Australia's largest stock trading and investment forum Australia's #1 stock forum

TLG

Click for more information

0.00%

68.0¢ talga group ltd

TLG - Media, page-167

First 167 Last

Share
Profile

Follow
FiendishRedbeard

9,111 Posts.

909

01/12/20

00:00

Post #: 49251904
Share

Originally posted by Blue swims: ↑

Search this website
You are here:Speech by Vice-President Šefčovič at the European Conference

Available languages:English
Speech24 November 2020Brussels
Speech by Vice-President Šefčovič at the European Conference on Batteries
Page contents
"Check against delivery"
Thank you Melinda, and good morning everyone.
It is a privilege to be speaking at such an important event, especially as we find ourselves on thecusp of something special.
When we founded theEuropean Battery Alliancein 2017, many people struggled to believe Europe could develop aglobally-competitive battery industry, one which could rival and even outshine those in other parts of the world.
The last three years, however, have shown us that it is not onlypossible, but fast becomingreality.
We still have a long way to go. But I am convinced we canachieve our goal of strategic autonomy in this critical industrial sector.
Indeed, I'll make a clear prediction: I am confident thatby 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry– and even to build our export capacity.
I am aware that this is a big ask.
If we do manage to achieve this, it will in large part be thanks to the Battery Alliance; a truly collaborative effort requiring the full commitment of all involved.
This of course includes the Member States; withGermany, France and Italy being at the forefront of these efforts. I would therefore like to thank Ministers Peter Altmaier, Bruno Le Maire and Stefano Patuanelli for their hard work in this truly strategic area.
As Peter (Altmaier) has pointed out before,we are making European historyhere.
The Alliance was created to build a globally competitive, innovative and sustainableEuropean battery value chain, amounting to an expected market value of 250 billion Euro by 2025.
A European battery ecosystem, in turn, is not an end in itself, but a crucial part offuture-proofing our economy as a whole, especially the automotive sector.
With more than 500 industrial actors, the Alliance has become a resounding success in just three years, turning Europe into aglobal battery hotspot.
In 2019, it attracted some 60 billion Euro in investment across the entire value chain, with 25 billion so far in 2020;three times and twice the amount in Chinarespectively.
But this tremendous progress is only the beginning.
Under the Alliance, we will now:
focus on finalising theambitious upcoming second Important Project of Common European Interestput forward a new future-proofregulatory framework on batteriesstrengthen theresilience of our critical materials value chainsand ensure adequate levels ofresearch funding.
TheIPCEI in particular is a game-changer, a powerful instrument in our toolbox, and a top priority for the European Commission.
The first battery-focused IPCEI, led by France and approved last December, involved 7 Member States and 17 companies. It represented up to 3.2 billion Euro in grants, leveraging a further 5 billion Euro in private investment.
The second IPCEI, led by Germany, takes a further step forward, involving 12 Member States and almost 50 companies covering the entire battery value chain.
It will concentrate oncutting-edge innovation, generate economic growth throughspill-over effects, and contribute to the EU's strategic priorities – notably theGreen Deal.
Crucially, it will therefore have a focus onsustainability.
We need toreduce emissions in the transport sector by 90%if we are to meet our 2050 climate goals. But simply replacing internal combustion vehicles with electric equivalents will not do the trick.
Electric cars still cause emissions: in the production phase and through the generation of electricity to power them.
The production of batteries alone accounts for nearly half of these emissions; steel manufacturing is another significant culprit.
So we will foster projects in Europe geared towardsdeveloping green batteries and cost-competitive green steel.
Our upcomingflagship strategy on sustainable and smart mobilitywill represent another crucial step towards zero and low emission transport.
Substantial funding has already been invested into large-scale industrial projects.
Some 15 newbattery cell plants – gigafactories – are being built across Europe, including in Italy, France, Germany, Hungary, Poland, Slovakia and Sweden.
These plants will provide by 2025 enough cells to power at least 6 million electric vehicles.
The scale of investment, necessary for achieving this, is enormous.
But in the wake of the COVID-19 pandemic, it alsorepresents an opportunity.
And inNextGenerationEU,our historic 750 billion Euro recovery plan, which we presented together with a revamped long-term budget, we have a ready-made tool to seize this opportunity.
This instrument will be crucial as we accelerate the twin green and digital transition, and investment in batteries can help drive our recovery as well as long-term resilience.
In doing so, we should remember that our competitive strengths in batteries lie insustainability and innovation.
The Commission willstep up investmentinto new generation of sustainable, high-performing batteries under the EU's future Horizon Europe programme.
While Horizon Europe is yet to be finalised, I can confirma significant portion of it will be dedicated to batteries.
This industrial research, which will be steered by afirst-of-its-kind dedicated partnership on batteries, will be a key driver towards zero and low emission mobility.
However, investment is not only needed for battery cell production, but for thewhole value chain, including:
extraction and processing of critical raw materialsmanufacturing of materials necessary for battery cell production such as cathodes, anodes, and separatorsand end-of-life treatment and recycling facilities.
Such investment would help bringequilibriumbetween domestic and external suppliesin battery cell production.
We should also use our trade and customs instruments to promote local sourcing, by moving away from the practice ofcustoms duty suspensions– which should only be granted in exceptional circumstances.
With many of these investments cumulating in 2023 or 2024, we need to swiftly adopt anew regulatory framework on batteries.
We will deliver on our commitment by bringing forward a proposal (next month), which will ensure that only thegreenest and safest batteriesmake it onto the EU market.
Our proposal will provide for a comprehensive framework that is ambitious on transparent andethical sourcing of raw materials,carbon-footprintof batteries, andrecycling.
And, as the first of its kind in the world, it willde factoset aglobal standardin one of the fastest growing and most critical global markets.
Finally, I would like to consider the Battery Alliance from a broader perspective.
Its success has shown that we have found theright recipefor our21^stcentury industrial policy.
It is a recipe that is followed to create an equally significant impact outside of the battery industry.
To that end, we are adapting the alliance's framework and using it as ablueprint in other strategic sectors, such ascritical raw materials.
Yesterday, I spoke at the kick-off event for theEuropean Raw Materials Alliance, which is aimed at strengthening the security of our raw materials supply chains, while ensuring sustainability and social responsibility standards.
To achieve this, we must not onlybuild strategic partnerships, but alsoincrease domestic sourcing, support innovation for alternatives, and mainstream circularity.
With the firstinvestment cases already emergingacross 14 Member States, this will be one of ourtop prioritiesin the coming months and years.
I would welcome your support in turning the Raw Materials Alliance into anotherEuropean success story, helping spearhead the recovery and our long-term ambitions.
Ministers, ladies and gentlemen, we have collectively done a great job so far. But we still have some way to goalong the path to a truly resilient future.
This path is best travelled together, and I look forward to continuing our close cooperation.
Thank you.
Print friendly pdf
Speech by Vice-President Šefčovič at the European Conference
English(47.773 kB - PDF)
Press contact
Sonya GOSPODINOVA

Transcript of the Eu Commissioner’s opening address showing the scale and big vision involved . Note the step up investment in the Horizon Europe Plan.
The link below has an audio link at page bottom.

https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_20_2202

Expand

Fluff and banter in that speech as I haven't seen fundamental shift in actual mining within the EU. I assume the security of supply and supply chain mantra is really just keeping and expanding high value investment and jobs in downstream battery plants and car factories in the EU. The more investors start to peel off layers of detail on these expansions the more it will highlight the potential unique and strategic value of TLG to directly supply EU UK customers.

TLG Price at posting: $1.95 Sentiment: Hold Disclosure: Held
3 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 15,562 more messages in this thread...

First 167 Last

Add TLG (ASX) to my watchlist

(20min delay)
Last 68.0¢		Change 0.000(0.00%)		Mkt cap ! $258.2M

Open	High	Low	Value	Volume
68.0¢	68.0¢	66.0¢	$176.3K	261.1K

Buyers (Bids)

No.	Vol.	Price($)
3	16060	66.0¢

Sellers (Offers)

Price($)	Vol.	No.
68.0¢	98558	3

View Market Depth

No.	Vol.	Price($)
2	4114	0.680
1	4050	0.675
1	4050	0.670
2	4550	0.665
3	18595	0.660

Price($)	Vol.	No.
0.680	15558	1
0.690	28820	3
0.695	9347	2
0.700	96616	5
0.720	6347	2

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 67.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
68.0¢	68.5¢		66.0¢	51864
Last updated 15.43pm 16/05/2024 ?

TLG (ASX) Chart