupply by the middle of the next decade, they added.

As a result, the market will experience further boom and bust cycles, according to Daniel Jimenez, partner at consultancy iLi Markets, who was speaking on the LME Week Battery Materials panel on October 31.

William Adams, head of base metals and battery research at Fastmarkets, described the electric vehicle (EV) and battery materials market as being in a "valley of disappointment," in a presentation that preceded the panel. These sentiments were later echoed by the panelists.

The lithium market has been facing low prices, a weakening global economic outlook, a softening in demand for EVs, and lithium mining projects that have either cut their output or halted altogether.


read more - https://www.indmin.com/Article/3902774/Lith...-long-term.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 29 2019, 02:25 PM
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Stung by sliding prices, lithium industry pares back expansions
Ernest Scheyder
QUOTE
(Reuters) - Albemarle Corp, SQM and other lithium producers have been scaling back expansion plans as near-term oversupply concerns drag on prices, unnerving investors who are pushing the industry to focus more on profitability.


QUOTE
“The problem in lithium is the growth rate is so high, that when producers over-deliver, they over-deliver big,” said Jon Hykawy, a battery minerals analyst at Stormcrow Capital. Battery metals are expected to be a major part of the discussion this week as the world’s metals industry gathers in London for the London Metal Exchange (LME) Week. Lithium shareholders seem keen not to repeat the mistakes made by early investors in the U.S. shale boom, which prioritized growth over cash flow in a push to make the United States the world’s largest oil and natural gas producer. A decade after that boom began, many U.S. shale companies are not profitable.

read more - https://www.reuters.com/article/us-metals-l...s-idUSKBN1X71DG



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Oct 23 2019, 12:25 PM
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Tianqi has first loss in 5-1/2 years as lithium prices crash
Reuters | October 22, 2019 | 8:52 am China Lithium

QUOTE
Tianqi Lithium Corp, one of the world’s biggest lithium producers, swung to a net loss in the third quarter as prices for the battery metal slumped.

Tianqi, which owns around a quarter of Chilean lithium producer SQM, processes spodumene, a mineral mined for its lithium content, into chemicals such as lithium carbonate and lithium hydroxide that are used in electric vehicle batteries.

Lithium carbonate prices in China, as assessed by Asian Metal, have fallen around 28% year-to-date to 49,500 yuan a tonne amid oversupply. Prices were around 150,000 yuan a tonne in early 2018.

Chengdu-based Tianqi reported a net loss of 53.9 million yuan ($7.62 million) for July-September 2019, versus net profit of 379.7 million yuan a year earlier and 82.1 milion yuan in the second quarter.

The result, published in a filing to the Shenzhen stock exchange on Tuesday, is Tianqi’s first quarterly loss since the first quarter of 2014, according to Refinitiv Eikon data. In the first nine months of 2019, net profits were down 91.7% year-on-year at 139.5 million yuan.

Third-quarter revenues were down 17.8% year-on-year at 1.21 billion yuan.

The company had earlier this month flagged an expected slump in nine-month profits of more than 90%.



read more - https://www.mining.com/web/tianqi-has-first...m-prices-crash/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 16 2019, 09:32 AM
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Russia’s Rosatom looks to buy 51% of giant Chilean lithium mine
QUOTE
Deal would give access to major deposits of key mineral for battery manufacturing


read more - https://www.ft.com/content/c9c91a68-ef55-11...a4-b25f11f42901



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Oct 10 2019, 11:20 AM
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In Reply To: triage's post @ Oct 9 2019, 10:12 PM

as blacksheep posted in the MNS thread (as Prof Whittingham is a non-executive director with Magnis)

- "These brilliant minds changed the way human civilization interacts with energy.” It all started with Whittingham.
QUOTE
Dr. Whittingham, who is now based at Binghamton University in New York state, sought to make a stronger battery during the 1970s oil crisis, with the goal of eliminating the use of fossil fuels in energy production. Working at Exxon, he made the first functional lithium battery, using pure lithium metal for the negative end, or anode, and another material for the positive end, called the cathode.

The flow of negatively charged electrons from the battery’s anode to the cathode generates power. The cathode was also laced with positively charged lithium particles, or ions, which helped make the battery rechargeable. The battery, however, was still too expensive and dangerous for broad commercialization. Oil prices also dropped in the 1980s, and Exxon discontinued the project, but the field continued to forge ahead.

“It’s been great to see how it grew,” Dr. Whittingham said. “Lots of people helped it along the way, and now it’s a multi-billion dollar industry.”

Dr. Goodenough, also researching alternative power sources in the wake of the oil crisis, increased the battery’s storage capacity in 1980. He did that by changing the material that makes up the battery’s positively charged end, or cathode, which receives electrons. Dr. Goodenough’s change doubled the power of the batteries to four volts, increasing their potential as an energy source.

Dr. Yoshino fine-tuned the batteries by making the anode end out of lithium ions rather than solid metal, incorporating them into a carbon material, petroleum coke. The change made the batteries safer, lighter, less expensive to produce, and capable of being recharged hundreds of times.

Sony Corp. was first to commercialize the lithium-ion battery in the early 1990s, followed by a joint venture of Asahi Kase i Corp., which Dr. Yoshino is affiliated with, and Toshiba Corp.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
triage
post Posted: Oct 9 2019, 10:12 PM
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The developers of lithium ion batteries are awarded the 2019 Nobel prize in chemistry.

https://www.abc.net.au/news/2019-10-09/nobe...opment/11588298

And it was also announced that the parents of one of the winners, John B Goodenough, were given a posthumous kick up the bum for branding their son with a name that after 97 years he has finally lived up to. Reminds me of Johnny Cash's song about the boy being named Sue so as to toughen him up.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

Said 'Thanks' for this post: nipper  blacksheep  
 
 


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