Simon Moores: The U.S. National Source Chain It’s being built “too slowly.” “It’s not too late for America, but we want to act now,” Simon Moores of Benchmark Mineral Intelligence told the U.S. Senate on Tuesday. “A new global lithium-ion economy is being created,” Moores said. “However, all U.S. ambitions to be a leader in this lithium-ion economy are only progressing and being surpassed in China and Europe.” Looking at the raw fabrics desired to force this lithium-ion economy, Benchmark Mineral Intelligence predicts that by 2029, demand for nickel will double, while demand for cobalt will accumulate 3 times, graphite in scales 4 times and lithium more than six times. Times.
On June 30, Benchmark Mineral Intelligence reported:
The UK is spending a billion pounds to extract the gigafactory of batteries from electric vehicles and revive the lithium-ion economy. The UK government said: “We are making more budget this year to attract investment in ‘gigaphobricas’ …
BNEF updates its prospects for lithium-ion batteries (June 2020)
Source: Bloomberg New Energy Finance [BNEF]
Benchmark Mineral Intelligence 2020 Lithium Supply and Demand Forecast
Source: Reference Mineral Intelligence
Forecast to increase battery demand from 2019 to 2030 for electrical metals as the electric vehicle boom takes off
Australian lithium manufacturers can get advantages from the vertical integration matrix ….. Harry Fisher of CRU GroupArray … “On the lithium side, it’s literally in favor of lithium hydroxide, which is a smart tale for Australia and the manufacturers of spodumena. We detect that the demand for lithium hydroxide is literally beginning to accumulate in the long term and is exceeding the classic demand for carbonate from South America and others. “According to the paintings we have made by examining lithium chemistry prices around the world in detail, the Australian projects that exist will in fact be globally competitive and can literally gain advantages from vertical integration,” Fisher said.
On July 9, New Atlas reported:
Lifespan of lithium-ion batteries reinforced by a new Array cathode coating … The new coating capable of increasing the battery operating voltage to 4.6 V, compared to the 4.2 V of the existing lithium-ion batteries… said this will decrease the battery charge and increase the battery life of the devices.
On July 15, Yahoo Finance reported:
Letter Lex from Seoul: LG Chem: Tesla’s power bet. In Asia, those who missed the Tesla rally are turning to the batteries that power the cars and the shares of manufacturer LG Chem. The shares recovered … LG Chem, which also has Mercedes-Benz, Audi and Volvo Cars as consumers, accounts for about a quarter of the global market. Orders are higher to the point of creating an order book as the company increases its capacity. Sales increased by more than two-thirds in the first five months of this year despite global crashes. Shares rose 140% since the March low.
BMW is filing a 2 billion euro contract with Northvolt. BMW has signed a 2 billion euro contract with Swedish mobile battery manufacturer Northvolt to secure the source of its upcoming electric models as the festival of key pieces heats up. The high-end automaker, which has already spent 10 billion euros on mobile battery contracts with CATL from China and Samsung SDI from Korea, said the order will run from 2024, when Northvolt’s Skelleftea plant is expected to increase its capacity. BMW added that it would work with Northvolt to obtain raw fabrics for mobile production, adding cobalt and lithium, “from mines that meet the main sustainability criteria of both companies.”
Albemarle (NYSE: ALB)
On July 14, Albemarle announced:
Albemarle Corporation announces a dividend. The Board of Directors of Albemarle Corporation announces that it has declared a quarterly dividend of $0.385 consistent with the stock. The dividend, which has an annualized rate of $1.54, is paid on October 1, 2020 to shareholders registered at the close of September 18, 2020.
Sociedad Química y Minera S.A. (NYSE: SQM)
Not for the month.
Investors can see the company’s latest presentation here.
Jiangxi Ganfeng Lithium [SHE: 002460] [HK: 1772], Mineral Resources [ASX: MIN], International Lithium Corp. [TSXV: ILC] (OTCPK: ILHMF)
On July 20, Mineral Resources announced:
Mineral Resources Limited 2020, year-round effects – date. Mineral Resources Limited will have its annual effects of 2020 [FY20] on Wednesday, August 19, 2020.
(Chengdu) Tianqi Lithium Industries Inc. [SHE: 002466]
On July 2, Tianqi Lithium Industries Inc. announced:
Tianqi Lithium donated 60 tons of disinfectant and glasses to help save it from pneumonia and coronavirus.
Livent Corp. (LTHM) [GR: 8LV] – FMC Corp. Split. (NYSE: FMC)
On June 23, Livent Corp. announced:
Livent announces the value of the personal placement of $225 million of senior convertible notes of the 2018 Green Bond Principles of the International Capital Market Association. Livent Corporation announced the value of $225 million in general capital of senior convertible notes at 4.125% maturing in 2025 (the “green notes”) as a component of a personal offering (the “Offer”) to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Livent also gave initial green ticket buyers a 13-day option to purchase up to an additional $33.75 million in total capital in dollars. The sale of green banknotes to initial customers is expected to close on June 25, 2020, subject to the standard final conditions, and is expected to yield approximately $217.8 million (or approximately $250.6 million if first-time buyers exercise their Green Notes purchase option in full) in net income for Livent after deducting the original customer reduction and it is estimated that a payout will be offered through Livent.
The timing of Livent’s 2020 quarter effects release and the Webcast callArray convention … Thursday, August 6, 2020, after the inventory market closes PR Newswire and the company’s website.
Orocobre [ASX: ORE] [TSX: ORL] (OTCPK: OROCF)
On June 25, Orocobre announced:
Sales of the June of Olaroz. Orocobre Limited indicated that, following a review of completed and expected sales for the June quarter, the total sales volume is expected to be approximately 1,600 tonnes of lithium carbonate. The value of the products is expected to be approximately US$4,015/tonne FOB. COVID-19 restrictions limited the ability of Olaroz and its consumers to close sales during the quarter. While maximum logistical problems have now been resolved, product delivery has not yet returned to normal as consumers delay shipments due to declining production and excess inventory.
Future catalysts include:
You can read the most recent presentation here.
Galaxy Resources [ASX: GXY] (OTCPK: GALXF)
On July 7, Galaxy Resources announced:
Sal de Vida goes to the design phase …………… Galaxy remains in a solid position to execute its expansion strategy countercyclically and respond to the expected increase in lithium demand.
On July 13, Galaxy Resources announced: “Extended multiannual levies for long-term visitors to the Sichuan Yahua Industrial Group.” Highlights include:
Altura Mining Limited takes note of Civmec Limited’s announcement on 17 July 2020 concerning legal action against Altura’s subsidiary, Altura Lithium Operations Pty Ltd, in connection with the structure of a processing plant and installation paints in the Pilgangoora Lithium Altura project. Civmec was awarded civil engineering, structure, production and commissioning in 2017. Manufacturing and structure amounted to a general contract price of approximately $64 million. To date, Altura has provided Civmec with $61.55 million for these paintings. Due to the delay in the final touch of the paints, the height position is that damages of at least $2.35 million are paid through Civmec in accordance with the contract. Altura exercised its rights to compensate for damages paid through Civmec as opposed to the qualifying qualifying amount payable and security deductions ($2.4 million in total) and paid Civmec the balance, adding interest.
Altura Mining achieves a quarter of sales
The source
Investors can read a corporate presentation here.
AMG Advanced Metalurgical Group NV [NA: AMG] [GR: ADG] (OTCPK: AMVMF)
On June 21, AMG Advance Metallurgical Group NV announced:
AMG Advanced Metalurgical Group N.V. calendar up to 2020 quarter results … Tuesday, July 28, 2020 Array …
Catalysts to come:
2020 – Lithium projects in Zeitz, Germany and Zanesville, Ohio in the planning phase.
Update on the lithium-ion battery recycling joint venture. The developer of the Neometals Ltd project confirms an extension of the era of exclusivity to allow the termination of final legal agreements for the incorporation of the lithium-ion battery recycling joint venture (“LIB”) with the German company SMS Group GmbH (“SMS”) . According to a binding Memorandum of Understanding (“MoU”), Neometals has granted SMS an era of exclusive due diligence to compare and negotiate the incorporation of a JV 50:50 to commercialize Neometals technology ……. The resolution date for the formation of the JV on 30 June 2020 has now been extended by one month, with the implementation of the JV shareholders’ compact scheduled for or before Friday 31 July 2020. Neometals has accepted the appliance segment of the Conminution segment of the US manufacturers’ demonstration plant. The device has been rated as EU compliant and shipped to Germany.
Lithium Americas [TSX: LAC] (LAC)
On July 6, Lithium Americas announced:
Lithium Americas confirms positive cases of COVID-19 in Cauchar-Olaroz and temporarily suspends construction. On the afternoon of July 3, two staff members tested positive for COVID-19. These personnel are asymptomatic, fit and benefit from preventive quarantine. In response, disinfection, quarantine and testing activities were implemented on the site using polymerase chain reaction tests (“PCR”), as well as all other required movements in accordance with the COVID-19 suitability and quality protocol.
Catalysts to come:
Trend reversal
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