AGY 2.27% 8.6¢ argosy minerals limited

Li-related News/Articles/Reports, page-136

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    VW , the largest automotive company in the world may need many thousands of tons of AGY battery grade Li ₂CO ₃.

    From: https://www.cnbc.com/2021/03/15/vw-to-ramp-up-battery-production-with-six-gigafactories-in-europe-.html
    EXCERPT

    Volkswagen is looking to ramp up battery cell production for electric vehicles in the coming years, with the German car giant announcing Monday that it was aiming to establish several “gigafactories” in Europe by the end of the decade.

    “Together with partners, we want to have a total of six cell factories up and running in Europe by 2030,” Thomas Schmall, who is CEO of Volkswagen Group Components, said in a statement. This move, he added, would guarantee “security of supply.”


    According to VW it’s expected that, once fully up and running, the factories will be able to manufacture battery cells with a combined energy value of 240 gigawatt hours each year.

    The first two will be located at a Northvolt facility in Skellefteå, Sweden and VW’s Salzgitter site in Germany. In its own announcement Monday, Northvolt said it had received a $14 billion battery cell order from Volkswagen, which will increase its ownership stake in the Swedish battery maker.

    Volkswagen will also focus on the development of a “new unified cell” which is slated to be rolled-out in 2023 and used in as much as 80% of the group’s electric vehicles in 2030.

    “On average, we will drive down the cost of battery systems to significantly below €100 (around $119.19) per kilowatt hour,” Schmall said. “This will finally make e-mobility affordable and the dominant drive technology.” - - - - - - -

    AND THIS a little older article but none the less relevant

    LithiumCarbonate, which is a critical ingredient in lithium-ion batteries for electric cars, surged to 85,000 yuan per tonne for the first time since August of 2018 after government incentives boosted demand for the metal while supplies remain tight. European governments offer subsidies to electric-car buyers and sales of alternatively powered cars account now for a third of new passenger cars.


    https://hotcopper.com.au/data/attachments/3003/3003984-edb848cfb60f708fb7011143a8e8906c.jpg
    Singing: When your smiling, keep on smiling - - - and the whole world smiles with you - - -

 
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