Not Gunna Be Enough Lithium, page-20

Lithium market and battery news

On May 13, Electrek reported:
Tesla Model Y production will create a battery shortage, says Panasonic. Tesla’s main battery supplier and partner in Gigafactory 1 says that the start of Model Y production next year will result in a battery cell shortage at the factory.

On May 30, The Financial Times reported:
India to acquire reserves of strategic minerals to power the country's move into EVs. India's move to acquire reserves of strategic minerals like lithium and cobalt to power the country's move into electric vehicles is all set to become a reality with three state-owned metal and mining companies due to ink a joint venture agreement early next month....The first acquisition is likely to be finalised within the next six months. Official teams have already visited mines in countries like Peru, Bolivia and Chile, which are rich in such strategic minerals.

On June 4, Bloomberg reported:
These mining superpowers supply the world's lithium. Now they want to make batteries. Almost three-quarters of the world’s lithium raw materials come from mines in Australia or briny lakes in Chile, giving them leverage with customers scrambling to tie-up supplies. The mining nations hope to bring refining and manufacturing plants that could help kickstart domestic technology industries.

On June 12, Mining.com reported:
Pot is taking the spotlight away from lithium and threatening the EV boom. The flow of capital into the cannabis industry is draining investments into lithium producers that supply the raw mineral key to power the electric-vehicle revolution. “A lot of the risk capital that had gone into the lithium sector is now running into cannabis,” said Tobias Tetter. While the market is slightly oversupplied at the moment, it is expected to remain tight, with demand set to reach 1 million tons per year by 2025, from about 325,000 tons last year, according to BloombergNEF.

On June 13, Argus media reported:
LG Chem forms EV battery venture with China’s Geely. The 50:50 joint venture plans later this year to begin construction of a battery plant in China with annual production capacity of 10GWh, LG Chem said today. The factory, the site for which has not been chosen, is scheduled to start operating by the end of 2021. It will supply batteries for the EV models of Geely's car brands in China from 2022. LG Chem and Geely will each contribute 103.4bn won ($87.2mn) for initial funding of their joint venture.....LG Chem, which aims to more than triple its production capacity to 100GWh/yr by 2020, already has an EV battery plant in China's Jiangsu province and has another factory under development in the same region.

De-risk the Government, off takes will flow and the SP to run!!!