China will welcome Elon Musk with open arms to produce Tesla Electric Cars. Every time auto-maker moves into China, the J/V is established with local company controlling the enterprise. We are talking here about the transfer of the latest EV technology in exchange for the access to the largest auto-market in the world. All cars will be electric and China will lead this charge - I expect that China will become the largest market for electric cars next year. Now you can better understand, why so many Lithium Batteries Megafactories are being built in China and how International Lithium is positioned with Ganfeng Lithium as its strategic partner to participate in this coming tide. I will provide a few links for you to finish the puzzle.
"The Art Of War" In Lithium Race: China Starts Building Its Largest Electric Car Solar Charging Complex.
China excels even itself with the latest deals in UK. Learn "The Art Of War" in action. Pretend to be weak when you are strong, be strong when you are weak. Nicolo Machiavelli will be an altar boy in the cathedral of Sun Tzu. Who needs War when people are giving it all by themselves? While David Cameron is busy killing Solar and brings China to build Nuclear Reactors in the UK, Chinese are very smartly moving into the exactly opposite direction. They are buying what others are selling and selling what others are stupidly buying. If you missed it: China has installed more Solar Power generation capacity in 2014 alone than U.S. during the all its history! It is all part of the state-level plan to move into the post carbon society with another "Great Leap Forward" leapfrogging the Internal Combustion Engine Technology directly into Lithium EV space on the backs of the myopic politicians in the West. Domination in Lithium materials and lithium batteries markets is the part of this plan, China already controls 75% of Lithium Hydroxide, which goes into Tesla Batteries. Security of Lithium supply is the centrepiece of this master plan.
"Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”
I will add to my quote above the recent developments with Ganfeng Lithium in China:
"Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website."
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After very lengthy negotiations our Team at ILC has made another major transaction with Ganfeng Lithium - 1.2 Billion dollars market cap giant from China. Now we do not have hanging over our heads short term debt. We have established the long term credit facility with Ganfeng to finance our part of exploration costs on Mariana Lithium project with the maturity in 2024! Access to the capital in our sector will separate winners from the rest of the lithium racers. Now the project is ready for the major advance stage. We are finalising the corporate structure and budgets for these developments.
With all Volkswagen and DieselGate news shattering Europe, it comes as no surprise that electrification of our transportation is the only commercially viable way forward - as you already know, in my personal opinion. LG Chem was very quick to announce the Lithium Battery plant to be build in Europe. I am calling on Tesla to bring its next Gigafactory to Ireland with its great corporate tax incentives, highly educated competitive work force and very competent government which is ready to propel its economy into the post carbon world. It will not hurt as well if Apple will decide at some point to build in Ireland some production facilities for its own Electric iCar. Rumours are running wild with this one, so we will see what the future brings to us here.
It is not a secret for my followers, that Ganfeng Lithium is knocking very hard on the Europe's doors and supplies Lithium to a lot of customers already in EU. Our J/V with Ganfeng in Ireland: Avalonia Lithium project - has received the major approval from Ganfeng shareholders and we are working on the budgets for the next exploration season now. Read more."
"Information about our industry is slowly sipping in to the investors and people start to connect the dots: Tesla - Batteries - Lithium. A lot of surprises are waiting to be discovered now: first will be that China controls 75% of Battery Grade Lithium Hydroxide. Lithium market is very small and controlled by just few companies. Prices are already rising even before Tesla Gigafactory is coming on-line. Welcome to future, it is here and it is electric. Lithium is the magic metal which is at the very heart of this rEVolution. Read more."
China has announced "The War On Pollution". They have made Electric Cars The Strategic Industry. While we are here in the West were fed up by GMO in order to increase our acceptance of Shale Oil and its consequences like dramatically increased because of water pollution cancer rates and flaming water from the tabs; China has spent billions to secure the best Lithium Deposits, has built 75% of the world Lithium Hydroxide production facilities and leapfrog the ICE age straight into the post carbon EVs world powered by Solar.
"Joe Lowry provides us with another great insight into the Lithium Market. We have discussed before the growing importance of Lithium Hydroxide, which goes into NCA cathode - chemistry of choice started with Power Tools and now used by Tesla Motors. Joe Lowry adds few new pieces to the Lithium Batteries Supply Chain puzzle for Tesla Motors and other EVs makers today. Follow it closely - this is where bottlenecks are and tension is already pushing up Lithium Hydroxide prices.
Hedge Funds and Venture capital are going on the fishing trips Upstream now searching for the producers of components and materials which are going to supply the exponential growth of this rEVolution ignited by Elon Musk. China is happen to be the fastest growing strategic commodity supplier again here. 75% of battery Grade Lithium Hydroxide production is controlled by China now. International Lithium strategic partner Ganfeng Lithium has built state-of-the-art Lithium Hydroxide production facilities with 6,000 T/Y output in China. International Lithium is building the secure supply for Ganfeng Lithium and our two J/V projects in Ireland and in Argentina are financed by this Chinese giant. Read more."
Tesla Motors could begin producing cars in China in two years, chief executive Elon Musk said, adding that local production had the potential to slash the sales prices of its models in the world's largest auto market by a third.
Tesla's negotiations with officials on Chinese production have been quite encouraging and it is likely the company will cooperate with a local partner, Musk said, according to Chinese language transcripts of remarks made Thursday and Friday that were provided by the company.
Foreign automakers are generally required to establish a joint venture with a Chinese company to produce cars domestically.
The California-based automaker has struggled with weak sales in China, leading to job cuts this year. Domestic media has put the headcount reduction at 30 percent of its 600 staff.
The company, which does not regularly release China sales data, said in a release on Friday that it had sold 3,025 Model S cars in the country from January to September.
Musk also said Tesla is already working with Chinese Internet company Baidu on GPS navigation and automated driving.
He added that Tesla's giant $5 billion battery plant in Nevada, known as the "gigafactory" would produce its first batch of batteries next year, estimating that the plant would reach full capacity in two to three years."