TLG 15.8% 66.0¢ talga group ltd

TLG - Media, page-15155

  1. 1,620 Posts.
    lightbulb Created with Sketch. 2870
    "Talga wants to run over the municipality - goes to the government about the mine in Vittangi

    Updated today 11:48 Published today 10:54

    Talga has submitted a request to the government for a planning order because the municipality of Kiruna is delaying granting a detailed plan for the graphite mine in Vittangi.

    The mining company believes that Europe's self-sufficiency in the critical raw material for batteries depends on the mine.

    - A tool that has barely been tested for mines in Sweden, says Cen Rolfsson, the company's communicator about the request.

    One tenth of the EU's production

    Talga wants to mine graphite, which is a strategic raw material used to manufacture anodes for lithium-ion batteries. The mining company is now also building the first facility for graphite anode material for batteries in Luleå.

    The mining company emphasizes that it is their ambition to extract 16.2 percent of the EU's demand for natural graphite by the year 2030. They must also produce roughly 10 percent of the EU's demand for anode material from natural graphite during the same time period.

    China controls 90 percent

    Currently, Europe is dependent on imports and China controls 90 percent of the value chain for battery graphite anodes, according to the mining company.

    In Talga's letter to the government, it states, among other things:

    "This is completely dependent on Sweden's permit processes, including the current detailed plan. The processes that Talga is involved in are extremely time-critical in order to meet the expectations of investors as well as customers and entrepreneurs, but also to be able to supply Sweden and Europe with graphite in this critical situation". "

    https://www.svt.se/nyheter/lokalt/norrbotten/talga-gar-till-regeringen-for-att-skynda-pa-gruvplanerna-i-vittangi
 
watchlist Created with Sketch. Add TLG (ASX) to my watchlist
(20min delay)
Last
66.0¢
Change
0.090(15.8%)
Mkt cap ! $250.6M
Open High Low Value Volume
58.5¢ 66.5¢ 58.5¢ $1.315M 2.104M

Buyers (Bids)

No. Vol. Price($)
2 4903 64.0¢
 

Sellers (Offers)

Price($) Vol. No.
66.5¢ 10000 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
TLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.