Matt Badiali – News Out Of The Lithium Space; Ford Securing Lithium Supply From Producers And Developers
Matt Badiali, Editor of the New Energy Investor newsletter published at Mangrove Investor joins us to recap some more noteworthy news out of the lithium space. Ford has been busy locking up long-term supply for use in future EV production. Matt shares more information on this news out of Ford in terms of where the auto maker is looking for supply and how it fits into government incentives.
Click here to visit the Mangrove Investor website to learn more about Matt’s New Energy Investor.
GM and Lithium Americas to Develop U.S.-Sourced Lithium Production through $650 Million Equity Investment and Supply Agreement
Tue, January 31, 2023
– Thacker Pass in Nevada is the largest known source of lithium in the United States
– GM to receive exclusive access to Phase 1 production
– Material sourced from Lithium Americas will help support EV eligibility for consumer incentives under the U.S. clean energy tax credits
Tesla And Talon Metals Enter Into Supply Agreement For Nickel
January 10, 2022
“This agreement is the start of an innovative partnership between Tesla and Talon for the responsible production of battery materials directly from the mine to the battery cathode. Talon is committed to meeting the highest standards of responsible production that is fully traceable and that has the lowest embedded CO2 footprint in the industry. Talon is excited to support Tesla’s mission to accelerate the transition to renewable energy,” said Henri van Rooyen, CEO of Talon.
Lithium Extraction Company Vulcan Adds VW To Customer Line-up
Reuters – December 8, 2021
“Lithium developer Vulcan Energy Resources (VUL.AX) has secured Volkswagen (VOWG_p.DE) as an additional car industry customer for its environmental-friendly lithium hydroxide for automotive batteries.”
“The binding purchase agreement with Volkswagen for lithium extracted from Germany’s Upper Rhine Valley region by means of geothermal energy has an initial term of five years with commercial delivery to start in 2026, Vulcan said in a statement on Wednesday, without providing contract details.”
Nice to see manufacturing companies partnering with Critical Minerals mining companies as an alternate source of capital support and company vetting.
OEMs Turn To Junior Miners To Secure Supply And Vertically Integrate
By Yasemin Esmen – Fast Markets – May 23, 2023
“There is a new crowd starting to appear. A mid-tier that is saying ‘I want to be relevant’,” according to Rob McEwen, president and chief executive officer of McEwen Mining, adding that larger miners or traders were no longer the only ones seeking to form mergers and acquisitions (M&A) with explorers or junior miners.
On March 9, the multi-national automaker Stellantis announced on that it had acquired a 14.20% stake in McEwen Copper to “be able to supply some of the projected copper demand starting in 2027.”
Joint ventures (JV) between original equipment manufacturers (OEMs) and junior miners have picked up recently.
“In North America, Stellantis signed a deal with the California-based lithium projects developer Controlled Thermal Resources and the US-based Piedmont Lithium has a supply agreement with the electric vehicle (EV) producer Tesla, while the US car-maker Ford announced in April that it was entering a JV for a nickel project in Indonesia. Tesla also has an agreement with nickel miner Talon Metals for nickel concentrate produced from the latter’s Tamarack Nickel Project in Minnesota.”
As the saying goes… “The trend is your friend.”
It is pretty clear to see the trend in Critical Minerals.
Several good articles on how our trusted bankers continue to be world-class criminals.
Ford Announces Key EV Minerals Deals Ahead Of Crucial Capital Markets Day
John Rosevear – CNBC – Monday May 22, 2023
“Ford Motor on Monday announced a series of new deals for the supply of lithium products in support of its ambitious plan to dramatically ramp up production of electric vehicles over the next several years. The automaker has said it plans to be producing EVs at a rate of 2 million per year by 2026.”