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LITHIUM, LITHIUM DISCUSSION
blacksheep
post Posted: Nov 27 2019, 12:59 PM
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In Reply To: lugaville's post @ Nov 27 2019, 07:20 AM

I would not go as far as saying "all lithium stocks" will come back. IMHO there are many penny dread fulls in this space (also cobalt and graphite) that won't last the distance and will ultimately jump into the next hot sector to stay alive - as they have done in previous hot cycles.





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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

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lugaville
post Posted: Nov 27 2019, 07:20 AM
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In Reply To: blacksheep's post @ Nov 23 2019, 08:32 PM

all lithium stocks in the dunny just like the iron ore crash,,will come back

 
blacksheep
post Posted: Nov 23 2019, 08:32 PM
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As lithium prices drop, private equity investors hunt for deals
extract
QUOTE
The Pallinghurst-Traxys Battery Materials fund plans to focus on lithium projects, as well as copper and graphite, in developed economies to reduce risk, Ichilov told an industry conference earlier this month.

That and a recent spate of other deals should help bridge what analysts forecast will be an under-investment by the lithium industry in coming years.

“Mining needs a lot more capital than it has been getting,” said Sam Jaffe of Cairn Energy Research Advisors, who estimates more than $100 billion needs to be invested in the battery minerals supply space, including for materials like lithium, nickel and graphite.

Texas-based private equity firm Centaurus Capital took up half of Pioneer Ltd’s A$40 million ($27 million) stock offering in late November, a tacit bet that the company’s Nevada lithium project will see strong demand in coming years. The offering was backed by Goldman Sachs Group Inc and Australian private wealth business Ord Minnett.

Centaurus did not respond to a request for comment.

Czech utility CEZ is finalizing a deal to convert a 2 million euro ($2.2 million) loan into majority control over European Metals Holdings Ltd’s Cinovec lithium and tin project, which it says is the largest lithium deposit in Europe, an unusual arrangement for a utility.

Commodities trader Transamine Trading SA earlier this year said it would lend Canadian miner CAT Strategic Metals Group nearly C$10 million ($7.5 million) for the Kamativi Tailings Lithium Project in Zimbabwe.

Transamine did not respond to a request for comment.

“With strong projected demand ahead, the industry is still underserved from investments in the space,” said Ernie Ortiz, president of Lithium Royalty Corp, an affiliate of Waratah Capital Advisors, which earlier this year invested A$8.1 million ($5.5 million) for a 2.5% royalty in Core Lithium Ltd’s Canadian lithium project.

Ichilov, the Traxys investor, said his fund plans to move fast.

“We want to make significant moves in 2020,” he said. “We’re big believers in the energy transition. It’s a tectonic shift.”

read more - https://www.mining.com/web/as-lithium-price...hunt-for-deals/



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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 22 2019, 03:17 PM
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World’s No. 2 lithium miner SQM hit by weak prices, demand
Cecilia Jamasmie | November 21, 2019

QUOTE
Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, continues to suffer from sustained weak prices and demand for the metal used in batteries that power electric vehicles (EVs) and high tech electronics, with profit falling almost 28% in the three months to Sept. 30.

The Santiago-based lithium giant said net income in the third quarter reached $60.5 million compared to $83.5 million a year earlier, while gross profit reached $134.2 million, lower than the $162.1 million recorded for the same quarter last year.


QUOTE
Prices for lithium carbonate, the most common type used in EV batteries, doubled over 2016 and 2017. Since then, they have fallen by more than 40% to around $9.5 per kilo compared to the $18 per kilo mark they hit in May last year, according to S&P Global Platts.

The main factor behind the price slump is the avalanche of new supply that has hit the make over the past year, triggered mainly mine expansions and a cut in government subsidies for purchasers of electric vehicles in China.

read more - https://www.mining.com/worlds-no-2-lithium-...-prices-demand/



--------------------
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 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..

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



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sentifi.com

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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



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



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



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