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LITHIUM, LITHIUM DISCUSSION
blacksheep
post Posted: Nov 17 2018, 12:49 PM
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Lithium: Third quarter results for Australian spodumene miners largely positive
QUOTE
Neither Tianqi or Albemarle report output and sales from Greenbushes. Based on cargo volumes from Bunbury, however, Talison shipped to China 72,352wmt of concentrate in July, 67,276wmt in August, and 35,329wmt in September, totalling 174,930wmt. Talison also shipped 9,003wmt to the USA and Europe representing technical-grade sales. Exports are up slightly from 173,562wmt in Q2 2018. Talison produced 31,000t LCE in Q3, 5,000t LCE higher than product export, with the difference perhaps due to timing of shipments versus production that would be expected to show in Q4, although some production may now be being held in Australia for processing at Tianqi’s Kwinana plant.

Neometals reported 111,023wmt (77,000wmt at 6.0% Li2O and 34,000wmt at 4.0% Li2O) of concentrate production in Q3 at its joint venture Mt. Marion mine, and shipped 91,313t to co-owner and off-taker Ganfeng Lithium. Construction of additional flotation concentrator circuits to upgrade all output to 6.0% Li2O is due for completion by end-2018 with full production at the higher grade from mid-2019. Neometals is progressing feasibility on its 10,000tpy lithium hydroxide Kalgoorlie Lithium Refinery Project with front-end engineering and design scheduled for completion end-2018 and an investment decision due by mid-2019.

Galaxy produced 31,156dmt for Q3 and shipped 29,555dmt with an average grade of 5.65% Li2O, down from 47,901dmt, 45,761dmt and 5.83% in Q2. Recovery fell to 42% from 56% in Q2. Output and recovery fell due to lower feed grade, a delay in permits for mining of a new area, and a delay to the yield optimisation project which aims to boost recovery to 70-75%. In Argentina, Galaxy aims to enter into a binding transaction with a strategic partner for development of its Sal de Vida brine project by end-2018 with US$257M received from the sale to POSCO of the northern tenements to be utilised for this project. Evaluation work also continues at the James Bay spodumene project in Quebec.

Tawana produced 28,419wmt for Q3, up 63% from Q2, and shipped 18,670dmt to off-taker Burwill Holdings. Spodumene concentrate produced and shipped has returned an average of >6.0% Li2O, <0.5% Fe2O3, and mica content of <0.5%. Tawana also recovered 374wmt of tantalum concentrate containing 16.4t of Ta2O5, which was sold to GAM under a one-off contract, and is engaging with H.C. Starck for long-term off-take. Tawana is investigating a fines recovery circuit to boost lithium recovery from 62% to 72-80%. Costs were US$660/dmt for Q3 net of tantalum by-product credits.

Pilbara Minerals produced 11,814dmt spodumene concentrate for Q3 but only sold DSO during the period with 205,766wmt supplied to Atlas Iron, up from 145,974wmt in Q2. First shipment of spodumene concentrate departed Port Hedland in early October containing 8,800wmt of coarse and fine material and grading 6.26% Li2O and 0.72% Fe2O3. Pilbara also produced 7.66t of tantalum concentrate and sold 2.26t to Global Advanced Metals (GAM). Contrary to other new producers, Pilbara prioritised its fines circuit commissioning given the larger output volume available while the DMS circuit was being commissioned. Pilbara did not report recovery levels, as some volumes will be reprocessed, but is aiming to reach 75% by mid-2019. The company also recently approved the Stage 2 expansion to 800,000tpy, subject to external approvals and funding.

Altura recorded spodumene concentrate production of 7,379wmt for Q3 and shipped two consignments of 5,000t to Chinese off-taker Lionergy in October. Spodumene concentrate produced and shipped has returned an average of 6.0% Li2O, 1.1% Fe2O3, and mica content of 0.8%. The company also secured an off-take with Ganfeng Lithium for minimum 218,000t through end-2018, replacing 50,000tpy previously destined for J&R Optimum Energy in China. Altura is now focussed on commissioning the fines plant to boost recovery, which is currently taking place in conjunction with production ramp-up.

Mineral Resources produced 358,000wmt of DSO from Wodgina and shipped 422,000wmt as the company winds down DSO sales to stockpile ore for future upgrading to 6.0% Li2O spodumene concentrate. Construction of the 750,000dmtpy spodumene processing plant, along with the associated crushing and nonprocess infrastructure upgrades, continued during the quarter, but commissioning will be delayed by eight weeks as a result of late delivery of long lead items and congestion in the Perth fabrication and rubber lining facilities. The first-stage 250,000dmtpy module is expected to begin commissioning in Q3 FY19 followed by stages 2 and 3 in Q4 FY19.

https://roskill.com/news/lithium-third-quar...rgely-positive/



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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 8 2018, 10:20 AM
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Albemarle's claim to unique lithium technology draws scrutiny
Reuters | about 7 hours ago |

QUOTE
The lack of clarity over the issue prompted Chile's nuclear commission, which oversees the sale and export of lithium in Chile, to deny Albemarle's request to increase its production quota for the white metal. The agency says the company has yet to explain how its technology will allow it to extract more lithium from the same amount of brine in the world's driest desert.

Albemarle has been reluctant to provide specific details of the new process first announced in September 2017. The Chilean Nuclear Energy Commission (CCHEN) began asking last March for specifics on the process.

http://www.mining.com/web/albemarles-claim...draws-scrutiny/



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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 3 2018, 11:16 AM
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Lithium: Ganfeng first of the majors to see price impact as Q3 earnings emerge

QUOTE
Ganfeng Lithium reported Q3 revenue of RMB1.26Bn (US$176M), up 3% from RMB1.22Bn (US$170M) in Q2 as lower prices offset increased volumes (Roskill estimates 10.4kt LCE vs. 9.2kt LCE in Q2). Higher costs also ate into profits, down 33% from RMB463M (US$61M) to RMB312M (US$44M) due to increased operating expenditure and Hong Kong listing expenses. Ganfeng’s H-Shares were officially listed on the HKSE on 11th October rasing US$421M, with LG Chem taking an 11% share alongside an off-take agreement for 92.6kt LCE of lithium hydroxide. Ganfeng also recently signed off-take agreements with Tesla and BMW as automakers lock-in lithium supply.

Ganfeng’s inventory swelled to RMB1.4Bn (US$200M) as the company stockpiled spodumene ahead of full operation of the new 17.5ktpy lithium carbonate and 20ktpy lithium hydroxide plants which are now being ramped-up, with another plant planned with the proceeds of the IPO. Ganfeng has also committed more funds to the Minera Exar Cauchari joint venture project with Lithium Americas in Argentina, paying US$87.5M (plus an additional deferred payment of US$50M) to SQM and now holding 37.5% of the project. As well as its own share of the project costs, Ganfeng is also funding an additional US$100M of Lithium Americas’ obligation to the capital costs, alongside US$125M commited previousely, and will receive 70% of Lithium Americas’ share of output. In total, Ganfeng’s share of output from the 25ktpy project will be 20.3kt, with Bangchak Petroleum taking 2.4kt following its US$113M investment in 2017.


read more - https://roskill.com/news/lithium-ganfeng-fi...arnings-emerge/



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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 2 2018, 01:34 PM
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In Reply To: blacksheep's post @ Oct 24 2018, 11:00 AM

Lithium stocks all going higher today. Would appear the Stockhead article - Lithium stocks are under-valued because investors misunderstand one key point: analyst - could be one reason another reason perhaps positive feedback from BMI's recent Cathodes conference in Newport Beach - https://investingnews.com/daily/resource-in...-ion-batteries/

Time will tell who is right - Mac + MS or the other "experts"

QUOTE
Lithium stocks have taken a beating because investors don’t understand the lithium supply chain an analyst told a Melbourne mining conference on Tuesday.

Analysts from Macquarie and Morgan Stanley have stoked lithium over-supply concerns this year, helping push the sector down.

But Canaccord Genuity mining analyst Reg Spencer reckons there is “a lack of understanding in the depth and the complexity of the supply chain and that’s confused a lot of investors”.

That misunderstanding is “leading to volatility in share prices from many companies that are operating in this sector,” Mr Spencer told the International Mining and Resources Conference.

https://stockhead.com.au/resources/lithium-...-point-analyst/
GXY up 14.04%
ORE up 12.9%
KDR up 12.88% - also announced a HOA with Mitsui yesterday
MIN up 6.5%
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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: Oct 24 2018, 11:00 AM
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Lithium giant's wobble shows meeting demand growth not so easy
Bloomberg News | about 3 hours ago |
QUOTE
Even the most experienced lithium producers struggle when it comes to ramping up supply, suggesting that many projects being touted by small companies will never be built, according to Banco Santander.

SQM is one of the oldest, largest and most profitable producers of the mineral used in rechargeable batteries for vehicles. On Friday, it revealed a five-week delay in a project to take annual capacity to 70,000 from 48,000 metric tons.

read more - http://www.mining.com/web/lithium-giants-w...rowth-not-easy/



--------------------
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

Said 'Thanks' for this post: triage  
 
nipper
post Posted: Oct 19 2018, 07:01 AM
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In Reply To: triage's post @ Oct 19 2018, 06:15 AM

With the degradation of the salars, I can see a bunfight brewing. Though we are a long way from Stop Albemarle T-shirts. And it would be a fair bet Tibet gets done over.



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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
 


triage
post Posted: Oct 19 2018, 06:15 AM
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Trouble brewing at the Atacama Salar in Chile. A version of the tragedy of the commons where both lithium companies seem intent on grabbing as much brine as they can no matter what the long term consequences may be.

https://graphics.reuters.com/CHILE-LITHIUM/...B1MH/index.html

Working on the theory that problems for your competitors is good news for you the lithium brine stock I follow, Orocobre, which operates from a different salar, in northern Argentina, may attract more intention from investors as a result of these concerns in Chile. Anyway, we'll find out how Orocobre is managing its own production problems as we should get to see their September quarter production figures in the next few days.




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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  
 
blacksheep
post Posted: Oct 11 2018, 06:08 PM
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In Reply To: blacksheep's post @ Oct 10 2018, 02:00 PM

Here's Where Tesla's Supplier Says the Lithium Market Is Heading
Bloomberg News
October 11, 2018, 4:31 PM GMT+11 Updated on October 11, 2018, 5:05 PM GMT+11
Ganfeng Lithium expects votality to linger into mid-next year
Exec. Wang Xiaoshen says some new auto projects may be delayed

read more -https://www.bloomberg.com/news/articles/2018-10-11/here-s-where-telsa-s-supplier-says-the-lithium-market-is-heading?srnd=premium-asia



--------------------
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 10 2018, 02:00 PM
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The Battery Boom Has Created a New Lithium Superpower in China
By David Stringer and Martin Ritchie
October 10, 2018, 10:16 AM GMT+11
QUOTE
China’s Ganfeng Lithium has added projects ahead of share sale
Tesla, BMW supplier cautious on over-expansion: vice chairman

With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution.

Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013, shuttling between prospective lithium deposits dotted through the verdant countryside. It was part of their company’s first foray outside China amid a drive to boost production of key materials needed to make rechargeable batteries.


read more - https://www.bloomberg.com/news/articles/201...hium-superpower
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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: Oct 3 2018, 03:24 PM
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In Reply To: blacksheep's post @ Oct 2 2018, 09:38 PM

You can tell we are in election mode rolleyes.gif
Parties vie for WA lithium battery votes
Nick Evans and Stuart McKinnonThe West Australian
Wednesday, 3 October 2018 10:39AM
QUOTE
Federal Labor says it wants to “supercharge” Australia’s involvement in the lithium-ion battery sector and is promising to back WA with research dollars and access to infrastructure and manufacturing funds worth billions to do so, if it wins government.

A report by Australia’s chief resources economist released yesterday said Australia could reap “hundreds of billions” from an explosion in the use of lithium batteries, saying that all the materials required to make them could be found in WA.

Shadow resources minister Jason Clare told WestBusiness a Federal Labor government would make downstream processing of battery metals mined in Australia a policy priority, promising to back the industry with research grants and priority access to the $5 billion Northern Australia Infrastructure Facility.

Labor has also promised to establish a $1 billion Australian manufacturing future fund to extend loans for local manufacturing plants, which would also be available to miners and processors wanting to add value to raw minerals mined in WA.

“We want to support them to take the next step further down the supply chain,” he said.

Mr Clare said Labor would also make research into battery metal processing a funding priority for the Federal Government’s multibillion-dollar Australian Research Council grants program.

Speaking to WestBusiness in Perth yesterday after an industry roundtable attended by Prime Minister Scott Morrison, Federal Resources Minister Matt Canavan said the Government would take a lead role in promoting Australia’s lithium and new minerals potential overseas.

“And I’d also like to see and consider how we can better co-ordinate our infrastructure investment to support the development of new projects,” he said.

Senator Canavan said the Government was considering a range of proposals put to it by the Association of Mining and Exploration Companies and the WA lithium sector, including concerns about the Government’s planned research and development tax changes, which introduces a $4 million cap on rebates for junior companies’ spending on R&D.

However, he said the Government had made its decision after considering reports and he thought the changes would receive widespread support in Parliament.

https://thewest.com.au/business/mining/part...s-ng-b88979665z



--------------------
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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