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    $3 by xmas??? while lke a dog..

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    VUL absolute beast.....30$ stock imo

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    $3 /$5 yes $30 no...dyor

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    5+yrs when full EV swing underway, self driving garbage trucks, taxis, personal craft

    Low SOI atm if they can keep a lid on expenses, white oil boom. imo

    1 like
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    jeesus i missed this one.

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    Now comes the Europa Tesla - and a German battery factory

    n addition to car production, the world's largest battery factory is also to be built in Grünheide. Elon Musk also wants to develop a new model specifically for the European market. He justifies this with a personal experience in Berlin.

    E.lon Musk has big plans for the Tesla factory in Brandenburg. At the European Battery Conference organized by the Federal Ministry of Economics, Musk announced that the American electric car manufacturer will also build the world's largest battery factory in Grünheide, in addition to car production.

    Tesla is planning to build a battery factory with a capacity of around 100 gigawatt hours in Brandenburg . Later, production could even be expanded to 200 or 250 gigawatt hours.

    Musk also plans to develop a new model for the European market in Germany. He was thinking of a compact class car, which was particularly popular in Europe.

    “There are talented designers and engineers in Europe and the best people want to work there and implement their own ideas, they don't just want to copy something that was designed in California,” said Musk. You also need a model that is adapted to the conditions in Europe.

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    The lithium company up 1200pc this year
    Vulcan's 1200pc share price gain points to support for an unproven green story as peers look closer to the finish line.

    Hans van Leeuwen
    Hans van LeeuwenEurope correspondent
    Dec 7, 2020 – 12.00am

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    London | There are more than 30 lithium-exposed stocks on the ASX, and the growing drumbeat of the worldwide battery revolution means the share prices of quite a few have been on the march.

    But the real Energiser Bunny has been Vulcan Energy Resources.

    If you'd bought in at the start of January for 16¢ apiece, by Friday's close of $2.13 you'd be up 1231 per cent.Several other lithium plays have more than doubled in price, but none has come close to this spectacular pile-on. What's so special about Vulcan?

    Batteries included ... Vulcan's share price has been the Energiser Bunny of lithium stocks.

    Aside from the booming share prices, the industry hasn't exactly had a ring of confidence about it. The lithium carbonate price has been bumping along a trough all year, and is 77 per cent below its late-2017 peak.

    Still, there's a pretty simple base case for investing in lithium stocks: the transition to electric vehicles (EVs) now looks set to put pedal to metal, so demand for lithium should accelerate fast – as much as 91 per cent by 2024, suggests S&P – driving up the commodity's price.

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    Meanwhile, the long lithium price trough has put a brake on new investment in production, so a supply squeeze will hit at pretty much the same time. And that means companies with projects coming onstream soonish should be in the box seat – or so investors are betting.

    What's more, the beating heart of higher battery demand will be Europe. The car makers there are in a hurry with EVs, there are government targets – Britain just announced a ban on sales of new petrol or diesel cars from 2030 – and the Continent has steep targets for transitioning to renewable energy.

    This means Europe's thirst for lithium, both for the car industry and for battery-based energy storage – to compensate for the intermittency of its wind and solar power generation – looks near unquenchable.

    And in the new geopolitical environment that US President Donald Trump has built and his successor Joe Biden will probably not dismantle, the Europeans don't want to be relying on China – so they want to get the lithium elsewhere, preferably close at hand.

    Greener approach
    So far, that's a story that could benefit any of the European-oriented lithium plays. And the trio of hard-rock lithium extractors look to be a few steps ahead of Vulcan: European Metals Holdings' extraction and processing plant in the Czech Republic could be in the construction phase next year; Infinity Lithium's project in Spain could be processing by 2023; and European Lithium has even talked bullishly about 2022.

    Vulcan's point of difference is that it's going for a much greener approach to getting lithium out of the ground, combining the processes of generating thermal energy and extracting lithium. It hopes this zero-carbon twist will chime with European governments and corporate customers and give it an extra leg-up.

    At its site in Germany's Upper Rhine Valley, Vulcan will use a geothermal plant to extract hot, lithium-rich brine from 2000 metres underground. The heat is extracted for turbine-generated electricity, and the lithium is extracted for processing.

    The refining into lithium hydroxide is powered by the plant's own geothermal supply, and surplus electricity will be sold into the German grid as an additional income stream. The expended brine is returned to the underground reservoir, rather than accumulating in evaporation ponds like the brine projects of Latin America.

    This is why Germany's Alster Research put a "buy" recommendation on Vulcan in late September, with a $2.55 price target (the stock is one of many ASX companies that can be traded on the Frankfurt Stock Exchange). It said the potential resource of 15.37 million tonnes of lithium carbonate equivalent was "an outstanding magnitude, which is likely to attract increasing attention among investors".

    The Rhine Valley turns out to be one of only two known places worldwide where lithium can be extracted from brine.
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    Alster sees more promise in Vulcan's resource and its tech than at Standard Lithium, a comparable US brine operator fancied by investors, and reckons the zero-carbon element could mean Vulcan can sell its product at a premium.

    But wait. Vulcan hasn't yet released its prefeasibility study – the essential first step to even demonstrate the concept is viable.

    Beyond that, there's another longish stretch of road to the definitive feasibility study next year, and only then does the company get to the fundraising and the planning approvals.

    European blue-sky
    While investors seem confident Vulcan can clear all these hurdles, some industry observers ask whether it will be completely straightforward.

    German planning law is tough, they say, even for a site that is at least initially a brownfields venture (bolting a lithium extraction process onto an existing geothermal plant).

    Vulcan responds that its process is minimally environmentally intrusive, so it shouldn't raise community hackles; and chief executive Francis Wedin points to the experienced German players on the team, who have a track record at navigating these approval processes.

    Everyone is building up towards that feasibility study – it's our first chance to talk publicly about the project metrics.

    — Francis Wedin, Vulcan CEO

    Then there's the question of whether the German car makers would rather sign offtake agreements (commitments to buy the product) with a company that is almost good to go, like some of Vulcan's rivals, over something a little less tangible.

    "It's our hope and expectation that we'll have offtake agreements in between completing the feasibility study and the definitive feasibility study," Perth-based Wedin tells The Australian Financial Review.

    He says potential customers are attracted to the promise of cutting their carbon footprint. And given the demand for lithium in Europe, it's not a zero-sum game.

    "Its not really a cut-throat competition space – everyone wants to see production starting," he says.

    Wedin still hopes to get the all-important prefeasibility study done by the year's end.

    Qiao Nan Han, vice-president of Maoneng Group.
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    "Everyone is building up towards that – it's our first chance to talk publicly about the project metrics," he says. "We're planning to get it finalised by the end of the year. It's pretty tight, but we're hopeful."

    That might either confirm investors' existing hefty punt, or give them pause for thought, or even give the share price another volcanic burst. Wedin, for one, is assuming nothing: "The market is a fickle beast," he observes. It has been quite a ride so far.

    Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Han

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    $3 XMAS ??

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    lets hope santa come $3

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    $3 here we come $$$$$$$$$$$$$$

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    $3 here we come $$

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    $3 hit nice

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    boom boom ..

    1 like
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    go vul biden clean seep all green policy $5 party?

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    Madcap 4640pc share gain turbocharges lithium producer Vulcan
    Hans van Leeuwen
    Hans van Leeuwen
    Europe correspondent
    Jan 18, 2021 – 11.04pm

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    London | Wannabe lithium producer Vulcan Energy has climbed fresh heights in a dizzying upward share price spiral: its one-year gain mounted to 4640 per cent on Monday, after the Perth-based start-up on Friday unveiled a prefeasibility study and a new high-profile investor.

    AFR Rich Lister John Hancock has taken a 5.2 per cent stake in the company - worth about $29.7 million at Friday's close but already delivering a handsome gain of 40 per cent on his first full day as substantial shareholder on Monday.

    Vulcan will operate in Germany's Rhine Valley. Getty

    The price has more than doubled since the start of the year, closing at $9.02 on Monday, from $2.76 on December 31 last year and $0.19 a year ago.

    Vulcan plans to build a lithium extraction and processing plant in the Upper Rhine Valley in western Germany, using the same site to both harvest the material from brine and also produce geothermal energy that will power the facility.

    This means the project will be zero-carbon, which could make the lithium particularly attractive to German electric-vehicle makers and other battery users, as they attempt to meet Europe's stringent emissions targets.

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    But the project was largely still conceptual and untested until the release of the prefeasibility study on Friday - in which Vulcan claimed it would be the world's lowest-cost lithium producer, and with net negative carbon emissions.

    The study suggested Vulcan would be able to produce lithium hydroxide at an operating cost of €2640 ($4138) a tonne, compared with €4934 a tonne from South American brine processing and €5760 from Australian hard-rock processing converted in China.

    Vulcan estimated that lithium hydroxide would overtake lithium carbonate as the dominant lithium compound for batteries in the next few years, and European demand would surge from 2023 and outstrip expected supply. That would drive up prices and bolster the economics of the project.

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    In the most optimistic development scenario, where both parts of the project are undertaken simultaneously, that would mean post-tax internal rate of return of 21 per cent, on revenue of €652 million a year - including from selling surplus renewable energy into the German grid.

    The company will be trying to strike offtake agreements with potential lithium buyers this year, which will be the next critical indicator as to whether the project will fly. Managing director Francis Wedin said 2021 "should be a transformative year".

    Some market watchers have suggested that European manufacturers would prefer to seal deals with lithium producers who are closer to production, and using conventional, proven methods.

    But with demand likely to jump and Europe looking to reduce dependence on China, Vulcan's argument has been that there is a rising tide that will lift all boats.

    Mr Hancock - son of mining magnate Gina Rinehart, and ranked 40th on the AFR Rich List with an estimated wealth of just over $2 billion - voiced confidence in the project, which is largely the brainchild of British-born geologist Mr Wedin.

    John Hancock revealed a 5pc stake in Vulcan on Friday. Philip Gostelow

    "The EU desperately needs a local supply of lithium hydroxide and Francis has found the right project and management team to deliver it," he said.

    If the project takes place in two phases, lithium will be produced from mid-2024 with an annual output of 15 kilotonnes, with another 25 kilotonnes coming onstream a year later.

    Pilot work will begin this year, in parallel with the planning and permission applications that are being handled by the company's German partners.

    The capital expenditure across the two phases would be €1.73 billion, with the company looking at financing in mid-2022.

    Hans van Leeuwen covers British and Euro

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