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But Moe Clay those were your words. You said "The OTC is pretty much for the uneducated, get rich quick thinkers." When you say someone is uneducated in something, then you are saying they are a novice. So, if you think that way, then that means you think of yourself as an uneducated, get rich quick thinking novice because you were in OTC stocks and promoting them.
Like I keep telling you, your thinking is out in left field. Here is where I think your thinking is off. Stocks are stocks. People are making money in OTC , Nasdaq, ASX, SHANGHAI SE, HANG SENG, etc. You just have to have YOUR OWN strategy to do it. Everyone has to deveope THEIR OWN strategy. YOU have to work on YOUR STRATEGY because it has failed and you are bitter. You put your bitterness on this board. It has nothing to do with OTC stocks or any other exchanges. It has all to do with YOUR TRADING strategy. So just because you have lost alot of money on OTC stocks does not mean everyone has lost money on OTC stocks or will in the future. There are plenty of people who have made money on OTC stocks. Some have made money on SGMD. SO, the fact that you seemed to think that OTC stocks are this evil that you participated in, tells me that you need more education. Also, the fact that you are now obsesed with promoting the gospel of OTC stocks and Sugarmade as bad tells me you need more education.
Now we are getting somewhere! You have admitted to being a get rich quick thinker. What about the uneducated novice part? Are you an uneducate, get rich quick thinker, novice? Remember, these are your words not mine...lol.
You are making my Saturday...lol
I guess that's why you were in OTC. Are you an uneducate, get rich quick thinker, novice? Seems like you are descrbing yourself. After all you were in a number of OTC stocks and posting about a number of OTC stocks. So what does that make you?
Your logic is always off. That's why I keep telling you that you are way out in left field. But, keep posting nonsense and embarrassing yourself Moe Clay....lol
I want people to see you for who you truly are. Yes, you are free to post. After all, this is America. But, as you post, they will see that all you want is to see other people lose money because you lost money in SGMD and the other cannabis stocks that you were in. Because, if you were making money in other stuff that you left SGMD for, then you would not be still here posting nonsense about SGMD after about 4 months of being out of the stock. So keep posting nonsense. I just hope some novice does not listen to your foolish advise. After all you were the guy that said the stock was going to below 1 cents about 2 months ago and stay there. Remember that?
If it's not your business then stay out of it. You are like one of those busy bodies always in someone else's business. Talking about what you do not really know to people who don't really want to hear it. You are seriously destructive on the level of an evildoer, a thief, murderer. Mind your own business. Butt out...lol
"But let none of you suffer as a murderer, or as a thief, or as an evildoer, or as a busybody in other men's matters." 1 Peter 4:15
If that's true, then what business is it of yours?
"Whoever loves discipline loves knowledge, but whoever hates correction is stupid." Proverbs 12:1
You don't have a life, especially if you are obsessively posting about a stock that you say you were long out of. Go look and take care of your other investments, if you have any. Life is too short to be obsessed with one company and one CEO. MY God...lol
Man you need to grow up. Just about everything thing is an illusion. You think the currency that we use to buy things everyday is real? You think the money in you Ameritrade account is real? It's not real. It's papers with dead presidents on it and ones and zeroes from a computer in your bank account or your Ameritrade account. It's not real. But what makes it work is TRUST. It is a trusted way do buy and sell goods. When that TRUST is gone then the whole system collapses. K & J is real enough the SEC approved the whole arrangement. That's what counts. Wake up!!!!!!
I mean get a life. If you are no longer in the stock like you say quit posting against it on this board and move on. If you cant move on then we know something is wrong with you.
Wrong! Wrong! Wrong! Wrong as usual!
You keep putting out false information to support your misguided conclusions because you have a hard on against SGMD. All of the major brokers have moved to zero commission fees. TD Ameritrade, E*TRADE, Charles Schwab, Robinhood, etc. all charge $0 commissions. There is a saying out there " if it does not fit then you must acquit." You need to learn from that....lol
The whole cannabis market is about to comeback big. All emerging markets go through this cycle. The early adopters get in there and stir things up a bit and some make money. Then there is this lull as it is about to become mainstream. The big boys and the media poo poo it as it is becoming mainstream so as to get in at depressed prices. That's where we are now at depressed prices as it is about to become mainstream. Now is the time to be buying cannabis stocks. The big investors and mainstream players will be doing this soon. They are just waiting for the US Federal government to put its blessings on it.
It’s all about to become mainstream towards the end of 2019. The marijuana breathalyzers expected to hit the street before the end of the year. Mexico is expected to legalize marijuana this month. The US is expected to have either the Safe Banking or States Rights Bills done in 2019. It’s about to start popping again. Get ready!
https://www.sacbee.com/news/california/california-weed/article234714067.html#storylink=cpy
https://www.google.com/amp/s/www.fool.com/amp/investing/2019/10/09/will-october-see-a-third-country-legalize-marijuan.aspx
https://perlmutter.house.gov/news/documentsingle.aspx?DocumentID=4657
https://www.google.com/amp/s/www.bostonglobe.com/news/marijuana/2019/09/03/president-trump-reiterates-his-administration-will-let-states-legalize-marijuana/q3O3QE1SZLO8o3u3XwoZKN/story.html%3foutputType=amp
It’s about to pick back up. The marijuana breathalyzers expected to hit the street before the end of the year. Mexico is expected to legalize marijuana this month. The US is expected to have either the Safe Banking or States Rights Bills done in 2019. It’s about to start popping again.
https://www.sacbee.com/news/california/california-weed/article234714067.html#storylink=cpy
https://www.google.com/amp/s/www.fool.com/amp/investing/2019/10/09/will-october-see-a-third-country-legalize-marijuan.aspx
https://perlmutter.house.gov/news/documentsingle.aspx?DocumentID=4657
https://www.google.com/amp/s/www.bostonglobe.com/news/marijuana/2019/09/03/president-trump-reiterates-his-administration-will-let-states-legalize-marijuana/q3O3QE1SZLO8o3u3XwoZKN/story.html%3foutputType=amp
New Research Promises Electric Car Batteries That Last For a Million Miles
Electric motors guzzle electricity, which can be especially hard on a rechargeable battery. The power cells used in electric vehicles, like Teslas, have an expected lifespan of around 300,000 to 500,000 miles, but a team of battery researchers believes it has come up with a recipe that can double that, leading to batteries that could potentially outlast the electric car itself.
https://gizmodo.com/new-research-promises-electric-car-batteries-that-last-1838357663
Fed’s Williams, downplaying recession fears, says ‘outlook very favorable’
New York Fed President John Williams on Wednesday pushed back on market fears of a looming recession, saying that the baseline economic forecast remains “a positive one.”
“Right now, the outlook is actually very favorable,” Williams said during a talk at the University of California, San Diego. He said GDP growth is around 2% rate, with a “very strong” labor market and inflation near a 2% rate.
Williams noted economists have been notoriously unable to predict recessions.
“Economists are really good at saying we just had a recession. They are not so good at expecting a recession,” he said.
Where is the economy going from here? Williams said it was a “mixed picture.”
Global economic growth has slowed, trade disputes, and other geopolitical tensions have led to higher uncertainty and this seems to have contributed to a pullback of business investment, and trade between nations seems to be slowing down, he said.
“I think there are definitely a lot of uncertainties and risks out there that we need to be navigating,” Williams said.
The Fed is grappling with the how to model trade uncertainty, he said.
https://www.marketwatch.com/story/feds-williams-downplaying-recession-fears-says-outlook-very-favorable-2019-10-02
US widens trade war with tariffs on European planes, cheese, whisky
US plans 10 per cent tariffs on aircraft, 25 per cent on other goods
The United States on Wednesday said it would slap 10 per cent tariffs on European-made Airbus planes and 25 per cent duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal European Union aircraft subsidies.
The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that threatens to ignite a tit-for-tat transatlantic trade war.
The measures would follow tariffs levied by the United States and China on hundreds of billions of dollars of each other's goods in their more than year-old trade war.
https://www.thehindubusinessline.com/news/world/us-widens-trade-war-with-tariffs-on-european-planes-cheese-whisky/article29582028.ece
Did Amazon just kick electric vehicle production into a higher gear?
The electric car revolution seems to finally be happening, and it’s not just going to be in personal cars. Last month, Amazon announced that it would order 100,000 electric delivery trucks from Rivian, an electric vehicle company. Amazon is an investor in Rivian, but, we should say, the company has produced exactly zero commercial electric vehicles to date.
Rivian has some time: Amazon said the first 10,000 vans would be on the road by 2022, the remainder by 2030. But the order would basically double the number of electric delivery vehicles in the world.
https://www.marketplace.org/shows/marketplace-tech/did-amazon-just-kick-electric-vehicle-production-into-a-higher-gear/
The Fed can't solve problems caused by the trade war: Invesco
https://www.cnbc.com/video/2019/10/03/the-fed-cant-solve-problems-caused-by-the-trade-war-invesco.html
VW Says Trump's Trade War Is Forcing A Car Recession
VW is mad everyone’s messing with the economy, Tesla is making moves to expand Fremont, BMW has Brexit plans, and more, more, more. We’re getting wet and wild in The Morning Shift for Tuesday, September 10, 2019.
The trade war between the U.S. and China, a dramatically mismanaged fiasco orchestrated by President Trump that has seen escalating tariffs levied on goods and cars between the world’s two largest trading partners, has Volkswagen’s CEO not just disappointed this time, but straight-up upset.
“We come now into a situation where this trade war is really influencing the mood of the customers, and it has the chance to really disrupt the world economy,” Volkswagen CEO Herbert Diess said in an interview with Bloomberg TV. “China is basically a healthy market, but because of the trade war, the car market is basically in a recession. So that’s a new situation. That’s scary for us.”
Concerns about global trade have reached nearly 10 times the peaks seen in previous decades and could shave about 0.75 percentage points off world economic growth this year, according to data compiled by the International Monetary Fund. The auto industry is particularly exposed because of its global network of assembly plants and parts suppliers. Daimler AG, for instance, makes many of its Mercedes-Benz’s utility vehicles in Alabama and exports them to China and other markets.?
None of this ever had to happen! But it is. Keep in mind Volkswagen, and most of the major automakers of the world, are busy trying to wrap their heads around electric vehicles as the Chinese and European governments put pressure on them to curb emissions. Plus there was that whole Dieselgate thing they lost billions over. It’s hard to save face when the punches keep coming.
Carmakers need car buyers of the world to be financially secure in making the jump from gas guzzlers to mysterious battery machines, but if prices are artificially inflated over a glorified slap fight, it’s going to bum everybody out, man. I’m sure Volkswagen will be fine regardless, but it’d be really neat if we all put our efforts into stopping global economic decline instead of, like, begging for it.
https://jalopnik.com/vw-says-trumps-trade-war-is-forcing-a-car-recession-1838008645
Police raid SK Innovation headquarters over alleged theft of trade secrets
Police raided SK Innovation Co.'s offices after LG Chem Ltd. accused its domestic rival of stealing trade secrets related to electric vehicle (EV) batteries.
Don't be surprised if they try to start stealing each others suppliers also
https://en.yna.co.kr/view/AEN20190917008200320
Australian Mines to re-negotiate Sconi offtake with SK Innovation
Australian Mines has extended its timeline for the Sconi project offtake agreement with Korean electric vehicle battery manufacturer SK Innovation due to project financing concerns.
Australian Mines demands an agreed pre-payment from SK Innovation with respect to future offtake.
The two companies would now discuss the amount and terms of such financial support.
They signed an offtake agreement for 100 per cent of production from the Sconi cobalt-nickel-scandium project in Queensland in February last year.
Australian Mines demands SK Innovation to submit an agreed pre-payment letter by October 31. The company will terminate their offtake agreement if this isn’t met, a media statement read.
Should SK Innovation’s prepayment come through timely, Australian Mines will negotiate and finalise formal documentation for this financial support by January next year.
The companies would also agree to a further period of three months to secure the remaining financing for the Sconi project.
Australian Mines subsidiary Sconi Mining Operations had originally planned to obtain legally binding documents for financing to complete the construction and commissioning of the project on Monday September 30.
SK Innovation may, however, need to conduct additional due diligence on Sconi and its project financing, according to Australian Mines in a media statement.
The cobalt developer has also continued its discussions with potential project financiers, which have reportedly progressed following signing of its offtake agreement with SK Innovation.
Australian Mines has announced its Sconi project could generate $5 billion free cashflow over the 30-year mine life.
https://www.australianmining.com.au/news/australian-mines-to-re-negotiate-sconi-offtake-with-sk-innovation/
This deal with SKI is getting done. Here are the reasons I see it moving forward:
1) SKI would not have signed an extension to talk about Sconi financial support if they were not still interested in the project. They have done their due diligence and everything has checked out. They would have simply walked away.
2) It is an advantage for SKI to financially participate now at a set price to offset the potentially higher future offtake prices of Sconi. Remember, they elected to buy at future market prices and the experts are predicting battery metal shortages beginning around mid 2020. SKI would save money in the long run.
3) SKI has been commissioned by the Korean government to secure battery metals for the survival of their industry. IE, they need the metal.
4) US President Donald Trump & Australia’s Prime Minister Scott Morrison are in talks to develop a US supply chain with miners in Australia for rare earth metals. SKI know this. So if they won't do it the American government may do it.
5) There are many potential suitors for Australian Mines looking to secure battery metals. For example, Tesla has already said that they may be getting into mining. Tesla has already bought 2 companies in the last year to accelerate it's Electric vehicle domination. So don't be surprised if you here of some other suitor talking to Australian Mines about Sconi or one of there other projects.
6) SKI and LG are feuding right now over everything dealing with batteries, from workers to patents. They need battery metals to supply their plants they are building all over the world. Who know if SKI keeps dragging their feet, LG might step right in and take Sconi.
https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html
Both parties have agreed to extend the plant financing deadline to October 31 to to discuss SKI financially supporting the Sconi Project.
In the previous agreement if SKI did not agree to a financial stake in Australian Mines then they would buy the metals at market prices in the future. Perhaps they are discussing some sort of stake in Australian Mines also.In my opinion, the extension is good news. It shows that SKI really want those metals in Sconi and that they are looking at helping to get the metals out of the ground. They know that if they don't help with Sconi then someone else will step right in and do it.They know that the US government and Australian government are in talks to develope a metals supply chain for the US. So, SKI wants to secure battery metals for their operations before another company or country locks it up.?
The United States President, Donald Trump, and Australian Prime Minister, Scott Morrison, are set to release a plan aimed at securing the supply of rare earth minerals, as concerns grow that China could cut off shipments of the prized commodities. The US is trying to play catch up to China in the EV race by developing it's own supply chain for metals. Australia is the place that everyone wants to be for metals because of its business friendly environment and lots of mines. All of this is putting pressure on SKI to lock it up and secure battery metals for it's operations. I think Australian Mines has the upper hand and SKI will be force to help finance the plant fully or partially because they desperately need the metals and the know AUZ has plenty suitors waiting in the wings to step in and take the metals.
??Keep buying this stock because it is going to up real big
soon.???https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html??????
US, Australia to unveil rare earth mineral supply plan
United States President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan aimed at securing the supply of rare earth minerals, a senior administration official said, as concerns grow that China could cut off shipments of the prized commodities.
Let's hope this involves Australian Mines. It could be very big for them if this US/Australian supply chain relationship develops.
https://www.aljazeera.com/ajimpact/australia-unveil-rare-earth-mineral-supply-plan-190920030440200.html
Scott Morrison supports US push against China as Donald Trump touts ‘unbreakable bond’ with Australia
US President Donald Trump treated Australia’s Prime Minister Scott Morrison to a lavish White House visit on Friday celebrating their countries’ “unbreakable bond”.
Meeting on the South Lawn under clear blue skies, Trump promised Morrison a state dinner later that will “be quite something”.
An honour guard, military band and 19-gun salute kicked off the visit, with the two leaders and their wives watching from a podium, before walking up to the White House’s South Portico balcony.
“Australians and Americans understand each other like few other peoples,” Morrison replied to Trump, adding that he and the Republican president had also “established a very early understanding”.
Could be good news for Australian Mines. Let's hope this translate into something big for AMLSF.
https://www.scmp.com/news/asia/australasia/article/3029781/scott-morrison-supports-us-push-against-china-donald-trump
Australia sees opportunity to boost critical minerals supply to U.S
Australia has a fresh opportunity to supply the United States with critical minerals after recent changes to U.S. regulation aimed at cutting its dependence on China, an Australian government report showed on Tuesday.
U.S. President Donald Trump in July signed five memoranda authorizing U.S. Department of Defense funding to be directed to resources or technology “essential to the national defense” in a move aimed at shoring up domestic supplies.
That opens the door for the United States to offer project funding for rare earths, a group of 17 elements used in products ranging from lasers and military equipment to magnets found in consumer electronics, according to the report by Australia’s Trade and Investment Commission.
China supplied 80% of the rare earths imported by the United States from 2014 to 2017.
“The U.S. government has taken the decision to reduce dependence on China-based supply chains. In the case of purchasing by the U.S. Department of Defense, this policy is now mandatory,” the Commission said in a report.
“This has opened a new opportunity for Australian companies to supply a growing U.S. specialist manufacturing industry with the required raw or semi-processed materials.”
U.S. President Donald Trump and Australian Prime Minister Scott Morrison were due to meet earlier this month to discuss details of an agreement on rare earth supply, according to a senior administration official.
No details of the discussions have since been released.
Good news for Australian Mines
https://www.reuters.com/article/us-australia-mining-critical-minerals/australia-sees-opportunity-to-boost-critical-minerals-supply-to-u-s-report-idUSKBN1WF1L2
Correction, many Cannabis farmers were tobacco farmers were tobacco farmers.
Exactly, and besides that many marijuana farmers were tobacco farmers. How did they ever survive farming tobacco? Some people just can't separate fact from fiction and are easy to mislead.
Plant Finance Announcement of Australian Mines should be today!
I expect there to be a significant surge in the stock price when this is announced. Now is the time to get into this stock.
https://in.reuters.com/article/us-australia-batteries-nickel/australian-battery-materials-plant-eyes-financing-deal-by-end-june-idUSKCN1S90F6
Batteries create critical cobalt situation
Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices.
"Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy storage units, and power tools," the United States Geological Survey wrote in a 2018 report on critical minerals
As a result, the rechargeable battery sector will drive the demand of cobalt higher, faster than the mining sector will bring new supplies of the battery metal to market.
Australian Mines LTD (AMSLF) has plenty of cobalt. Get in while this stock is affordable.
https://www.miningnewsnorth.com/page/batteries-create-critical-cobalt-situation/5749.html
Miners push for US Congress to vote on electric vehicle supply chain bills
Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps.
Earlier this year, Washington’s trade war with Beijing threatened to curb Chinese shipments to the United States of rare earth minerals used in defense equipment. China is also the world’s largest electric vehicle battery producer, processor of lithium and consumer of copper.
“We don’t have great clarity on what the legislative timelines are,” said Keith Phillips, chief executive of Piedmont Lithium Ltd, which is developing a lithium mine in North Carolina. “This pending legislation would be a big positive” to help secure investment.
There is a race out there to develope an electric vehicle supply chain. Australian Mines LTD (AMSLF) is one of the mining companies that someone will be racing to get into an ev supply chain. Invest now while you can get it at a good price.
https://www.mining.com/web/miners-push-for-us-congress-to-vote-on-electric-vehicle-supply-chain-bills/
US steps up efforts to limit China’s control of critical minerals
The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for range of modern life’s aspects including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe.
The Energy Resource Governance Initiative (ERGI) initiative, announced in June, so far involves Australia, Botswana, Peru, Argentina, Brazil, Democratic Republic of the Congo, Namibia, the Philippines and Zambia.
The scheme seeks to promote responsible mining of 15 materials expected to be in high demand as the adoption of technologies such as EVs, battery storage and wind turbines continues to rise.
“We want to ensure that these important mineral commodities remain free from international coercion and control,” US secretary of state, Mike Pompeo, said in a meeting held on Thursday at the United Nations General Assembly.
WASHINGTON HAS GROWN MORE CONCERNED RECENTLY ABOUT ITS DEPENDENCE ON MINERAL IMPORTS AFTER BEIJING SUGGESTED USING THEM AS LEVERAGE IN THE TRADE WAR BETWEEN THE WORLD’S TWO LARGEST ECONOMIES.
“The work that we’re doing here is absolutely essential – it’s essential to ensuring secure and reliable energy supplies for every nation,” he noted.
Australian Mines LTD (AMSLF) is going to be critical mining company who metals will be in demand in this race for critical metals. Now is the time to invest in Australian Mines LTD (AMSLF).
https://www.mining.com/us-steps-up-efforts-to-limit-chinas-control-of-critical-minerals/
Australian Mines & SK Innovation Signs Supply Contract to Import Core Materials for EV Batteries
http://www.businesskorea.co.kr/news/articleView.html?idxno=34706
Australian Mines Owns It's Mines 100%.
So, there will be no division of the profit with other players in it's mines.
AMSLF's mines will come online just in time for this big increase in demand for nickel and cobalt predicted to be around mid 2020. So now is the time to get in on this stock. It's going to rise dramatically.
https://www.bbc.com/news/business-49265455
Australian Mines has Australia's Government helping to fast tract is Sconi Mine.
This means the Queensland government will streamline approvals and fast-track delivery.
When Australian Mines LTD's (AMSLF) financing is announced any day now, this stock will rock.
https://investingnews.com/daily/australia-investing/sconi-prescribed-project-status-qld-govt/
Announcement of Australian Mines battery plant financing deal should be any day now!
I expect there to be a significant surge in the stock price when this is announced. Now is the time to get into this stock.
https://in.reuters.com/article/us-australia-batteries-nickel/australian-battery-materials-plant-eyes-financing-deal-by-end-june-idUSKCN1S90F6
VW holds battery suppliers tight amid anticiapeted shortages
Volkswagen is taking new measures to hold its battery suppliers close, as battery suppliers are reportedly still skeptical of whether consumers will buy electric cars in large numbers—and hesitant to make the large investments necessary.
So VW is partnering with battery suppliers to provide funding to build and expand battery factories.
Board member Stefan Sommer told Reuters, "We have not been able to build as many cars as we wanted to. Our supplier is not delivering the numbers that we need.”
"We have built up our own expertise, which we share with suppliers, which helps when we build a new plant. It gives us an early indication if there are teething problems," he said.
If the company still doesn't find enough suppliers for all the batteries it needs, Sommer says it is prepared to build its own battery factories in China.
There is a coming shortage of battery metals soon. Australian Mines LTD (AMSLF) will be in a good position when they come online with their Sconi Mines amid these shortages. Now is the time to invest in AMSLF.
https://www.greencarreports.com/news/1123981_vw-holds-battery-suppliers-tight-amid-anticipated-shortages
EV battery suppliers face glut of lithium, tight supply of ther metals
Lithium is a critical ingredient for today’s electric-vehicle batteries. Although a host of chemistries show promise—such as sodium-ion, fluoride-ion, or iron-ion—lithium-ion is proven, and the demand for it has been increasing rapidly as electric cars take off.
And yet lithium has become unexpectedly plentiful and a lot cheaper this year. According to the Financial Times [subscription req’d], lithium prices are in a slump—due to a drop in demand from China, as government subsidies expire, combined with a rapid increase of production from new mines in Australia.
Prices for the core raw-material product, lithium carbonate are down 13 percent this year; and the Solactive Global Lithium Index, which tracks the performance of companies active in exploration and mining of lithium, is down more than 50 percent since January. Other major producers are reporting earnings and profits down significantly.
The FT anticipates that in 2021, 56 percent of the world’s lithium-ion battery capacity will be in China, with 19 percent in Europe and 14 percent in the U.S.
Although future innovations pertaining to battery cathodes could help increase energy density—with a different balance of cobalt, nickel, and manganese—lithium will remain the preferred electrolyte. And even in a migration to solid-state cells with a solid electrolyte, lithium is anticipated to be the favored one for many years.
Don’t expect complete automotive cells to go way down in price because of the lithium glut. The concerns over cobalt supply (and its troubled sourcing from the Democratic Republic of Congo) haven’t gone away. Nor has the surge in nickel prices this year, which may be linked to battery supply issues seen earlier this year.
Electric vehicles remain on a track toward affordability and cost parity with gasoline cars in the next decade, although Bloomberg New Energy Finance has projected that the rapid affordability gains for batteries in EVs will slow somewhat over the next few years. The average electric-vehicle battery pack price, it has reported, is still falling significantly from today's $176 per kwh, to $94/kwh by 2024 and $62/kwh by 2030.
These supply issues of certain battery metals, especially nickel will only get worse. Australian Mines LTD (AMSLF) has a lot of nickel. AMSLF is a good investment.
https://www.greencarreports.com/news/1124776_ev-battery-suppliers-face-glut-of-lithium-tight-supply-of-other-materials
Miners Love Australia, And Here’s Why
Australia’s government policies are pro-mining, and the nation hosts a variety of mineral reserves, attracting miners from all over the world, said David Grabau, Senior Investment Specialist of Resources & Energy at Austrade.
“We’re really encouraged by the policies we have to help mining, to assist mining investors across both the Commonwealth of Australia but also in state and territory levels. We also know that mining is a huge part of the Australian economy; $217 billion worth of exports last year,” Grabau told Kitco News on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto.
This is why Australian Mines will take off. Invest in AMSLF while you still can.
Tesla Model 3 Longer Range Battery Tech in Works for China
The tech is constantly improving. Electric Vehicle mass adoption is right around the corner. The time is now to invest in Australian Mines LTD (AMSLF).