Every indication suggests our approvals are coming very soon. The lithium market has gone gangbusters and I wouldn't believe for a second the DRC government is not aware that time is of the essence with supply shortages looming around the time of first production. It's literally what we've all been waiting for and in some cases for many years and it's happening sooner than expected.*Well said Sam, If Big Kev was still with us today, I know what he'd say about AVZ, "I'm Excited" why, because he'd see where a Major U.S Company is throwing 100's of $Mil at a Brisbane-based battery material supplier, so who's to say it's not just a matter of time before someone, like a South Korean EV battery manufacturer or two for instance who has a spare $35 billion or someone who has a backlog of orders worth more than 180 trillion won ($157 billion) currently or someone who intends to expand their manufacturing capacity to over 500 GWh annually to knock on the DRC Door at any moment. It seems like there's a bit of a "CAT fight" going on between Chinese, South Korean, Japanese and to some extent the EU & U.S adding Fuel to the Fire when it comes to sourcing Minerals that are Critical to not only cutting emissions, but their EV plans moving forward in an attempt to rein in China atm, plus we can't forget how important Hydropower is seen by Western OEM's in meeting their ESG requirements now and in future, some might say, an Ace up our AVZ sleeve
As,
Australian battery material supplier gets $A200m funding boostBrisbane-based battery material supplier Novonix has received a $A200 million cash injection after US chemicals and refining company Phillips 66 acquired a 16% stake in the company.
The Houston based company Phillips 66 boasts assets worth $US57 billion and bills itself as “a diversified energy manufacturing and logistics company” with a broad portfolio involving midstream, chemicals, and refining. It processes, transports, stores, and markets fuels and products globally.
The investment in Novonix – through its Emerging Energy unit that is focused on building a lower-carbon business platform – marks an important step, both for the company itself and the building of battery supply routes in the US.
“This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain,”
said Greg Garland, the chairman and CEO of Phillips 66.
https://thedriven.io/*To Remind,
South Korean EV Battery Industry To Invest $35 Billion By 2030They already quadrupled production capacity between 2016 and 2020.The South Korean EV battery manufacturers will invest heavily in R&D and expansion of manufacturing capacity this decade.
Their combined investment by 2030 is expected to reach 40.6 trillion won ($35 billion) according to media reports.That falls almost entirely on the three players:
LG Chem's
LG Energy Solution,
SK Innovation and
Samsung SDI.
They expanded manufacturing capacity from a total of 59 GWh annually in 2016 to 217 GWh in 2020 and are accelerating to even higher levels.According to
Bloomberg, South Korean manufacturers hold a third of the EV battery market so far this year (actually in the first five months).
That's a really strong position on one hand, but China and Japan also have strong contenders. Chinese CATL alone holds a 31% share in the EV market.
LG Energy Solution announced 15.1 trillion won ($13.1 billion) investment by 2030, including 9.7 trillion won in R&D. Backlog of orders is currently worth more than 180 trillion won ($157 billion).SK Innovation announced recently that by 2030 it would like to expand its manufacturing capacity to over 500 GWh annually.
In the case of Samsung SDI, plans are probably not as big, but it will also gradually expand its position.
The overall EV battery market is expected to increase more than 7-fold, from $46 billion in 2020 to $352 billion in 2030 according to SNE Research.
That's a big opportunity for growth, but it requires high capital investments.The manufacturers that today have a high market share basically have to invest further, because remaining passive would result in marginalization.
The battery market requires increasing volume as much as possible, which allows battery makers to cover huge R&D expenses on new technologies.*To Remind also
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View attachment 3475928View attachment 3475934View attachment 3475931Food for thought on the Road to a AVZ - DRC - MSEZ - ML - BFS - FID - JV Fingers Crossed Frank
