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LITHIUM, LITHIUM DISCUSSION
blacksheep
post Posted: Sep 4 2017, 02:10 PM
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An interesting read - ASX ORE & GXY get a mention (see extract below)

Argentina pushes lithium mining investments
Mick Bowen
QUOTE
The world’s lightest metal is likely to be in great demand in the near future. As it aims to supply half of global lithium demand, Argentina is courting junior miners and global investors


QUOTE
But would-be lithium miners may soon have to cast a wider net to find financing, according to Chris Berry, founder of the research firm House Mountain Partners. "A small number of development-stage projects looking for major financing will need to rely on more than just strategic investors to attain adequate capital and meet the strong demand forecasts," he says.

Banks and hedge funds have shown interest in funding some projects, but Berry says lithium production involves unique operational risks and lower equity and debt prices could attract varied sources of capital.

Lithium miners in Argentina could also learn lessons from the first lithium boom of 2008 to 2012, when many companies rushed to find financing. Orocobre, for one, became the most shorted stock on the Australian Stock Exchange after it admitted that a "spreadsheet error" had overestimated the concentration of brine at its Olaroz project. Galaxy Minerals, which is also developing a project in Argentina, narrowly escaped bankruptcy after its Chinese processing factory racked up huge losses.

"As much as we’d like to, these projects can’t be rushed," Berry says.

http://www.latinfinance.com/Article/374728...l#/.WazRbcgjG71



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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: Aug 29 2017, 10:00 PM
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LME considers starting lithium contract to tap electric car boom
2 HOURS AGO by: Henry Sanderson
The 140-year-old metal exchange is attempting to reverse a decline in volumes

see link for full details - https://www.ft.com/content/24c36964-89af-11...50-e1c239b45787



--------------------
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: Aug 11 2017, 11:56 PM
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Posts: 6,076
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Major Miners' Battle to Get Into Batteries Steps Up a Notch
By David Stringer
August 11, 2017, 3:57 PM GMT+10
extract
QUOTE
Rio has ‘breakthrough’ in cracking technology for Serbia mine

Jadar asset could meet 10% of lithium demand from 2023: Rio

The world’s biggest miners’ determination to muscle into the burgeoning battery market stepped up a notch with Rio Tinto Group reporting breakthroughs in cracking the technology needed to unlock its giant lithium project in Serbia that could meet 10 percent of global demand.

https://www.bloomberg.com/news/articles/201...pping-container
Attached Image





--------------------
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: Aug 10 2017, 11:02 AM
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Q2 Energy Metals Earnings Review - Crunch Time for the Lithium Majors

August 9, 2017
By Chris Berry
extract

QUOTE
With a permanent shift in the lithium cost curve (not so with cobalt or graphite), valuations are higher than historic norms and the rush to get a toe hold in this sector can be tempting. Bad deals are sure to be done and we’ve seen this pattern in previous booms (uranium in 2007, rare earths in 2011, etc). However, to finish on a positive note, pricing remains firm, EV sales numbers have momentum behind them, and significant changes in battery chemistry seem years away, all implying that we have several quarters of continued growth ahead of us. A balanced approach to this small but quickly growing sector is still the best way forward from a risk management perspective.


http://www.discoveryinvesting.com/blog/201...earnings-review



--------------------
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  sirrobbo  
 
blacksheep
post Posted: Aug 8 2017, 11:27 AM
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UGUST 7, 2017 / 10:18 PM / 11 HOURS AGO
Lithium processors prepare to meet demand in era of electric car
Pratima Desai and Zandi Shabalala

QUOTE
Whiteside said Orocobre's difficulties were typical of many smaller players, noting that the Olaroz facility was the first new major brine operation started in 20 years.

"Because the number of brine operations has been so few historically, there are very few technically experienced chemical engineers to assist these junior companies," he said.

"There are people out there promoting brine projects with plans that are not as robust as they should be."

Graphic: here

Graphic: here

Graphic: here

https://uk.reuters.com/article/us-lithium-p...s-idUKKBN1AN1DX



--------------------
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: Aug 7 2017, 03:23 PM
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Interesting read - includes coverage of all the advanced ASX listed lithium stocks

Electric Car Boom Drives Rush to Mining's $90 Billion Hub
By David Stringer
August 7, 2017, 5:00 AM GMT+10 August 7, 2017, 3:16 PM GMT+10
Lithium scramble likened to Big Oil’s race to Middle East
Australia cementing status as a dominant supplier, UBS says

QUOTE
A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90 billion mining industry.

Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains and an asset boom in Australia, already the world’s largest lithium producer. The fast-developing hub is drawing investment and deals from global producers as well as chemical-to-battery manufacturers in China, the top consumer



QUOTE
Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains and an asset boom in Australia, already the world’s largest lithium producer. The fast-developing hub is drawing investment and deals from global producers as well as chemical-to-battery manufacturers in China, the top consumer.

Suppliers of lithium products are likely to be joined in the chase to secure Australian materials by end-users, including car manufacturers, Pilbara CEO Ken Brinsden told reporters Monday on the forum’s sidelines. “The next catalyst for the industry as a whole is when the big battery makers and even auto-makers start to look to get a position in lithium raw materials,” he said. “It’s starting to dawn on them that there could be a supply chain issue.”


seek link for full details
https://www.bloomberg.com/news/articles/201...llion-heartland



--------------------
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: Aug 5 2017, 09:53 PM
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Some useful info on lithium - definitions, mineralogy and deposits - from the British Geological Survey
Lithium - British Geological Survey
https://www.bgs.ac.uk/downloads/start.cfm?id=3100




--------------------
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: Aug 5 2017, 08:01 PM
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Lithium review from Roskill...

QUOTE
Lithium
Posted by Dimpal on August 3, 2017
The lithium industry has continued to experience rapid price developments in H1 2017 following on from the dramatic price increases witnessed in 2016. In the first half of 2017, US lithium carbonate prices have increased by 2.5% from US$13,000/t to US$13,338/t according to Industrial Minerals, as the international contract price caught up with Chinese domestic prices. Chinese domestic prices have also continued to increase during H1 2017, with lithium carbonate (99.5%, China) increasing by 8.6% to US$19,994/t in June and lithium hydroxide (96%, China) increasing by 1.58% to US$21,768/t also in June.

Lithium demand growth continues to be driven by the use of lithium-ion batteries in the electrification of vehicles and energy storage systems, though other end-uses for lithium are also showing growth at slower rates. Announcements by both governments and major automotive manufacturers supporting the transition from the internal combustion engine to HEV/EVs support expectations of longer term growth in lithium consumption by the industry, though they have also emphasised concerns over whether lithium supply will be capable of meeting such strong demand growth. Lithium consumption in 2017 is forecast to reach 216,500t LCE in Roskill’s baseline forecast, increasing from 197,000t LCE in 2016. This is forecast to increase by over 350% in the years to 2026, which will require multi-billion US dollar investment in lithium production facilities.

On the supply side, H1 2017 saw the first shipments of spodumene concentrate from Neometals’ Mt. Marion mine and Galaxy Lithium’s Mt. Cattlin mine in Australia to mineral conversion facilities in China. Increasing demand and prices have also supported the increased output of lithium compounds from lepidolite conversion in China, which was previously uneconomic to process. Greater supply availability of lithium mineral concentrates in China is expected to continue into H2 2017 and 2018, as numerous lithium mineral operations are scheduled to start production and have signed off-take agreements. Outside of China, Nemaska Lithium began production of lithium hydroxide at its phase 1 plant in Quebec, Canada and will supply material to Johnson Matthey for battery cathode raw materials.

Existing major producers have also been active, with SQM setting up a second joint venture with Kidman Resources at the Mt. Holland project in Australia, in addition to its JV with Lithium Americas in Argentina, signed in 2016. Expansions at existing and new facilities operated by other major lithium producers including Tianqi Lithium, Albemarle and Ganfeng Lithium have also made progress in H1 2017.


https://roskill.com/news/lithium/



--------------------
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: Jul 31 2017, 02:08 PM
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Why West Australian lithium miners are exploring downstream processing

Read more: http://www.afr.com/business/mining/why-wes...n#ixzz4oNZC3z19
QUOTE
When Galaxy Resources GXY opened the Jiangsu lithium carbonate plant in China in March 2012 it was the only Australian company with a major presence in the nascent market. Following an explosion that killed two workers and operational challenges, the troubled plant was sold for $US173 million in 2015.

But now, with the price for lithium carbonate about triple what it was in 2012, Australian mining companies bringing hard rock lithium mines into production are turning their attention back downstream. A reinvented Galaxy is now the only major West Australian lithium miner that has not flagged plans to become involved in converting spodumene concentrate from a mine in the state into one of the lithium chemicals used in lithium-ion batteries...

Kidman Resources has teamed up with Chilean company SQM to add a chemical plant to its planned Earl Grey project. Two of the partners in the operating Mt Marion mine, Neometals and Mineral Resources, are studying a local lithium hydroxide plant.

Pilbara Minerals and Altura Mining are exploring Asian converter plants with Chinese lithium companies and the part-owner of the state's massive Greenbushes mine, Tianqi, is leading the pack with a lithium hydroxide plant already under construction south of Perth. The plans would be positive for the state's resources industry, with the move downstream delivering more investment and skilled jobs. But with the price for spodumene concentrate so strong, some in the market have questioned whether the miners should forgo the risks and just stick to their knitting.

"It is all about margin," Canaccord Genuity analyst Reg Spencer said. "Today market prices for spodumene are so robust it is a very profitable business just to dig the ore up, concentrate it and sell it to converter plants in China. "But then when you think about the margins the converter plants are making, it is a very attractive business, even considering they are paying a margin to the miner.

"So if you can have some level of upstream integration where you don't have to pay a margin to the spodumene miner, or downstream integration where you can benefit from the margins presently available to the converters, then you are going to make a lot more money. From that strategic perspective it is a great idea."

But Mr Spencer said whether shareholders would realise value from the costly pursuit would lie in the execution. "With talk of everyone wanting to build their own refinery, what everyone is a little naive about is that the experience in operating these plants is in China and they are highly capital intensive – the average capital intensity of a converter plant is about the same as the mine itself," he said. "You need the expertise and the finance."

Lithium hopeful Kidman Resources boasted it had secured both earlier this month when it agreed to sell a 50 per cent stake in its Earl Grey project to SQM for $US30 million cash and $US80 million in project funding.

On top of developing the mine and concentrate plant, SQM and Kidman want to build a plant in Western Australia to convert the 220,000 to 300,000 tonnes of lithium concentrate from the project each year to either 37,000 tonne of lithium carbonate or 44,000 tonne of lithium hydroxide. Lithium hydroxide sells for more than lithium carbonate but it does not travel or store as well. SQM has said it plans to produce concentrate from Earl Grey in 2019 before bringing the conversion plant online in the second half of 2020.

Neometals hopes to be on Kidman's heels. The Perth-based company and one of its joint venture partners at Mt Marion, services company Mineral Resources, are studying the development of a lithium hydroxide plant which, if the studies are positive, they hope to commission before the end of 2020. Neometals owns 13.8 per cent of Mt Marion, which made its first shipment in February.

"We took the strategy to get the concentrate plant up and running first and decided to let [Chinese lithium producer] Ganfeng buy 100 per cent of the concentrate for the first three years before we could then take our share of concentrate and downstream process it ourselves," managing director Chris Reed said. "To survive in a lower price environment you have to be integrated."

Kidman and Neometals are considering building their plants in the southern Perth suburb of Kwinana, where China's Tianqi is building a large lithium hydroxide plant, or the state's gold mining centre, Kalgoorlie.

For Pilbara Minerals, which is developing the Pilgangoora project in the state's iron ore rich Pilbara region, a local plant isn't an option.

"To install such a facility you really need a critical mass of other chemical activity happening because what you want is a lower cost of the raw material inputs and the ability to deal the by-products," managing director Ken Brinsden said. "It is unfortunate that at this point in time Port Hedland doesn't really fit into that category. It might in the future but today we don't think it does."

Instead, Pilbara has flagged plans to examine a downstream processing facility in Asia, most likely Malaysia, with China's General Lithium.

But Mr Brinsden said it is a longer-term goal. "Strategically we like the idea there might be an opportunity to participate in that type of facility in the future but it is not a natural place for a mining company and there have been plenty of examples historically where it hasn't worked out as well as could be expected," he said.




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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
 
nipper
post Posted: Jul 29 2017, 11:06 PM
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WA and lithium

http://mobile.abc.net.au/news/2017-07-29/c...322?pfmredir=sm



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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: arty  
 
 


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