From 20/3/23
"...Metallurgical testwork done by Geolabs Global, an independent test facility in South Africa has identified a process that could produce a lithium concentrate suitable for buyers' specifications in industrial and battery feedstock markets..." |
Note: technical grade specifically stated. The flotation test work at Anzaplan, a metals specialist in Germany, on pre-concentrated samples has consistently achieved technical grade, and the testing of alternative reagent regimes is ongoing. |
How do I know it's not battery grade?They've been saying for years the Lithium is for ceramics. Do you not read? Here is an extract from an article for you, it's not about grades, it's purity. When it comes to lithium production, not all lithium carbonate is created equal, and end products must meet specific requirements to be used in different applications. For example, battery-grade lithium carbonate can be used to make cathode material for lithium-ion batteries, but most contaminants must be removed in order for the material to be considered battery grade.Technical-grade lithium carbonate is cheaper than battery-grade material, but such products must have very low concentrations of iron to make the cut for end users. This type of lithium is used in applications for glass and ceramics. |
I have to say waiting for this strategic partnership deal, feels like a lifetime. |
That's why artisinal miners all around Andrada's blocks are digging up raw ore and shipping it in containers to China... |
Talk is lithium will be going in to oversupply for the next couple of years. I'm not expecting an amazing deal, but I do expect a deal. |
C&P X
Andy@Blowster85 58m
#ATM -
Is this the week we come to a conclusion of the bidding process for the Strategic investor?
Will likely be a gamechanger for ATM when secured |
NicosEvos 26 Sep '23 - 06:57 - 558 of 632 Edit
What's going on with Lithium, now down to $22,306 USD/MT
Still going down!
$20,892. -$69. (-0.33%)
Nov 03, 2023 |
thats been the pattern the last 6 weeks or so, prob nothing unusual but dont know how they handle them tbh |
A few rather large trades. Leaky? |
How do you know it is not battery grade? |
Interesting trades this morning. Maybe the market suddenly realised that what the company has said re usage for the lithium and battery markets still holds true?
Must be due for an update on the partner process soon. Will the sums involved be "eye watering". Lets hope so. |
Paul. Typical lithium mining grades are between 0.9% - 1.6%
I then looked at ATMs rns for Lithiun ridge 6th September 23, and the average grade was 1.45%
Plus there’s about a squillion tons of it. |
The market is suddenly realising the lithium here is only pure enough for ceramics, not battery grade. |
This gives you some idea of what can happen when you're in the right place at the right time.
TDT
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Namibia’s government has ordered police to stop Xinfeng Investments from transporting lithium ore inside the country and from exporting it, accusing the Chinese miner of violating the country’s ban on critical raw mineral exports.
More pressure to process in-country.
It would sort of make sense to have a mining consortium build a processing facility for the mining offtakes rather than everyone try to go it alone. |
I find it pretty difficult to get my head around and understand the multi-variables that a miner has to cope with to determine the economics of its ore let alone the uncertainty of the resource base in the context of lithium extraction.
One thing certain is that "hard rock" lithium extraction is complex depending on the various ore types, their characteristics, processing systems and parameters and, relative to commodities like copper or iron ore, the opacity of end market pricing.
My guess is that there will only be relative certainty when the pilot plant results come in and have been analysed and dissected. Unless I understand this I'm in watch-and-wait mode with my initial stake. |
Don't be fooled by hopes and dreams. The lithium, quite simply, isn't very good. |
Feel free to edit your post to add back in the paragraph you didnt paste. Why leave it out?
They are working on proving up the process for battery manufacturing. In the interim they are selling to the ceramics market. |
"believes" |
Maybe because of the next section that you omitted?
The Pilot Plant is also targeted to produce a minimum of 2 400 tpa of saleable concentrate for glass-ceramics off-takers. To date, the Company has sent high purity petalite concentrate produced off-site to several potential customers and discussions to conclude an initial sale of lithium product are advanced. The Company believes that the concentrate is also potentially suitable as feedstock for lithium refineries producing lithium carbonate or lithium hydroxide for the battery manufacturing industry. |
Why are they going on about EVs? The lithium is only suitable for ceramics industry. They tell you in the results. Lower purity, lower prices. to produce a minimum of 2 400 tpa of saleable concentrate for glass-ceramics off-takers. To date, the Company has sent high purity petalite concentrate produced off-site to several potential customers and discussions to conclude an initial sale of lithium product are advanced. |
 Extracts
"And whether or not electric vehicles are ultimately powered from burning coal or harnessing solar and wind, they'll all still need lithium.
China already has more electric vehicles than anywhere else, and a combination of subsidy, soft coercion, price competition, and genuine consumer satisfaction look set to keep the market there buoyant.
So don't count lithium out quite yet. In fact, the current low prices could well represent the last major opportunity to buy on the dip before the permanent re-rating that will arrive when petrol vehicles are phased out for good."
"In the USA, Bradda Head (2.5p) has a swathe of projects, in Europe, European Metals Holdings (33.5p) is well positioned in Central Europe, while Savannah Resources (3.4p) has a major project out west in Portugal. And in Africa, Kodal Minerals (0.45p) , Atlantic Lithium (24.8p), and Andrada Mining (5.8p) all have sizeable assets.
What's more, many of these companies are either in, or close to, production, meaning that much of the risk that's traditionally associated with earlier stage mining companies has now been priced out.
So, they have much to recommend them, both individually, and as a group. First off, they've all suffered downward pressure on their share prices because of the weaker lithium price.
And that pressure won't be around forever. Second – although it may look bad in lithium mining at the moment, it's a lot worse in other parts of the mining sector." |
I agree with that statement, but the tin only supports the operation, if the prices stay at a certain level, if they don't we will be running at a loss? |
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