AUZ 0.00% 1.0¢ australian mines limited

It beggars the belief that with all this interest increasing...

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    It beggars the belief that with all this interest increasing around the world in essential battery metals (as seen in the following report) that AUZ can't put together an off-take deal. Posco has done just that in QLD with QPM why can't AUZ?
    The BoD has played around with this company for far too long by failing to manage and move AUZ forward.
    Shareholders are in a tough place and time and operating capital are running out.

    * REPORT
    Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium.

    Only four battery gigafactories — super-sized producers of lithium-ion battery cells — were being planned in 2015.

    In July 2021 that number hit 232 when Nissan officially confirmed a second ~$US622m lithium-ion battery plant in Sunderland, UK. The plant will have an initial annual capacity of 9GWh, with potential on-site for up to 35GWh.

    Roskill’s Global Li-ion Battery Gigafactory Dataset now shows global Li-ion battery capacity in the development pipeline has exceeded 4,000 GWh.

    Mammoth numbers like this need a lot of raw materials, it says.

    “The forecast strain on raw materials markets may precipitate supply chain issues if investment in projects and expansions is not incentivized,” Roskill says.

    That’s why battery makers are now actively participating in the mining and processing of raw materials “through co-developing and equity investment as well as deepening their existing business relationships with long-term purchase agreements”.

    Recent examples of this includePiedmont Lithium’s (ASXLL)supplydeal with Tesla, and battery maker LGES and steel producer POSCO’s investment in nickel-cobalt play Queensland Pacific Metals (ASX:QPM). There will certainly be many more to come.

    Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing>>>

    Scroll or swipe to reveal the table. Click headings to sort. Best viewed on a laptop:




 
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