Tesla Energy rEvolution has achieved another momentous milestone. China's year-to-date NEV production surpassed the 10 million electric vehicles mark on November 14, 2024.
"China's year-to-date new energy vehicle (NEV) production has surpassed the 10 million-vehicle mark, marking the first time annual production has crossed the milestone.This morning, China's annual NEV production surpassed 10 million units for the first time, becoming the first country in the world to reach 10 million units of NEVs annually, state broadcaster CCTV said in a report citing the China Association of Automobile Manufacturers (CAAM). (CnEVPost)
Electric cars are taking over our streets one by one. China leads the Energy transition where sales of the legacy auto brands are collapsing and NEV sales are back on their parabolic curve.
"Chinese lithium carbonate spot prices have rallied around 8% since late October and are now at a three-month high, while futures on the Guangzhou exchange have jumped 13% so far this week." (Bloomberg)
Ganfeng Lithium continues its advance from the bottom established in August and back-tested in September.
Energy storage will be driving the next chapter of Lithium demand and humanoid robots will be coming into the picture with every headline about the groundbreaking technological progress.
The latest generation of Optimus GEN III uses a 2.3 kWh, 52-volt Lithium battery with an energy density of 300 Wh/kg. I believe that Solid-State Lithium batteries will be used in future generations of humanoid Robots, these batteries can provide a much higher energy density of 400 Wh/kg now.
“Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said." (CnEVPost)
"For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Now we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology."
Ganfeng Lithium finished summer in style decisively announcing to the international markets that its share price is coming back to life. Industry insiders were not surprised by Mr Market's attention following the successful development of the giant Lithium projects in Argentina.
We had another set of positive news coming to all TNR Gold shareholders from the 13th International Seminar on Lithium in South America, organized in Jujuy by Panorama Minero. President of Ganfeng's subsidiary Litio Minera Argentina S.A., Jason Luo has confirmed that "the production phase will begin at the end of 2024".
Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares. Our transformation from the project generation junior mining company into the cash flow generating royalty company will bring the necessary catalyst for the market valuation of our assets.
"Argentine mining is attracting more and more foreign investment in the context of the energy transition. Despite low international prices, lithium remains at the heart of the industry, according to an international seminar held in Jujuy.Ganfeng Lithium plans to increase its production in Argentina and each of the 4 projects it intends to expand requires an investment of USD 800 million. The expansions would be carried out one by one, depending on the evolution of macro conditions.This was confirmed by the CEO of the Chinese company, Jason Luo, to Infobae within the framework of the 13th International Seminar on Lithium in South America, organized in Jujuy by Panorama Minero. The company, which has already invested USD 2 billion in the country, owns the Mariana lithium project in Salta, whose construction began two years ago. The production phase will begin at the end of 2024. Likewise, the Pozuelos-Pastos Grandes project is in its final stage of construction. “Our plan is to join the RIGI and start production next year,” said the executive.Incahuasi, for its part, is in the initial stage of advanced exploration. The Cauchari-Olaroz project is located in Jujuy, which will generate a production of 40,000 tons of lithium per year.“Each project can be expanded in two stages. Our current goal is to move them into production to bring more jobs to the community and generate more value for the industry,” Luo said. To carry out the expansions, which will be decided based on market conditions, an investment of USD 800 million is required for each of the projects.Asked about bilateral relations between Argentina and China following the arrival of President Javier Milei to the Casa Rosada and after several months of tension, Luo said: “I think the relationship is good. The Argentine government is open to business. Political relations are important...” (Infobae. Translated by Google)
"Ganfeng Lithium CEO in Argentina, during the Lithium Seminar in South America 2024, highlighted the global value proposition of the Chinese mining company, underlining the comprehensive participation in the entire lithium chain.
At the XIII South American Lithium Seminar 2024, organized by Panorama Minero, Jason Luo, CEO of Ganfeng Lithium in Argentina, opened the panel of speakers at a key event for the lithium industry. Moderated by journalist Fernando Heredia, Luo focused his presentation on the sustainability challenges facing the sector, highlighting the importance of adopting responsible practices in a context of growing global demand for this strategic mineral.Jason highlighted Ganfeng's global value proposition, underlining our comprehensive participation in the entire lithium chain. "We are not just a mining producer; we produce lithium, we use it and we understand the need to do so more efficiently. For the industry to grow healthily, it is essential to integrate each link in the industrial chain, which allows us to get closer to end users, since we ourselves are part of that process. We produce batteries and we also recycle them," he said.
One of the highlights of his speech was the development of the Mariana Project, a promising challenge facing the company. "This project is very ambitious and is located in a remote location, with no access to natural gas or electricity. Therefore, we are building one of the largest off-grid solar plants, designed to supply our entire chemical plant, and we are doing it with 100% Ganfeng technology," he explained.Regarding the new economic policies of RIGI in Argentina, Jason took an optimistic stance, emphasizing the importance of generating a new scenario that adds value to the industry. "It is crucial to have long-term solutions. We only undertake projects that we consider necessary to strengthen the industry. This involves increasing production and creating more jobs through close collaboration with our suppliers," he added.Finally, Jason discussed lithium extraction processes, highlighting the combination of the conventional method and DLE as a key innovation to reduce water consumption. This approach not only seeks sustainability, but also respects communities and the environment, reaffirming our commitment to a more responsible and sustainable future.
Mariana ProjectThe Mariana project is located in the Llullaillaco salt flat, approximately 430 kilometers from the city of Salta. 100% of the shareholding belongs to the Chinese company Ganfeng Lithium, and the operation is in charge of its subsidiary Litio Minera Argentina SACurrently under construction, the project is estimated to cost around US$600 million. Around 1,300 people would be employed directly and indirectly during this phase, according to Ganfeng.The Mariana project will be fully supplied with energy from an off-grid solar park, with part of it coming from solar panels and part from battery storage.In 2022, construction began on an industrial plant in the town of General Güemes, located in the center of the province of Salta, for the production of lithium chloride. To facilitate the process, a railway station will also be built to transport brine from the Llullaillaco salt flat to the plant. The estimated annual production capacity would be 20 thousand tons of lithium chloride and the project's useful life would be 25 years." (Salta Mining. Translated by Google.)
This news comes after China Railway Group completed the infrastructure part with Lithium evaporation pools of the Mariana Lithium Project in Argentina in May.
"On May 21, the Llullaillaco Salt Lake Project（Salar de Llullaillaco）in Argentina, undertaken by China Railway No.10 Engineering Group, completed its construction tasks ten months ahead of schedule, achieving smooth delivery. This venture marks CREC's first infrastructure endeavor in Argentina and is a significant milestone in developing Argentina's mining industry.The project, situated in the Mariana region of the Andes Mountains in the northwestern Salta Province of Argentina, boasts a cost of 1.35 billion yuan. It spans an area of 13.52 million square meters, encompassing the excavation of 745 cubic meters of earth and stone and the backfilling of 623 cubic meters. Additionally, it involves the installation of 1,461 square meters of geomembrane and geotextile. The construction site's highest elevation reaches 4,350 meters, presenting challenges such as intricate terrain, high altitude, harsh winds and sandstorms, snowstorms, challenging road conditions during the rainy season, and substantial cultural disparities between Chinese and Argentina constructors."
You can get a better understanding of the magnitude of the Mariana Lithium Project in the article from News ArgenChina:
"The Mariana project is located in the Mariana region of the Andes, northwest of the province of Salta, within the "Lithium Triangle" of South America.On May 20, the Mariana Salar Llullaillaco Project in Argentina, built by China Railway No.10 Engineering Group Co., Ltd., was successfully completed, 10 months ahead of schedule. This achievement represents a significant milestone not only for the company, but also for the local mining industry and the economic development of Argentina.Located in the Mariana region of the Andes, northwest of the province of Salta, the Mariana Project is situated within the well-known "Lithium Triangle" of South America, one of the richest areas of lithium reserves worldwide. The construction area covers a total of 13.52 million square meters, at a maximum altitude of 4,350 meters above sea level, which poses unique challenges in terms of logistics and construction.
About the projectWith the project's entry into operation, it is expected to reach an annual production of 20,000 tons of lithium chloride in its first phase . This increase in production will not only have a positive impact on the mining industry in the region, but will also generate a significant boost in local employment. The creation of new jobs in the province of Salta will contribute to improving the quality of life of its inhabitants and boosting the local economy.The project also promises to optimize the business model of the mining industry in the region. The construction of infrastructure associated with the project, such as access roads and basic services, will improve connectivity and living conditions in the area. This development not only benefits the mining industry, but also lays the foundation for future industrial and commercial projects in the region.The Mariana Project marks a significant step forward in China-Argentina cooperation in the fields of renewable energy and green development. Collaboration on this project strengthens bilateral ties and opens up new opportunities for future joint projects in key sectors. China Railway No.10 Engineering Group Co., Ltd.’s ability to complete the project ahead of schedule also highlights the company’s efficiency and commitment to quality and innovation.With information from CGTN." (News ArgenChina. Translated by Google)
We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.
On the links below you can find more information about TNR Gold's Royalty portfolio, potential valuations of TNR Gold's NSR Royalties and how the Mariana Lithium Project is moving into the production phase in Argentina.
TNR Gold NSR Royalty: "Ganfeng Lithium Continues to Advance the Construction of the Mariana Lithium Salt-Lake Project in Argentina and Plans to Conduct Trial Production by the End of 2024."
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