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LITHIUM, LITHIUM DISCUSSION
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/



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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

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
 
blacksheep
post Posted: Oct 2 2018, 09:38 PM
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In Reply To: blacksheep's post @ Oct 2 2018, 12:34 PM

A little more on the previous story in this article appearing in the Brisbane Times

QUOTE
Battery manufacturing would be trickier but could be made feasible if Australia started refining high-grade battery materials and had an established electric vehicle market.

"Australia’s prospects for entry into (battery manufacturing) are mixed. Australia would likely need to be strongly established at all previous stages of the supply chain in order to position itself for battery production," Mr Cully said.

"The presence of an electric vehicle assembly plant in Australia would also boost the chances for a connected battery facility, though such a development would likely be contingent on a successful expansion of electric vehicles onto Australia’s roads."

Mr Cully warned time was of the essence to ensure Australia maximised its lithium opportunities.

"Given the pace of change and efforts now under way to solidify the supply chain, it is likely that key decisions around the future of lithium in Australia will need to be made within the next few months," he said.

Perth-based Lithium Australia managing director Adrian Griffin said the report confirmed what they already knew, that Australia could play host to a battery industry.

"That's why we're doing the research work we're doing that has taken materials from mine waste right through to lithium-ion batteries. It can be done," he said.

Mr Griffin said the report highlighted the need for the battery materials sector to have access to open-ended research and develop tax incentives.

Association of Mining and Exploration Companies chief executive Warren Pearce said Mr Cully's report neatly summarised the enormous opportunity faced by Australia in lithium and battery minerals.

Mr Pearce said the association would ask for strong leadership from the federal government to grasp the battery minerals opportunity.

While lithium is the buzz resource the report showed it still had a long way to go to reach the economic injection from traditional materials like iron ore, gas, coal and gold shot.

Mr Cully said Australia’s resource and energy exports were expected to hit a new record high of $252 billion in 2018–19, before falling back to $238 billion in 2019-20
.

https://www.brisbanetimes.com.au/business/t...002-p507cb.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 2 2018, 12:34 PM
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Lithium worth ‘hundreds of billions’ to WA
Nick Evans, CanberraThe West Australian
Tuesday, 2 October 2018 4:01AM
extract
QUOTE
Australia’s chief resource economist says WA could earn “hundreds of billions of dollars” by taking advantage of its battery-making mineral wealth but has warned governments must act quickly to capitalise on the opportunity.

The latest quarterly report from Department of Industry chief economist Mark Cully tips exports from the Australian resources sector to top a quarter of a trillion dollars this financial year, at $252 billion.

Traditional exports of iron ore, coal and liquefied natural gas — expected to increase 55 per cent to $48 billion this year — will remain Australia’s dominant commodities.

But he says big growth in exports of battery-making products could see lithium making a substantial contribution to the WA economy.

The key to those riches, Mr Cully says, is WA’s long-held dream of a hosting a genuine downstream processing industry, which could lift the value of lithium exports from about $1100 a tonne for mineral concentrate to about $23,000 a tonne for refined products such as lithium hydroxide.

read more - https://thewest.com.au/business/mining/lith...a-ng-b88976821z



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