Asiamet Resources Share Discussion Threads

[impvesta] 22/2/2018 14:06

""Peter Bird, Asiamet's Chief Executive Officer commented:

"This first batch of infill drill holes has exceeded our expectations...""

[arf dysg] 22/2/2018 14:05

Amazing grades, how sweet the sound
That saved my investment so rash.
I once was poor but now am rich;
Was skint, but now have cash.

[yorkie14] 22/2/2018 13:59

We are bouncing again!

[bobby1904] 22/2/2018 13:59

Amazing grades...!!

[yorkie14] 22/2/2018 13:43

Look at those grades 2.7%.

GLA

[gersemi] 22/2/2018 13:40

3 v 2

- got a few of these

[mr roper] 22/2/2018 08:45

Ars tweeting about Glencore and acquisitions

[hawks11] 22/2/2018 08:42

Glencore M&A Firepower Undimmed After $2.9 Billion Dividend

[mattjwhity] 21/2/2018 20:43

M&A article

[highly geared] 21/2/2018 13:32

So
BKM production 2020-30
Beutong production 2023-2040
BKZ est. 2022-32
As they say, timing is everything.....

[horneblower] 21/2/2018 10:46

Yes, most of that is true and I'm not hugely invested in ARS for nothing!

Yet there is no point in gilding the lily.

Amount of copper used in batteries...virtually nil (less than 1% of the battery's weight).
Amount of copper used in car bodies...nil.

Amount of copper used in electric motors...huge.
Amount of copper used in a car's wiring loom...huge.
Amount of copper used in infrastructure for charging cars...massively huge.

Bring it on.

[mount teide] 21/2/2018 10:20

I suspect the journalist who wrote the article meant within the vehicle rather than vehicle body.

All types of EV require a substantial amount of copper - it is used in batteries, windings and copper rotors used in electric motors, wiring, busbars and charging infrastructure.

EV's uses considerably more copper than traditional vehicles with internal combustion engines:

• Internal combustion engine: 23 kg of copper.
• Hybrid electric vehicle (HEV): 40 kg of copper.
• Plug-in hybrid electric vehicle (PHEV): 60 kg of copper.
• Battery electric vehicle (BEV): 83 kg of copper.
• Hybrid electric bus (Ebus HEV): 89 kg of copper.
• Battery-powered electric bus (Ebus BEV): 224–369 kg of copper

The EV Market and Its Impact on Copper: Source Copper Alliance

• By 2027, an estimated 27 million electric vehicles (including HEV, PHEV, BEV, Ebus HEV and BEV) will be on the road, up from 3 million in 2017.
• This will raise copper demand in EVs from 185,000 tonnes in 2017 to 1.74 million tonnes in 2027.
• In addition, each EV charger will add 0.7 kg of copper. Fast chargers can add up to 8 kg of copper each.


EV - copper rotor induction motors could be the future, since they are better then the permanent magnet motor in price, performance and reliability - and involve the use of no rare earth metals, whose future supply and price is considered problematic.

[dorset64] 21/2/2018 10:20

Well, I personally am taking the EV story to heart but thought, sod it, so bought a Maserati Levante instead lol

[mr roper] 21/2/2018 10:15

and more:

Automaker investment in EVs: $90 billion and counting
The rate at which automotive and battery companies have scaled up electric vehicle investment plans speaks to our opportunity as a supplier of key metals.

Global automaker investments now total more than $90 billion, with at least $19 billion attributed to the US, $21 billion to China and $52 billion to Germany.
Volkswagen alone plans to spend $40 billion by 2030 to build electrified versions of over 300 models.

Chinese automakers are ramping up focus on the EV story, while a number have announced investment partnerships with the likes of Ford, VW and General Motors.

[mr roper] 21/2/2018 10:14

From today's Glencore results:
"Energy and mobility transformation forecast to unlock material new sources of commodity demand. Commodity differentiation is increasingly important, and Glencore’s commodity mix is becoming less dependent on demand generated by infrastructure related investment in developing markets.

Accelerating electric vehicle adoption requires an energy and mobility transformation that is forecast to unlock material new sources of demand for the enabling underlying commodities including copper, nickel and cobalt.
We recently commissioned an independent study to gauge the potential incremental demand for these commodities under the Electric Vehicles Initiative scenario of 30% electric vehicle market share by 2030.

The findings suggest an additional 4.1Mt of copper, 1.1Mt of nickel and 314kt of cobalt supply will be required by 2030.
These potentially significant new demand sources offer compelling fundamentals, particularly when coupled with persistent supply challenges. "

[mr roper] 21/2/2018 10:09

2 DECEMBER 2017 COMMENT
Electric vehicle revolution to drive copper demand
By GlobalData Energy
SHARE
Electric vehicles require much more copper than conventional cars. Image courtesy of Plug'n Drive / Mariordo.

The global auto industry is shifting with the electric vehicle (EV) revolution as the market is rapidly changing supported by technology improvements, increased affordability and government incentives. The evolving market will have a substantial impact on copper demand, where supply will struggle to match upcoming demand.

Copper is essential for the efficient performance of all types of electric vehicles. A pure electric vehicle contains more than a mile of copper wiring in its stator windings. Besides its use in electric motors, copper is used in batteries as well as inverters, wiring and in charging stations, owing to its durability, malleability, reliability and superior electrical conductivity.

Copper-intensive electric vehicles

A typical EV contains 10 times more copper than a conventional vehicle. While conventional cars contain roughly 20 to 50 pounds of copper, a hybrid electric vehicle (HEV) typically contains 85 pounds of copper; a plug-in hybrid electric vehicle (PHEV) uses about 130 pounds of copper; and battery electric vehicles (BEVs) typically contain more than 180 pounds of copper. Moreover, a hybrid electric bus contains 196 pounds of copper, and a single battery electric bus contains a whopping 814 pounds.

In 2016, the number of electric vehicles increased to two million and the total is projected to reach seven million by 2025, with five million charge ports required to support them. It is expected that annual sales of plug-in electric vehicles alone will exceed one million in 2023, reaching more than 7% of annual sales by 2025. Chinese annual sales are expected to reach four million by 2020 and further expected to grow 30% by 2025.

The projected EV growth will significantly impact the copper market; demand is expected to increase from 185,000 tonnes in 2017 to 1.7 million tonnes in 2027.

The major advantage of electric vehicles is that they produce no carbon emissions. If the electric vehicle market grows as per industry predictions, they would eliminate the use of 13 million barrels of crude oil per day, accounting for 13% of global consumption, while using just 2,700 terawatt-hours of electricity, equal to 11% of global electricity demand in 2015.

Copper is a good conductor of electricity compared with any other base metal, and increases the efficiency and reliability of the vehicles. Copper use in technology could grow further as energy-independent vehicles that use solar photovoltaic systems enter the market. These vehicles also require considerable quantities of the red metal to operate. Demand for copper is projected to move closely with electric vehicle growth as it looks likely to become an important driver of copper demand in the near future.

[horneblower] 21/2/2018 10:01

The thing is, copper certainly and cobalt possibly, will be in greater demand due to electric vehicles...but NOT for the reasons described in that quote.
Car bodies use no copper or cobalt at all!
Car batteries use virtually no copper and MIGHT use more cobalt...but only if the prevailing battery technology goes in that direction, which it may well not.
Copper WILL be in huge demand due to the electric charging infrastructure...NOT the batteries themselves.
Journalists are trained in how to write sentences. They have no training in how to understand the underlying facts.

[yorkie14] 21/2/2018 09:45

HB, nice to be sitting on both sides of the fence with copper and cobalt!

[horneblower] 21/2/2018 09:42

Last paragraph...

..."copper and cobalt, both of which are expected to be in high demand for electric vehicle bodies" ???

Carbon fibre uses copper and cobalt?

[mount teide] 21/2/2018 09:36

Rising base metal prices propel Glencore's pre-tax profits to $6.9bn in 2017 from a loss in 2016. Debt fell by a third as, like many major producers in the industry, it continues to focus like a laser on lowering borrowings and rewarding shareholders faith with large dividend payments.


Glencore rewards investors with £2bn in dividends after ‘strongest’ year




Mining group and commodity trader Glencore has hailed its “strongest” year on record and announced it would pay shareholders $2.9bn (£2.07bn) in dividends.

The company will pay out $0.20 a share in two equal payments in 2018.

It came as it reported that pre-tax profits in 2017 surged to $6.9bn from a loss of $549m the year before. Revenue jumped 25pc to $205bn on the back of higher prices for its key products, such as copper, coal, zinc and cobalt.

Glencore’s earnings before interest, tax, depreciation and amortisation – a figure closely watched by the City – jumped 44pc to $14.7bn.

It was helped by a strong performance in its “marketing” arm, which ships commodities around the globe. Earnings in this division hit $3bn, ahead of guidance, its best performance since 2008.

The miner’s debt pile fell by almost a third in 2017 to $10.67bn, the bottom end of its guidance, as it stuck religiously to a commitment to lower its borrowings. Net debt had stood as high as $37bn in 2014 after its merger with Xstrata, and threatened to collapse on top of it in 2015, when investors took fright at Glencore’s balance sheet and the share price plunged.

Ivan Glasenberg, the FTSE 100 giant’s billionaire chief executive and second largest shareholder, said that higher commodity prices and a tight control on costs had “enhanced mining margins”.

“We look to the future with confidence. We believe our unrivalled positioning in ‘Tier 1’ commodities and ‘Tier 1’ assets will continue to create compelling value for all stakeholders,” he said.

Glencore is one of the world’s biggest producers of copper and cobalt, both of which are expected to be in high demand for electric vehicle bodies and batteries.

[highly geared] 21/2/2018 09:03

It’s good we’re bobbing around the 9-11p range and have been for some time. Shows a reasonably stable investor base and the market ascribing fair value at these levels.

[adorling] 21/2/2018 08:52

Thnx for explanation HB - makes sense.