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2.27% 11.3¢ galan lithium limited

Following is a pleasant read for anyone interested in Lithium...

  1. outandabout
    739 Posts.
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    02/10/21
    10:55
    Post #: 56517694
    Following is a pleasant read for anyone interested in Lithium and for those that understand the current lack thereof!

    All this coupled with@8horse posts about the expansion of EV's in China bodes favorably for Lithium markets in the foreseeable future.

    Ford, Mercedes Accelerate Pivot into EV Space – Share C af e

    Link won't open article is on S har e C a fe

    Ford’s Monday announcement was massive, detailing the single largest manufacturing investment in the giant’s 118-year history.

    That’s still well short of Toyota’s ambition for 80% of its vehicles to have some sort of battery by 2030. Toyota’s cost is estimated at $US13.6 billion in 2021 dollars.

    SK Innovation says it expects to exceed the goal of securing an annual global production capacity of 200 GWh of batteries by 2025. Its current capacity stands at 40 GWh, so a 500% increase in four years.

    Earlier this month, Ford doubled planned production capacity in Dearborn, Michigan, for the F-150 Lightning to 80,000 units a year because of strong pre-sales.


    The new lithium-ion battery plants build on a memorandum of understanding announced by Ford and SK in May. The battery plants will be jointly owned and have a combined annual capacity of 129 GWh of batteries, which could power about 2.2 million EVs when fully operational, more than double the level outlined in May, according to Ford.

    All these plants will need lithium and other raw materials. Rio Tinto has ambitious plans in Serbia which are finding local opposition, especially on environmental grounds.


    The tax credits and rebates included in the Biden infrastructure plan should provide significant support for electric vehicle sales in the United States, which is good news for the battery specialist companies.

    Last edited by outandabout: 02/10/21
    GLN Price at posting: 97.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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