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ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

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ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. Source: USGS, 2017).

Supplies 236
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Copper prices rise to 10-year high, near record

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Goldman Sachs and Robert Friedland, Founder of Ivanhoe Mines, suggest prices of US$15,000/t might be seen by 2025, due to restricted supply and bullish demand growth. Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels.

Price 418
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Stellantis makes $155M investment in McEwen Copper Argentina project

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We are taking important steps in Argentina and Brazil, with the aim of decarbonizing mobility and ensuring strategic supplies of raw materials necessary for the success of the Company’s global electrification plans. Los Azules is an advanced-stage porphyry copper exploration project in the San Juan pro-mining province of Argentina.

Argentina 307
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GlobalData: Global lithium production to triple over the next four years

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After moderate growth in lithium supply between 2010 and 2017 of 6.4% Currently, the highest production is in Australia with 18.3kt, followed by Chile and Argentina with 14.1kt and 5.5kt respectively. It will be followed by Argentina with 29%, Canada with 16%, Chile with 9%, the US with 6%, and Mexico with 4%.

Chile 240
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. In addition, in the period to 2017 Roskill forecasts that the main market driver for lithium-ion batteries will gradually switch from portable consumer electronics to electric vehicles, especially hybrid variants. Source: Roskill. Click to enlarge.

Market 296
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Rolls-Royce wins $6.5M contract to supply LNG propulsion package for fish food carrier; Bergen gas engine

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The contract is to supply a Liquefied Natural Gas (LNG) propulsion package for a cargo carrier designed by NSK Ship Design for Norwegian shipowner NSK Shipping. BioMar has 11 factories producing fish food, in Norway, Chile, Denmark, Scotland, Spain, France, Greece, Turkey and Costa Rica. Rolls-Royce has signed a US$6.5-million

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Oversold Lithium could be about to rally

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Investing in the commodity market can be a roller-coaster ride; what with the incessant boom-and-bust cycles driven by the ebb and flow in infrastructural spending, production ramps/cutbacks and stockpiling/destocking supplies. That’s certainly a massive production ramp-up considering that global production in 2017 totaled just over 200kt.

2018 278