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My point should have been better expressed.
Specifically, if PLL could release information on when and how they will begin to recognize revenues from lithium sales, this stock would take off. The uncertainty of when and how is an overhang to the progress of the stock price.
My point should have been better expressed.
Specifically, if PLL could release information on when and how they will begin to recognize revenues from lithium sales, this stock would take off. The uncertainty of when and how is an overhang to the progress of the stock price.
Thanks for the article.
PLL specific news is what is going to move the stock. Everyone agrees that producing lithium companies are going to do well. PLL is basically a Lithium development company.
Those actions are already planned in and accounted for and teams of lawyers make their paydays and politicians get back room pockets padded. Did you expect anything else? The way these things work is always this way to show "concern" and look like the powers to be are doing things about things, but in the end, overall demand, money and greed continue to hold the power to effect. There will be months and longer of this act, delays to the inevitable, there always is. Just like all the congressional hearings throughout yrs (both parties in power at different times) when gas is highest and they act like they're doing something about something and are "concerned", but nothing ever happens and the consumer always pays the price in the long run. That's always been for big oil, and it will be the same for lithium mining in the future.
I don't like the negative impact to the WORLD environment that lithium is creating, but there is nothing that will stand in the way for the future pricing and profits of what's going to be "big lithium". Demand is going to outpace the supply as it is now and we will be as much dependent on lithium as we are to big oil. Lithium miners will be much more profitable and powerful in the near future. That's a fact and nothing you or I can say or do that can stop it.
An article from the Forbes recently:
Lithium Shortage May Stall Electric Car Revolution And Embed China’s Lead: Report
Neil Winton Senior Contributor
Transportation
https://www.forbes.com/sites/neilwinton/2021/11/14/lithium-shortage-may-stall-electric-car-revolution-and-embed-chinas-lead-report/?sh=5c31cc8646ef
The electric car revolution will stall in the West if supplies of crucial battery elements like lithium fail to keep up with the forecast huge increase in demand. This will drive battery prices higher, decimate profit margins, and the coveted $100 per kWh battery, which would have signaled the arrival of affordable green vehicles, will remain on the launch pad.
“Western weaknesses in lithium-ion supply chains will slow electric vehicle adoption and demonstrate China’s dominance of the EV (electric vehicle) market,” according to a report from GlobalData. a leading data and analytics company.
This kind of pressure might also delay Tesla’s TSLA +4.1% long promised “affordable” $25,000 electric car.
The report said EV output is set to “skyrocket” to 12.76 million cars a year by 2026, with over half coming from China.
“With lithium prices set to rise throughout the next decade, the EV sector in the West will have to face rising battery costs. If they pass costs on to the consumer, EV adoption will likely accelerate at a slower rate than previously expected,” the report said.
The International Energy Agency (IEA) has estimated that the growth in EVs could see lithium demand increase by over 40 times by 2030, according to the International Lithium Association (ILiA) . Last year lithium demand was about 320,000 tonnes and is expected to hit 1 million by 2025 and 3 million by 2030, according to Reuters.
Earlier this month, LMC Automotive predicted European EV sales would rise from 1.2 million in 2021 to 3.4 million in 2024, 6.1 million in 2027 and 10.5 million in 2030.
U.S. investment newsletter Energy & Capital’s Luke Sweeney put it this way, as world leaders rush to implement green energy promises.
“They (the leaders) are ignoring the trillion-ton elephant in the room. Carbon-free power and gasoline-free transportation cannot exist without mining an absurd amount of lithium. Right now, production is not even close to keeping up. We simply aren’t pulling enough lithium out of the ground to match the projected demand,” Sweeney said.
Daniel Clarke, Thematic analyst at GlobalData, said China held 80.5% of global lithium-ion battery capacity in 2020, and even with the U.S. and EU’s best efforts will still dominate by 2026 with an expected 61.4% share.
“The rising price of lithium demonstrates what many in the industry have warned about for some time: the growing divergence between supply and demand for lithium. Ultimately, this will lead to an increase in the price of EVs, as automakers pass the cost on to the consumer,” Clarke said.
The average price of lithium carbonate has been erratic - halving before doubling again, and this has made investors wary of investing in new capacity.
“Batteries are already the most expensive part of an EV. Cell costs would need to be notably below $100 per kilowatt hour for mainstream production to take off, but this isn’t looking likely. Any increases in cost will be a blow to the decarbonization agenda of advanced economies, as well as lead to a deceleration in the decarbonization of the automotive industry,” Clarke said in the report.
In an online interview, I asked Clarke if the outlook for the price of lithium meant LMC Automotive’s European EV sales targets were still possible.
"It very much depends on automakers. Estimates see the rising cost of lithium hitting the EV market sometime between 2022 and 2024. (manufacturers) will have to decide on whether to absorb the cost or pass it onto the consumer. The market will become more competitive as a result. It is very possible that the (manufacturers) with the deepest pockets, such as Toyota, are able to take market share by absorbing the cost of the battery and undercutting their competitors, who would be forced to increase their prices. Tesla, whose EV market is focused on premium cars, would likely not be too badly affected, but it will make them potentially reconsider their plans for a low-cost $25,000 Tesla Model 2."
Clarke said lithium represents about 7% of the total cost of a battery but you also need Graphite, Manganese, Nickel, Cobalt. The latter two prices are also precarious because of supply issues.
“Cobalt is used in the cathode, and the cathode is the most expensive part of a battery, which is in turn the most expensive part of an EV. However, necessity is the mother of invention, and new battery chemistries are being developed all around the world."
Is the 100 kWh battery now in jeopardy?
"It is hard to say. Recent reports have the price per kWh at $105 but it is expected to rise next year as a result of the aforementioned forces at play. Lithium shortages will get worse next year and may continue into the middle of the decade. It is important to remember that building a lithium mine takes seven years and many automakers want high-quality batteries. Mines are huge investments, much like chip fabrication plants, there isn't a lot of room for just increasing capacity… most of these mines will be working around the clock anyway," Clarke said.
According to the ILiA, natural lithium minerals are relatively abundant and found in many countries. Currently there are large industrial operators in Australia, Chile, Argentina, Bolivia, China, Brazil, Zimbabwe and Portugal, that produce lithium raw materials at significant scale, although this number is set to rise as lithium production increases to meet demand. Experts say there are bottlenecks in the conversion processes needed to produce usable lithium. Plants take years to reach full production and this, combined with accelerating demand, means supplies will remain tight and prices high.
The big car and SUV makers are scrambling to set up deals to guarantee supplies. Tesla has a deal with Piedmont Lithium of North Carolina. General Motors GM -0.6% is investing in a Californian project. Companies like Stellantis, Renault and BMW are known to be investing in projects which seek to speed up, and clean up, the conversion process. It’s safe to assume that every single auto operative is doing the same thing.
Follow me on Twitter. Check out my website.
Neil Winton
As a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out... Read More
https://www.forbes.com/sites/neilwinton/2021/11/14/lithium-shortage-may-stall-electric-car-revolution-and-embed-chinas-lead-report/?sh=5c31cc8646ef
County Commissioner meeting last night as reported by Charlotte Fox 46 news and delays happening for the entire operation over local landowner and environmental pollution concerns...
Beware: Broke below the 50 SMA, MACD about to fail (below 0). Could tank hard like July 20, dumped $14 that day. Indices look ready to dip.
Bounce off 50 dma. Doesn’t go as high as I would like, but still bounces nicely.
Piedmont Lithium Public Hearing for State Permit and Update
https://deq.nc.gov/news/press-releases/2021/11/08/reminder-public-hearings-scheduled-piedmont-lithium-carolinas-mining-application
https://www.catawbariverkeeper.org/2021/11/12/piedmont-lithium-public-hearing-for-state-permit-and-update/
NC DEQ is holding a public information session and hearing on Monday, Nov 15th at the Gaston County Courthouse. There will be a virtual overflow hearing on Wednesday, November 18th. Speakers must register by noon on the 15th. Written comments will be accepted through Nov 26th. Details can be found in the press release.
Background
Piedmont Lithium is planning an open-pit lithium mine project northwest of Gastonia near the Lincoln County border. The site is located on the Carolina Tin-Spodumene Belt, the largest hard rock lithium deposit in the United States. The increased demand for lithium in electric vehicles has made local extraction economically attractive for the first time since the 1980s.
Environmental Impacts
Surface Waters
In their 2019 federally approved site plan, Piedmont Lithium is permitted to fill 1,481 linear feet of perennial tributary, 4,904.5 linear feet of intermittent tributary, 0.18 acre of wetlands, 0.16 acre of impoundments, and 7.46 acres of indirect wetland impacts. The permit includes alternative project sites and pit locations. The approved plan is designed to minimize impacts to federally regulated surface waters and avoid the 100yr floodplain.
Groundwater
Because much of the ore is below the water table, Piedmont Lithium will be pumping groundwater out of the mining pits. This will lower the adjacent groundwater and is expected to dewater streams, wetlands, and nearby property wells. Groundwater levels will be monitored with a system of wells. Piedmont Lithium plans to mitigate this by providing deeper wells or alternative water for neighbors (as needed) and discharging wastewater back into the surface waters to mimic pre-mining flows.
Discharges
The site will generate mining wastewater and stormwater runoff. Both types of discharges will likely be regulated under the general permit NCG02 which covers most types of mining. Piedmont Lithium has applied to the state for this permit. The general mining permit includes design, treatment, monitoring, and reporting requirements. The permit requirements were updated in 2020.
Other Impacts
Catawba Riverkeeper recognizes that the project will have impacts outside the scope of our expertise as a watershed advocate. Other negative externalities such as dust, traffic, and noise may impact adjacent properties. The project may also create benefits such as jobs, tax revenue, and local production of batteries for electric vehicles.
Permitting
To begin their mining operation Piedmont Lithium must have a Federal 401/404 permit, a North Carolina Mining Permit, Gaston County rezoning, and a Gaston County Special Use Permit. They secured their federal permit to alter surface waters in 2019.
In August of 2021, the company submitted its application to the state for a permit. Due to public interest, and at the request of groups such as Catawba Riverkeeper, the State agreed to schedule a public information session and hearing. This is an opportunity for concerned citizens to formally submit their comments to the state before they approve, modify, or reject the permit. We anticipate the state will likely approve the permit with modifications from the hearing. The State’s decision will likely take several months. Written comments are due by November 26th.
The parcels under consideration for mining are currently zoned residential and would need to be rezoned by the county to industrial for mining to occur. Should the County Commissioners decide to approve this project, we would recommend only doing so with additional protections for the environment. We encourage Piedmont Lithium to seek a Conditional Use Rezoning rather than an unrestricted land-use intensification to Industrial (I-3). The conditional use process will allow the county officials, public, and advocates to include additional protections for the community and environment. Gaston County Commissioners have said they will not consider rezoning until Piedmont Lithium secures their State permit.
Catawba Riverkeeper Recommendations
Due to the direct impacts to surface waters via topographic change and indirect impacts from increased impervious surface, Catawba Riverkeeper does not support large construction projects on undeveloped land. However, in addition to the rights of landowners, we recognize that our area’s population is growing and will need more homes, parking lots, landfills, etc. When development is necessary and/or unavoidable we advocate for minimal disturbed area, localized mitigation, transparent monitoring, and the application of low impact designs.
After reviewing the State’s draft permit, Catawba Riverkeeper recommends increasing the minimum stream buffers, mandating the requested NCWRC crayfish study, and providing additional details on the reclamation and mitigation plans. We will be speaking at the hearing and submitting public comments.
Posted in Carousel, Pollution, Protection, StormwaterTagged Permitting, Piedmont Lithium
Company Presentation – November 2021
https://piedmontlithium.com/wp-content/uploads/PLL-Presentation-November-2021-Final-2.pdf
So my understanding living here in NC near Gaston, is this company submitted fraudulent land descriptions to the State of NC mining permits office now??? Something a lot of locals here months ago stated they were doing all along calling "other peoples' lands, their land" and some of their rightful land was adjacent to waterways, streams and such where mining will not be allowed.....
Pennant forming above support. Expect breakout to upside.
Will break 70 first
Piedmont a hyped scam to me living here in NC. Just the way I feel.
After what Biden did late yesterday afternoon, walking away now to Rome, will cause cardiac to markets everywhere yet again...
Keith Phillips, President and CEO of Piedmont Lithium was interviewed by Rodney Hooper, Partner of RK Equity at Mines and Money Online Connect @ IMARC in October 2021.
Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased to have concluded our Phase 5 drill campaign and to further expand our world-class resource base. Carolina Lithium has one of the largest spodumene resources in North America, and the only one located in the United States. The increase in ‘Indicated’ resources of over 100% relative to resources previously reported under Australian standards, will underpin the definitive feasibility study for Carolina Lithium that we plan to publish later in 2021. The DFS will be another important step along the path to building America’s leading lithium business to support and enable the rapidly-growing electric vehicle supply chain in the United States.”
The Company intends to file an inaugural Technical Report Summary in accordance with the United States Securities and Exchange Commission Regulation S-K 1300 Modernization of Property Disclosures requirements in the Company’s next Quarterly Report on Form 10-Q.
The updated Mineral Resources will be incorporated into the upcoming Definitive Feasibility Study of the Carolina Lithium Project, which the Company expects to complete within Q4 2021
https://piedmontlithium.com/piedmont-increases-mineral-resources-with-completion-of-phase-5-infill-drilling/
That news IS NOT in Gaston County NC area where they do not even have required State permits or EI studies done to date, etc...???
PIEDMONT INCREASES MINERAL RESOURCES WITH COMPLETION OF PHASE 5 INFILL DRILLINGOctober 21, 2021
https://piedmontlithium.com/piedmont-increases-mineral-resources-with-completion-of-phase-5-infill-drilling/
KRISHNA MCVEY JOINS PIEDMONT LITHIUM AS VICE PRESIDENT OF HUMAN RESOURCES
https://piedmontlithium.com/krishna-mcvey-joins-piedmont-lithium-as-vice-president-of-human-resources/
From the big visit to our facilities!
Our partner Piedmont Lithium Inc. is visiting our Lithium North America facility - North American Lithium | Une filiale de Sayona Québec. ?? ??
A very enriching week of sharing good practices and continuous improvement of our processes and facilities. ??
This partnership between our two organizations complements all of our expertise in order to carry out concrete actions to make Sayona Québec a lithium producer known and recognized in its community, in Abitibi-Témiscamingue, Quebec and around the world.????
A big THANK YOU to Piedmont Lithium and the whole team for their visit. ??
You are always welcome.
Pratt Ray - Piedmont
Jim Nottingham - Piedmont
Patrick H. Brindle - Piedmont
David Buckley - Piedmont
Binh Meador - Piedmont
Ghislain Dubé - Sayona Quebec
Laliberté Guy - Sayona Quebec
Yves Desrosiers - Sayona Quebec
Cindy Valence, MBA - Sayona Quebec
#partner
#lithium
#transitionenergétique
#collaboration
#continuousimprovement
#bestpractices
#ev
https://www.linkedin.com/company/sayona-mining-limited/posts/?feedView=all
Look at 1 year chart. Very plain to see, going to $40.00 levels to close gaps. Entire chart so top heavy (on hype media only) lower highs for months and descending triangle pattern formed..
50 again. Sheeezz.
Gaston County, NC did not previously have mining regulations, a fact that concerned elected officials who feared Piedmont would be able to operate without any local oversight should it ultimately receive state regulatory approval.
The project, which has divided the county of roughly 220,000, underscores the broader tension in the United States as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.
Despite spending years buying acreage, hiring investment bankers and inking a supply deal with Tesla, Piedmont did not approach local officials until July and did not apply for a state mining permit until last month.
Piedmont has already spent $58 million on the project, which would produce about 30,000 tonnes of lithium annually, enough to make about 3 million EVs.
Commissioners have now threatened to deny a necessary zoning variance when Piedmont eventually applies for it. The Tesla deal was indefinitely postponed last month.
The zoning changes approved on Tuesday will require mining companies to build a 12-foot (3.7-meter) high barrier to mitigate noise. Any lights a mining project uses will not be allowed to shine on a neighbor's property. Miners will also have to erect a 7-foot-tall (2.13-meter )chain-link fence topped with barbed wire.
The new laws would also only allow rock blasting during the daylight hours. Violations of the blasting rules would give the county cause to revoke a mine's operating permit.
Keith Phillips, CEO of Piedmont Lithium discusses lithium supply and the outlook for electric vehicles. He spoke with Bloomberg's David Westin.
https://www.bloomberg.com/news/audio/2021-09-29/balance-of-power-lithium-supply-ev-outlook-podcast?sref=Oe6GluQB
Old news ... Just word stretching...
NEW GASTON COUNTY ORDINANCES ESTABLISHED UPDATED GUIDELINES FOR QUARRIES AND MINES
(This should help the SP?)
https://piedmontlithium.com/new-gaston-county-ordinances-establish-updated-guidelines-for-quarries-and-mines/
False manipulations going on. I wonder if Governor Roy Cooper (D) or Gaston County BOD are being bribed in some fashion???
Truth always comes out one way or another...
Upside breakout. You wrong again.
Someone bribe Governor Roy Cooper of NC and/or Gaston County Board of Commissioners seeing this stock bolting up over $4.00 today when all other Lithiums are down again ????
Broke below that 50.00 support level showing a Descending Triangle pattern, meaning high % will close those gaps down around 40.00 areas now....
HUGE descending triangle formation for months now in place suggests drop to $25.00 support levels actually....
Like final drop to $40.00 gap levels to me...
Sep. 21, 2021 - 4:16 - Piedmont Lithium CEO Keith Phillips provides insight into the supply and value of lithium.
https://video.foxbusiness.com/v/6273545324001#sp=show-clips
I have been with LLKKF for over 18 months, I paid under .03 a share. Have 100k shares left "Freebees". Watch the sticky video.
https://investorshub.advfn.com/Lake-Resources-NL-LLKKF-37596/
Touched that 50. Maybe a little overshoot to the downside this week.
Why Biden Admin dangerous to USA. He is acting like the Saudi Govt does regarding fossils fuels, minerals, etc...::
Sept 16 (Reuters) - U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies.
The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones. There would also be a 7 cent fee for every ton of rock moved.
That would mark one of the most-substantial changes to the law that has governed U.S. mining since 1872 and could raise about $2 billion over 10 years for federal coffers.
The full House could reverse the committee's move and the legislation faces an uncertain fate in the U.S. Senate.
"The race for electric vehicles and electrification of the economy requires metals and mining, and that needs to be incentivized, not stalled," said Rich Nolan, head of the National Mining Association, an industry trade group.
Tensions are rising in the United States over how best to procure minerals needed to green the economy. President Joe Biden has yet to take a public stance on the issue, though privately he has signaled plans to rely on allies for EV metals, Reuters reported earlier this year.
The 1872 law did not set royalties in order to encourage development of more than 350 million acres in the western United States. Miners say it should remain as-is, or be tweaked only slightly. Environmentalists have long said the law should be updated to require the industry to pay to extract minerals on taxpayer-owned land.
Executives say Biden's goal to have 35% of U.S. electricity generated by solar panels - up from 3% today - would be all but impossible without new mines. Silver is used to make photovoltaic cells.
"This royalty proposal is really inconsistent with being able to grow production and meeting the demands for silver to green the economy," said Phil Baker, chief executive of Hecla Mining Co, the largest U.S. silver producer. Baker said he will close mines if the proposal is approved.
Miners say they already pay high income, sales and other taxes. They warned that the proposed royalty on gross profit would discourage investment when commodity prices rise and shorten a mine's life when prices fall.
The NMA declined to say what percentage royalty its members would find palatable. It said it would prefer a royalty on net, rather than gross, profit.
"New taxes on the front end of the supply chain undermine the EV battery goals that have been set by the president and Congress and make U.S. policy look schizophrenic," said Todd Malan of Talon Metals Corp, which is developing the Tamareck nickel deposit in Minnesota. Nickel is used to make EV battery cathodes.
The proposed new royalty rates would affect so-called hard rock mining, but are part of a series of other proposed fee hikes on oil, coal and natural gas extraction. The committee also approved language that would block Rio Tinto Ltd from building its Resolution copper mine in Arizona.
The NMA said it does support the committee's proposal to create a $3 billion reclamation fund for older abandoned mines.
Lithium Americas Corp, which is developing the Thacker Pass lithium mine on federal land in Nevada, said it stands ready to work with Congress to develop a "reasonable royalty for operating on public lands." Lithium is a key component of EV batteries.
"The current proposal will impair U.S. competitiveness when demand for lithium is soaring and the domestic production is just starting to respond," said Tim Crowley of Lithium Americas. (Reporting by Ernest Scheyder; Editing by David Gregorio)
In my mind "virtual" is fake, not real.. Like crypto currecny, not real or in existence, all synthetically produced... Yet they now have a futures contract for it???
Piedmont Lithium to Participate in Range of Virtual Industry Investor Conferences in September
Business Wire
September 13, 2021
Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL)), a multi-asset company focused on the integrated production of lithium hydroxide to support the North American electric vehicle supply chain, today announced participation in three major industry investor conferences occurring in September:
H.C. Wainwright 23rd Annual Global Investment Conference, September 13-15, 2021
Evercore ISI Autotech & AI Forum, September 21-22, 2021
D.A. Davidson 20th Annual Diversified Industrials & Services Conference, September 22-23, 2021
"We've been very active lately as an organization working on a number of different strategic initiatives," said Piedmont Lithium President and CEO, Keith Phillips. "In addition to an update on our flagship North Carolina Lithium Project, which remains the core of our operations, I'm looking forward to speaking with the investor community about the significance of our recent participation in the acquisition of North American Lithium in Quebec, as well as our investment in Iron Ridge Resources in Ghana. My goal is to communicate the strategic importance of these two initiatives and how they compliment our proposed North Carolina operations, contribute to the continued growth of our company, and the value of our diversification from a resource standpoint. We firmly believe becoming a multi-asset company will place us in a strong position to support the North American EV supply chain," added Phillips.
She wants to close that gap around $40.00 looks like to me and worse from here... TOo top heavy on charts...
That 10% stake did not help CATL when it came to the acquisition of North American Lithium NAL in Canada.
Sayona Mining’s bid for North American Lithium, a subsidiary of CATL, extended to June
https://batteryindustry.tech/sayona-minings-bid-for-north-american-lithium-a-subsidiary-of-catl-extended-to-june/
30TH AUGUST 2021 Sayona and Piedmont settle NAL buy
PERTH (miningweekly.com) – ASX-listed Sayona Mining and fellow-listed lithium producer Piedmont Lithium have finalised the acquisition of North American Lithium (NAL) after gaining the necessary court and regulatory approvals.
https://www.miningweekly.com/article/sayona-and-piedmont-settle-nal-buy-2021-08-30
Any LEGAL US citizen out there realize that now, Biden owns 10% stake in Chinese Lithium Company CATL. That factoid in itself may answer many questions about Afghanistan debacle....
Charlotte News 9 this morning reported Piedmont Lithium just formally filed application to receive a mining permit for mining operations in Gaston County. No time line mentioned if they will be granted one or not, or how long response will take from Raleigh...
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