TradingCharts
3 weeks ago
Yep, mine just started right after I posted thank you.
This is the one chart that matters.
https://tradingeconomics.com/commodity/lithium
This probably casued the down trend this week for lithium price.
I hope they sold it to Tesla
Exclusive: Northvolt seeks to sell redundant battery materials to raise cash, sources say
By Pratima Desai and Marie Mannes
October 10, 2024
It will now focus on large-scale battery cell manufacturing, and its decision to halt production of cathode active materials (CAM) at its gigafactory in Sweden means stocks of raw materials nickel sulphate and lithium hydroxide are now redundant.
The decision has been made to sell the stockpile to raise cash, one of the sources said.
A second source said the raw materials have a relatively short shelf-life, adding urgency to the sale.
https://www.reuters.com/markets/commodities/northvolt-seeks-sell-redundant-battery-materials-raise-cash-sources-say-2024-10-10/
TradingCharts
1 month ago
Tesla forgets about electric cars and experts are shocked: the mega-plant it has just built for this futuristic equipment
by Daniel G. September 16, 2024
https://www.eldiario24.com/en/tesla-lithium-cars/296/
Tesla’s lithium refinery, the project that has the U.S. on edge
Tesla is constructing a massive lithium refinery in Texas that will process raw ore material into battery-grade lithium hydroxide. The 10,000-acre site is located next to the Colorado River near McCommas Bluff, approximately 25 miles outside of Austin.
This lithium refinery will be the largest in North America once operational, and has the capacity to produce over 100,000 tons of lithium hydroxide per year. To put that into perspective, Tesla’s current lithium suppliers produced around 150,000-200,000 tons globally in 2021.
So this single refinery will have the capability to double the world’s supply of battery-grade lithium. The construction site is a hive of activity, with multiple buildings spanning millions of square feet.
Heavy machinery prepares the land and lays the foundation. It’s clear from the scale of this project that Tesla is thinking big and planning for massive growth in lithium-ion battery production.
Attention to what Tesla intends to do with its lithium refinery: Elon Musk is clear about it
Tesla’s lithium refinery will allow the company to better control its supply chain from start to finish. By mining raw lithium and refining it themselves, Tesla cuts out the need for third-party suppliers.
This vertical integration gives Tesla end-to-end control and helps ensure reliable access to a key component for electric vehicle batteries. Owning the entire production chain for refined lithium supports Tesla’s rapid growth plans for EV manufacturing.
As demand for electric cars continues rising globally, vertical integration buffers Tesla against potential lithium supply crunches. Controlling their own supply chain also allows Tesla to innovate on refining processes and reduce costs over the long-term.
Overall, Tesla’s lithium refinery exemplifies the company’s strategy of vertical integration. By owning more of the lithium production process, Tesla gains supply stability, cost advantages, and flexibility to meet their ambitious EV production targets.
The truth is that, after thinking about a lithium Tesla, we have little left to see from electrics. In fact, Elon Musk himself acknowledged that his company was going to explore projects that would seem unbelievable to the American consumer, accustomed to this brand as it is. Don’t you think that the next models could be even more futuristic?
TradingCharts
2 months ago
Lithium stocks surge as Chinese giant suspends major mine
By Kerry Sun
Wed 11 Sep 24
https://www.marketindex.com.au/news/lithium-stocks-surge-as-chinese-giant-suspends-major-mine
Major lithium and battery manufacturer CATL has officially announced the suspension of its lithium lepidolite operation in Jiangxi. While rumors of CATL cutting or suspending lithium production in Jiangxi have circulated before, UBS expresses higher conviction this time. According to their channel checks with several contacts, CATL made the decision to suspend operations after a meeting on September 10.
lepidolite is the lowest grade of lithium out their it is the only lithium type China has it cost about $11k to $17k a ton to process.
Is this the turning point for the lithium prices? I hope so.
Copilot
The cost of producing lithium carbonate from lepidolite is relatively high compared to other sources. In China, it costs between 80,000 yuan ($11,230) and 120,000 yuan ($16,860) to produce one tonne of lithium carbonate equivalent (LCE) from lepidolite1. This is significantly higher than the cost of extracting lithium from brine deposits or spodumene, which ranges from 40,000 yuan to 60,000 yuan per tonne1.
Given these high production costs, lepidolite-based lithium production is often less economically viable, especially when lithium prices are low. This has led to some producers cutting back on lepidolite-based production to balance supply and demand
Be watching this close.
https://tradingeconomics.com/commodity/lithium
SPARK
2 months ago
SYAXF .019 - News -
Sayona Mining Limited (ASX:SYA) Moblan Mineral Resource increases 81% to 93Mt
Brisbane, Aug 27, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) announced today the results from updated Mineral Resource Estimates (MRE) at its Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating t he potential of this highly strategic asset.
Sayona has significantly expanded its Canadian lithium resource base with this updated JORC Mineral Resource estimate for the Moblan Lithium Project. Results from the updated MRE reinforce the project' s status as the centrepiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec.
Sayona now has a total estimated JORC Measured, Indicated and Inferred Mineral Resource of 93.1 million tonnes @ 1.21% Li2O at a cut-off grade of 0.55% Li2O ( Table 1). For comparison to the previous MRE (17 April 2023), the tonnage at a cut-off grade of 0.25% Li2O is 107.7Mt @ 1.10% Li2O, an increase of 52% from 70.9 Mt @ 1.15% Li2O.
Approximately 70% of the total tonnage is in the higher confidence M easured and Indicated categories. The mineral resources are constrained by the claim limits and within a resource level conceptual pit shell.
The substantial increase in mineral resources at Moblan reflects the addition and integration of all the drilling results from the 2023 program (addition of 368 drillholes for 75,022 m) and from a major revision of the geological model (Figure 1).
Sayona has commenced further testing the extent of mineralisation through 70,000 m of additional drill ing to be completed by the end of 2024. This drilling will continue to utilise Flow Through Shares funding that was raised in March 2023 specifically for exploration and resource definition drilling as allowed under the Income Tax Act (Canada) (refer ASX release 7 March 2023).
Sayona's Managing Director and CEO, Lucas Dow commented, "The significant expansion of our Moblan Lithium Project's resource base is a testament to Sayona's commitment to unlocking the full potential of our assets in t he Eeyou-Istchee James Bay region. Increasing the total resource to 93.1 million tonnes at 1.21% Li2O represents a substantial enhancement of our strategic position in the North American lithium industry.
"The 59% increase in Measured and Indicat ed categories, now totalling 65.1 million tonnes at 1.25% Li2O, provides a strong foundation for the future conversion of these Mineral Resources into Ore Reserves.
"Looking ahead, the planned 70,000 metres of drilling in 2024 will further test t he extent of mineralisation. As we continue to invest in exploration and development, we remain focused on strategically growing our resource base to deliver value to our stakeholders and positioning Sayona as a leading North American lithium produce r."
Moblan JORC Mineral Resource Estimates Statement
The MRE was prepared in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code") and comply with the JORC Code disclosure. The breakdown of MRE results by zone (pegmatite domain) and by category is shown in Table 1.
The updated mineral resource block model covers an area of 2,350m strike length and 1,250m width, extending to a depthof 350m b elow surface. The mineralisation model consists of seven lithium pegmatite dykes modelled as the Main dykes, 13 as the South dykes, 13 as the New South domain and 10 as the Moleon dykes, for a total of 43 lithium pegmatite dykes in the project's geol ogical model (Figure 2). Moblan 2024 MRE includes all available data on the Project including extensive additional drilling coverage from the 2023 exploration program. The MRE database includes 49,910 assay data from 771 surface drill holes (130,633m ), drilled between 2002 and the end of 2023, and 10 surface trenches sampled between 2004 and 2009 (Figure 3).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/039FC1P3
WEB: Moblan Mineral Resource increases 81% to 93Mt
About: Sayona Mining Limited
Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
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