Tesla is jumping back to 500 dollars after the 5-1 split on S&P decision and "Argentina hints at incentives for lithium investment". We have another hope for Argentina that common economic sense will prevail and this great opportunity will not be wasted. Daniel Politi from Argus is reporting:
"Argus: Argentina hopes to catapult annual lithium carbonate production to more than 230,000t by the end of 2022 from a current 40,000 t/yr.
The fivefold increase would boost the value of Argentina's lithium exports to more than $1bn, from just $190mn last year, according to Argentina's mining secretary Alberto Hensel.
The ambitious estimate hinges on $1bn in investment over the next three years, Hensel said.
Fresh off another sovereign debt restructuring, Argentina's government has set up a roundtable tasked with drawing up a 30-year mining plan.
"Argentina needs to strengthen projects that lead to exports, and mining is part of that solution," said planning minister Matias Kulfas.
Hensel pledged that the government would analyze investment incentives, including a possible exemption for profit repatriation. "We must guarantee that companies have access to export revenue," he said."
The most important now will be that any prohibitive and restrictive policies of any kind do not interfere with the powerful market forces. We have the coming tsunami of surging demand for electric cars after Tesla's earthquake for the auto industry.
The Switch is here when millions of people are literally switching to electric cars. All major automakers chasing Tesla and Wall Street is in love with all EV dream makers. Secure supply of Lithium is at the core of this energy rEVolution which will affect $12 Trillion industries of Energy and Transportation.
The proud people of Argentina are hungry for the real work and can build this great nation into the Power House for The Switch and Energy Transition supplying Copper, Lithium and other strategic materials. The next step will be to build the manufacturing base for the Energy rEVolution in Argentina.
All we need now is the rule of law and that common economic sense will prevail over any myopic games with politics. The games are over. This kind of opportunity comes only ones for every generation. The global village is over. It is time for Argentina to claim its place at the table of the fast-developing nations in the 21st century. The demand is here, the capital can be available, all we need now is stability and wise economic policies which will allow building the new manufacturing base in South America providing new jobs opportunities to the millions.
"TNR Gold is plugged into the Tesla Energy rEVolution with our NSR Royalty Holding on Mariana Lithium JV under the management of this giant from China.
Ganfeng proposed USD $25 million budget for Mariana Lithium in 2020 and "The feasibility study on Mariana Lithium was completed in 2019, and environmental assessment and construction of the project are planned to be conducted," as it has stated in Ganfeng Lithium 2019 Annual Report.
Ganfeng Lithium has provided a further update on Mariana Lithium in 2020 Interim Report: "The feasibility study of Mariana Project in Argentina was successfully completed in 2019, and environment assessment, pilot scale test, and design of plant construction are being launched to the project."
Tesla rEVolution And "The Art Of War": Just Rub Table Salt In Lithium Producers' Wounds To Lock In Cheap Lithium Supply.
"Whether Elon Musk really has the magic "table salt" which you can add to the Lithium clay deposits and get the shiny Teslas coming from another side of the hills in the USA remains to be seen. What is for certain now is that Elon has perfected "The Art of War" in order to get the best deals for his Tesla rEVolution. It looks like in order to make the best deals and lock in the lowest prices for secure Lithium supply chains you just need to rub some table salt in the wounds of struggling Lithium producers." Read more.
Argus Media:
Argentina hints at incentives for lithium investment
"Argentina hopes to catapult annual lithium carbonate production to more than 230,000t by the end of 2022 from a current 40,000 t/yr.
The fivefold increase would boost the value of Argentina's lithium exports to more than $1bn, from just $190mn last year, according to Argentina's mining secretary Alberto Hensel.
The ambitious estimate hinges on $1bn in investment over the next three years, Hensel said.
Fresh off another sovereign debt restructuring, Argentina's government has set up a roundtable tasked with drawing up a 30-year mining plan.
"Argentina needs to strengthen projects that lead to exports, and mining is part of that solution," said planning minister Matias Kulfas.
Hensel pledged that the government would analyze investment incentives, including a possible exemption for profit repatriation. "We must guarantee that companies have access to export revenue," he said.
He also suggested that Argentina could impose a system of "progressive" export taxes to charge lower rates at the beginning of a new development to ensure companies can make a return on their initial investment more quickly. Lithium currently pays an export tax of 8pc.
Argentina, which is among world's top four lithium producers alongside Australia, Chile and China.
Argentina had hoped the mining sector would grow exponentially this year, but bleak macroeconomic conditions and pandemic restrictions dashed expectations.
Mining exports including lithium, gold and silver will decline by 25pc this year and will likely end the year at around $2.4bn, Hensel said, while investments in the sector will fall from $240mn last year to around $160mn in 2020.
Argentina has the world's third-largest lithium reserves and is nestled in the "lithium triangle" that also includes Bolivia and Chile.
Two lithium developments are in production and two others are under construction. Another 10 are undergoing a preliminary economic assessment. If all the projects move forward it would imply total investment of $5.4bn.
US firm Livent operates the Fenix mine in northern Catamarca with a current capacity of 22,500 t/yr of lithium carbonate equivalent (LCE). The mine is undergoing an expansion to 28,500 t/yr LCE in 2021. Australia's Orocobre runs a 17,500 t/yr joint venture with Japan's Toyota Tsusho and provincially owned Jujuy Energia y Mineria Sociedad del Estado (JEMSE) in northern Jujuy province, with a plan to boost capacity to 42,500 t/yr next year.
Minera Exar, a joint venture between Lithium Americas and Ganfeng Lithium, is currently developing a separate Jujuy mine with projected capacity of 50,000 t/yr of LCE, while Australia's Rincon is targeting a 50,000 t/yr project in northern Salta province, according to Argentinian government data.
No comments:
Post a Comment