We have more reports about the construction progress at Mariana Lithium Project coming from Salta, Argentina. Clipping Minero reports: "Ganfeng is about to start work on the plants planned for the Salar del Llullaillaco and the Gemes Industrial Park. It will invest close to US$600 million".
Salta | Proveedores locales piden pista en un proyecto de litio
"Ganfeng está próxima a iniciar las obras de las plantas previstas en el Salar del Llullaillaco y el Parque Industrial de Güemes. Invertirá cerca de US$600 millones.
Una de las mayores inversiones mineras previstas en la Puna salteña cobró impulso en las últimas semanas con una licitación internacional que la compañía Ganfeng Lithium abrió para avanzar con las obras de infraestructura del proyecto Mariana.
La empresa china volcará cerca de 600 millones de dólares en una planta de extracción proyectada en el Salar de Llullaillaco y en otra que procesará hasta 20 toneladas anuales de carbonato de litio para su exportación en el Parque Industrial de General Güemes.
El megaproyecto despertó gran interés en las cámaras locales que agrupan a proveedores mineros y empresas de la construcción, que pidieron ser tenidas en cuenta." Clipping Minero.
Lithium price goes up first and a new stable secure supply of Battery Grade Lithium will be coming much later after many years of development. The industry might and investments of Billions of dollars are only the start, each lithium project is a unique "chemical soup" and only a few companies in the world have a "Know-How" to unlock the potential of new projects and reach the "Number Plate" - Battery Grade Lithium quality and announced capacity of annual production. "Skyrocketing lithium prices unlikely stabilise soon", says Ganfeng Chairman and now you can understand why.
Those who started many years ago will rip the rewards of the massive margins driven by the price premiums first. They are consolidating their positions now with this wave of M&A hitting the lithium industry. Smart money controls bottlenecks. Now you can better understand our GEM Royalty Story.
TNR Gold has found our lithium in Argentina a long time ago. Now Ganfeng Lithium is building the giant Mariana Lithium Brine Project with its US$600 million investment plan. Our Company is plugged into Tesla Energy rEVolution with NSR Royalty Holdings on the entire Mariana Lithium Project and Los Azules Copper, Gold and Silver Project.
"Ganfeng has gained a lot of experience while building up with Lithium Americas Cachari-Olaroz Lithium Project into the production stage. They became not only one of the largest lithium companies in the world but the authority in the industry which requires a deep understanding of the best available extraction technology and its successful implementation process. Every salar is a unique chemical soup, which requires the exact recipe to produce the best results.
Ganfeng has this unique "Know-How", technology and capital to move things fast now in Argentina. US$600 million investment plan, including solar power plant to power the operations, gained praise from the Governor of Salta. All green lights to go into construction were issued by local authorities and REMSA after Environmental Impact Report was approved for 20,000 T of LCE lithium chloride production."
On the links below you can find more information about TNR Gold, our assets and learn more about the lithium market. As usual, make your own research, stay safe and prosper. Join rEVolution!
Beautiful Argentina And Lithium - The Divine Match Made In Heaven. Rio Tinto Joins Lithium Race, Buys Rincon Brine Project For US$825 Million
Argentina has everything to become the Power House of the Tesla Energy rEVolution. Its proud people deserve now wise leaders who can nurture and grow this generational investment opportunity. Beautiful Argentina and lithium - the divine match made in Heaven.
May our Christmas wish for all proud people of Argentina come true and manifest in health and prosperity. International majors are ready to invest capital, bring so much needed jobs to the thousands of skilled workers and build the supply lines for Energy rEvolution.
Companies like Ganfeng Lithium and McEwen Mining are investing many millions of dollars to bring giant projects like Mariana Lithium and Los Azules copper, gold and silver into the next stage of development. Now Argentina receives one more vote of confidence in its future. Rio Tinto joins the lithium race with the lithium giants like Ganfeng and buys Rincon Brine Project for US$825 million.
"LONDON--(BUSINESS WIRE)-- Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project [1]in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million.
The acquisition demonstrates Rio Tinto’s commitment to build its battery materials business and strengthen its portfolio for the global energy transition.
Rincon is a large undeveloped lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina, an emerging hub for greenfield projects. The project is a long life, scaleable resource capable of producing battery grade lithium carbonate. It has the potential to have one of the lowest carbon footprints in the industry that can help deliver on Rio Tinto’s commitment to decarbonise its portfolio.
Rio Tinto Chief Executive Jakob Stausholm said “This acquisition is strongly aligned with our strategy to prioritise growth capital in commodities that support decarbonisation and to continue to deliver attractive returns to shareholders. The Rincon project holds the potential to deliver a significant new supply of battery-grade lithium carbonate, to capture the opportunity offered by the rising demand driven by the global energy transition. It is expected to be a long life, low-cost asset that will continue to build the strength of our Battery Materials portfolio, with our combined lithium assets spanning the US, Europe and South America.”
(Rio Tinto)
ReTail loves to chase everything that moves up these days. Brave, fearless people "have seen it all" by their mid-20s, they are going "all in" and accumulating bagsand memories about promised LAMBos. But the real fireworks start when big boys are FOMO on Energy Transition and electric cars.
Trading Economics
Lithium prices are skyrocketing and smashing one all-time high record after another. Lithium prices went literally through the roofs of the empty warehouses in China and hit a new all-time high record at US$35,500 per T just before Christmas Day.
Fireworks are here, but a lot of boardrooms are far from cheer this time. The dreams to survive "The End of the ICE Age" for many legacy automakers are under threat after Tesla has shattered their cosy corporate world into a thousand pieces.
The premium customers are not buying "Clean DIEsel" anymore, they demand the best electric cars available. Pumping of the GM as a "leader of electrification" brings only one sobering realisation about Digital Divide: legacy automakers have only started their journey chasing stable supplies of safe and efficient lithium batteries.
Supply chains are not ready. All stability of the US$12 Trillion dollars of the inverted Pyramid of Energy and Transportation Sectors depends on the security of supply provided by the lithium market with a size of less than US$4 Billion dollars by sales in 2020.
The tsunami wave after the Tesla earthquake has shattered all ICE legacy automakers is hitting the very small market of specialised lithium chemicals products. Price shocks for Battery Grade Lithium were imminent.
Lithium price goes up first and a new stable secure supply of Battery Grade Lithium will be coming much later after many years of development. The industry might and investments of Billions of dollars are only the start, each lithium project is a unique "chemical soup" and only a few companies in the world have a "Know-How" to unlock the potential of new projects and reach the "Number Plate" - Battery Grade Lithium quality and announced capacity of annual production. "Skyroketing lithium prices unlikely stabilise soon", says Ganfeng Chairman and now you can understand why.
Those who started many years ago will rip the rewards of the massive margins driven by the price premiums first. They are consolidating their positions now with this wave of M&A hitting the lithium industry. Smart money controls bottlenecks. Now you can better understand our GEM Royalty Story.
TNR Gold has found our lithium in Argentina a long time ago. Now Ganfeng Lithium is building the giant Mariana Lithium Brine Project with its US$600 million investment plan. Our Company is plugged into Tesla Energy rEVolution with NSR Royalty Holdings on the entire Mariana Lithium Project and Los Azules Copper, Gold and Silver Project.
"Ganfeng has gained a lot of experience while building up with Lithium Americas Cachari-Olaroz Lithium Project into the production stage. They became not only one of the largest lithium companies in the world but the authority in the industry which requires a deep understanding of the best available extraction technology and its successful implementation process. Every salar is a unique chemical soup, which requires the exact recipe to produce the best results.
Ganfeng has this unique "Know-How", technology and capital to move things fast now in Argentina. US$600 million investment plan, including solar power plant to power the operations, gained praise from the Governor of Salta. All green lights to go into construction were issued by local authorities and REMSA after Environmental Impact Report was approved for 20,000 T of LCE lithium chloride production."
On the links below you can find more information about TNR Gold, our assets and learn more about the lithium market. As usual, make your own research, stay safe and prosper. Join rEVolution!
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