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LITHIUM, LITHIUM DISCUSSION
blacksheep
post Posted: Feb 2 2019, 11:07 AM
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GLOBAL LITHIUM WRAP: China lithium market stagnant before Lunar New Year
QUOTE
China’s domestic battery-grade lithium-carbonate spot price remained stable this week, while the transportation of lithium compounds stopped ahead of the Lunar New Year holiday (February 4-10).

Battery-grade lithium carbonate prices stable ahead of the holiday.
Lithium hydroxide prices unchanged on thin trading activity.
Seaborne Asian cif China, Japan & Korean prices remain unchanged.
Spodumene prices assessed stable month on month.

read more - https://www.metalbulletin.com/Article/38566...r-New-Year.html



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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: Feb 2 2019, 10:59 AM
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Lithium Giant's Landmark Deal Is Big Step to Battery ‘Dream’
By Laura Millan Lombrana
February 1, 2019, 12:00 PM GMT+11 Updated on February 1, 2019, 11:55 PM GMT+11
Chile will launch an auction for lithium refining in March
Govt. wants to see electric car battery parts made in Chile
read more - https://www.bloomberg.com/news/articles/201...ttery-hub-dream



--------------------
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: Jan 29 2019, 10:10 PM
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In Reply To: blacksheep's post @ Dec 13 2018, 09:42 AM

Germany edges out China in Bolivia in the new lithium 'Great Game'
REUTERS
JAN 29, 2019
QUOTE
UYUNI, BOLIVIA/BERLIN - When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new “Great Game” in which big powers like China are jostling across the globe for access to the prized electric battery metal.

read more - https://www.japantimes.co.jp/news/2019/01/2...e/#.XFBBqFwza70



--------------------
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: Jan 21 2019, 11:49 AM
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QUOTE
Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT
Warren Buffett's Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times reported on Sunday.


1:27PM EST
https://www.reuters.com/article/us-berkshir...t-idUSKCN1PE0SX



--------------------
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: Jan 16 2019, 08:00 PM
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Exclusive: Chile nuclear watchdog weighs probe into fraud over lithium exports - documents
Dave Sherwood
QUOTE
But CCHEN’s discovery that its records of lithium exports are far from accurate could complicate the agency’s efforts to determine just how much lithium SQM and Albemarle have mined and when their quotas of the metal will be exhausted.


QUOTE
Albemarle and SQM’s Chilean operations are critical to the global supply of lithium. Together, their Chile plants produced nearly 40 percent of the world’s lithium in 2017.

Nuclear agency CCHEN has authorized lithium quotas and exports since 1979, when the military government of ex-dictator Augusto Pinochet declared lithium “strategic” because of its nuclear applications.

read more - https://www.reuters.com/article/us-chile-li...s-idUSKCN1P91YG







--------------------
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: Dec 18 2018, 02:33 PM
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Lithium market analysis with Roskill
https://roskill.com/news/lithium-market-ana...s-with-roskill/



--------------------
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: Dec 13 2018, 09:42 AM
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Germany secures access to world's second-largest lithium deposit
QUOTE
Germany and Bolivia today sealed a partnership for the industrial use of lithium , a key component in the batteries that power electric cars and cell phones.

ACI Systems will work with state-owned Bolivian Lithium Deposits (YLB) on installing four lithium plants in the Salar de Uyuni salt flats, which hold the world's second-largest lithium deposit.

The joint venture also plans to build a factory for electric vehicle batteries in the country.

While more than 80% of the lithium extracted will be exported to Germany, the company is said to be in talks with other European companies.

The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year, beginning in 2022, over a period of 70 years.

read more - http://www.mining.com/germany-secures-acce...ithium-deposit/
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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: Dec 12 2018, 07:41 PM
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Producers, consumers of lithium differ over 2019 contract prices
By MARTIM FACADA
QUOTE
The fall in Chinese spot lithium prices has been at a faster pace than the fall in US and European prices, throwing up differences in opinion about contract prices in supply deals for 2019.

Lower lithium prices than a year ago have led to differing price expectations between producers and consumers of lithium compounds in their negotiations for 2019 supply contracts.

In light of lower spot prices in China, lithium consumers are seeking to lock in lower contract prices for 2019 by referencing the Chinese spot market price in their deals. But lithium producers are trying to keep prices unchanged year on year due to expectations of strong demand for lithium compounds over the coming years.

"Lower Chinese prices are being used by consumers to obtain lower prices for next year," a lithium producer told Fastmarkets IM. "It is undoubtable that Chinese prices affect the rest of the world prices… we will [therefore] start next year with softer prices than the ones achieved in 2018."

"The Chinese domestic spot price has an important influence on rest-of-the-world prices," an Asian lithium distributor said. "Despite the expected huge increase in demand for lithium compounds for 2019, global contract prices are going down and that is mainly because consumers with business partners in China are aware of the lower prices in China."

Chinese spot prices have fallen further than US and European contract prices from this time last year.

Fastmarkets IM assessed the battery grade lithium carbonate min 99.5% (Li2CO3) contract price on a cif China, Japan and Korea basis at $13-16 per kg on Wednesday November 28, down by 21.62% from $17-20 per kg on November 29 last year*.

The battery grade lithium hydroxide min 56.5% (LiOH.H2O) contract price cif China, Japan and Korea was $16-18 per kg on November 28, down by 15% from $18-22 per kg on November 29, 2017.

The European and US battery grade lithium carbonate min 99.5% (Li2CO3) contract price on a ddp basis was $13-16 per kg on November 28, a drop of 19.44% from $17-19 per kg on November 29 last year.

In the same comparison, the battery grade lithium hydroxide min 56.5% (LiOH.H2O) contract price at $16-18 per kg ddp Europe and US was down by 8% from $17-20 per kg.

While some market participants cited lower spot prices in China and a supply glut as the main reasons that contract prices should fall, lithium suppliers are adamant that China has a limited influence on prices in the rest of the world.

"Until now, the market dynamics observed in China have not spread to the rest of the market, except India perhaps [for lithium hydroxide]," a second lithium producer told Fastmarkets.

"Japanese and Korean cathode manufacturers have strict qualification procedures so we only see a reduced number of Chinese producers supplying those markets and still at reduced quantities," the producer added. "This will probably change in the medium term only, not in the coming months."

Slow spot consumption and excess supply have pushed down the battery-grade lithium carbonate spot price in China by 55.14% to 74,000-83,000 ($10,638-11,932) yuan per tonne as of November 29 from 180,000-170,000 yuan per tonne on November 30 last year.

The battery grade lithium hydroxide spot price in China has fallen by 24.65% to 105,000-115,000 yuan per tonne from 142,000-150,000 yuan per tonne over the same period.

Since the demand shock at the end of 2015, lithium contract prices had trended higher toward the level of spot prices in China (see graph below) until the fourth quarter of this year.

FM, Spot vs Contract
Source: Fastmarkets But contract prices have softened recently, falling month on month throughout the fourth quarter of 2018. This highlights China’s influence on prices elsewhere and especially in contracts signed with companies that have direct relationships with Chinese battery makers.

While market participants believe the Chinese spot market has become overheated, lower spot prices there and excess supply have progressively pushed down contract prices elsewhere - they are following the trend a year later.

Contract prices across the globe should soften slowly and catch up with spot market trend, reflecting growth both in Chinese production and consumption of lithium compounds. This makes the Chinese spot market a decent indicator of the direction in Chinese contract prices.

Lithium producers and consumers have since 2015 increasingly signed quarterly, half-year or annual contracts that use the trend in the Chinese spot price and market fundamentals as reference points to determine the lithium price for those contracts.

Volumes are typically locked in but the formulae can include floor and ceiling prices subject to spot market movements; or fixed prices throughout the term of the contract. Before the price spike in 2015, contracts were typically for more than one year at a fixed price.

Still, some larger producers and consumers - with contracts of at least 300 tonnes per year - have retained the longer-term approach by locking volumes for between one and three years.

Another growing trend - mainly in Asia but increasingly in Europe and the US - has been a willingness to mix thing up, buying both on spot and on contracts.

"We could save up to $8 per kg if today we buy material in the spot market in China compared to our current contract prices," the Chinese cathode maker said. "We have increased the amount of material purchased on a spot basis and this could be an increasing trend if prices in China remain low."

https://www.indmin.com/Article/3847509/Prod...ract-prices.htm



--------------------
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: Dec 12 2018, 07:19 PM
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Lithium has further to fall: Bernstein
Bernstein has forecast an even lower lithium price after this year’s falls.
QUOTE
Since the start of 2018, the price for various forms of lithium has fallen steeply as supply comes online and structural changes to the Chinese market squeezed prices all the way to the finished lithium-ion batteries.

Bernstein analyst Paul Gait said in a note lithium producers' margins were far too high for a sustainable supply chain.

"Despite the price fall … lithium prices still imply astonishingly high returns on any investment in lithium production capacity," he said.

"Current lithium carbonate prices are in the range of US$10,000-15,000 per tonne depending on the exact price series one selects to look at, but according to our analysis, these prices would still imply IRRs of between 46% and 74% based on our representative list of 20 lithium projects from around the world."

Gait said looking at other market factors, a "fair" long-term lithium price was $8,000/t, as it would generate "appropriate investment" in production and meet rising demand while maintaining IRR levels for miners

This is well down on his ‘fair' price from last year of $12,900/t..

read more - https://www.mining-journal.com/research/new...-fall-bernstein



--------------------
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: Dec 12 2018, 02:26 PM
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In Reply To: blacksheep's post @ Dec 11 2018, 09:26 AM

Coalition reveals plan to make lithium batteries 'in our own backyard'
QUOTE
Australia must not squander the “once-in-a-generation” opportunity presented by the booming demand for lithium-ion batteries and should build a dedicated manufacturing sector instead of sending the nation’s vast amounts of locally mined lithium offshore, federal government ministers have said.

The Morrison government on Tuesday released an Austrade report on lithium – a key ingredient in lithium-ion batteries, which are used in electric vehicles, electronic devices like mobile phones and laptop computers, and to store renewable energy.

Australia is well-positioned to capitalise on the “lithium-ion battery era”, the report said. Australia has the third-largest reserves of lithium in the world and is the largest producer of hard-rock lithium spodumene.

“At the moment Australia produces about half of the world’s lithium, but once it’s mined out of the ground, it’s shipped offshore, with all of the value-creation activities such as processing and battery manufacturing occurring overseas,” Trade Minister Simon Birmingham said. “Now is the time to accelerate the development of a high-tech lithium manufacturing sector in our own backyard.”

https://www.smh.com.au/business/companies/c...211-p50ljg.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
 
 


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