Wednesday, 29 July 2015

Dump The Pump: Warren Buffett And Elon Musk To Spark A Lithium Boom.

  

  
  I find it quite symbolic that Oil Price has published this article by James Stafford. Our lithium story is getting on the investors' radar screens, the process is slow and masqueraded by the carnage in commodity sector. People and companies who are building their portfolios cannot imaging more opportune time: Elon Musk and Warren Buffett are making the broad market appeal for electric cars and solar energy, but lithium market itself is still full of smoke and mirrors. And now just wait for the official confirmation from Apple about electric iCar to spark all electric cars market and hedge funds start fishing upstream all supply chain. This is where Lithium comes into play as the strategic commodity, where security of supply is the most important now. The disparity in commodity and technology valuations create great opportunities for those who can think long-term and cherry pick the best assets at the rock bottom valuations. Where to go: always do your DD and follow the smart money from industry insiders. I will provide links for your research and share all publicly available information about International Lithium and our strategic partner Ganfeng Lithium. Please do not hesitate to contact myself on any of the social media platforms or at International Lithium. We are here to make this rEVolution happen. Dump The Pump.



Mr Li Chairman of Ganfeng Lithium and Mr Klip President of International Lithium.





International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.







  This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.






Oil Price:

Warren Buffett And Elon Musk To Spark A Lithium Boom



By James Stafford

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar.
It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.
And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.
Not since the shale boom have we seen a market transformation of such significance. Lithium has long been used for a variety of mundane purposes, and while the variety is spectacular—with applications in everything from glass, ceramics and greases to a line-up of industrial process—it has flown under the radar for most investors.
Supply has always largely managed to keep pace with steadily rising demand for lithium, and while the mineral is slated for growth with or without the ‘battery explosion’, Tesla’s gigafactory will spark a phenomenal spike in demand that will be no less exciting than the shale boom.
Not only will battery gigafactories change an already attractive lithium demand picture, but the suppliers themselves will change, making way for newer entrants—with more foresight and better technology--that will provide some of the best investment opportunities in the sector.
The lithium story cannot be told without first telling the Tesla story. Tesla Motors (NASDAQ:TSLA) is developing a cheaper line of electric cars for release later this decade, and to achieve this it is constructing a $5-billion gigafactory to build 500,000 electric cars with the objective of lowering the cost of batteries by at least 30 percent.
Moreover, around one-quarter of the plant’s capacity may be for Tesla’s stationary storage business, which also sells backup batteries for homes, businesses and utilities—all fueled by lithium.
According to Tesla’s brainchild, Elon Musk, demand for stationary storage batteries has skyrocketed to the point that an expansion of the gigafactory may have to be considered before it is even built.
Musk is eyeing a “complete transformation of the entire energy infrastructure of the world to completely sustainable zero carbon,” and what he’s talking about here is lithium-battery production on a mind-blowing scale. Tesla is planning to produce more lithium-ion batteries in this factory than in the entire global marketplace combined. 
Lithium—the lightest and most versatile of the metals—is the backbone of this exploding battery market. Lithium is already a key part of our everyday lives, but as batteries become the rule of the day in a new global energy picture, demand for lithium is soaring—and we are only at the beginning of this curve.
Battery manufacturers across the board are moving to lithium because it has the highest electric output per unit weight. And nowhere will this demand soar more than with the production of hybrid, plug-in hybrid and electric vehicles used by everyone from Toyota (NYSE:TM), Honda (NYSE:HMC), Nissan (NYSE:NSANY), Renault (EPA:RNO), and Mitsubishi (NYSE:MSBHY), to Ford (NYSE:F), Chevrolet and GM (NYSE:GM). And of course Tesla Motors. Without lithium, there will be no gigafactory. In fact, this factory alone will need 15,000 tons of lithium carbonate a year just to get started.
We are on the edge of a profound competition over batteries as Tesla drives down lithium-ion battery production costs, lowers the benchmark and increases cost competition. The response will be new entrants to this market, and competing battery gigafactories.
Tesla’s competitors will make this one of the biggest battles of the century—a battle the entirely depends on lithium supply. Tesla’s biggest rival will likely be Build Your Dreams (BYD), the Chinese automaker backed by Warren Buffet. Already, BYD is building electric buses on American soil and has global gigafactory ambitions. By the end of the year, according to Reuters, BYD should have 10 GWh of battery production capacity, which it expects to increase to 34 GWh by 2020 with a new factory in Brazil—about the same capacity as Tesla’s.
Other Tesla rivals rushing to the battery production scene will be iPhone manufacturer Foxconn and LG Chem, which is already one of the top three battery makers. Samsung is also hot on the trail, having just acquired Magna’s battery production division.
According to Credit Suisse, the lithium industry is “poised for significant volume growth,” which could lead to shortages of supply. As a result producers of lithium are set to enjoy significant earnings throughout the decade. 
Even before Tesla’s gigafactory – and its rivals – entered the picture, global lithium consumption had doubled in the decade before 2012, driven largely by its use in lithium-ion batteries for cell phones and power tools. Then electric cars hit the scene in earnest, further boosting demand for lithium, while Tesla’s gigafactory is expected to use up as much as 17 percent of the existing lithium supply, according to Fortune magazine, citing Goldman Sachs.
For investors who are just catching on to the lithium battery revolution, the best way to play the game is to look past the traditional lithium producers. In this boom scenario, investors will be looking at companies with the lowest market caps, solid management and highly prospective deposits.
Currently, lithium is not traded as a commodity; rather, it is managed through a kind of oligopoly situation where there are three or four major suppliers globally and they have rather successfully managed supply and demand for lithium over the past decades. Because of this, everything is priced on a contract basis.
“The problem is that these three or four major suppliers have been responsible for supply and demand but they are not going to be able to meet new demand for lithium,” Dr. Andy Robinson, a Ph.D. in Geochemistry and the COO of Pure Energy Minerals (OTMKTS:HMGLF), told Oilprice.com.
As Robinson points out, however, not all lithium is equal. It’s sold in different types for different prices. For instance, lithium carbonate sells for around $6,000 per ton and is used to make some of the materials for new battery technology. However, many of the new battery technologies—particularly those used by Tesla—use lithium hydroxide as the starting material, which trades at around $2,000 more per ton than lithium carbonate.
And lithium found in salty water, or brines, is by far the most cost effective. According to Dr. Robinson, “brine is the best way to produce lithium because it’s so cheap, as nature has done all the hard work in rendering the lithium into a form that is easy to extract from the ground. All you have to do is drill a few wells and pump the liquid brine.”
Furthermore, there are only a few places in the world where lithium is present at high enough concentrations in these salty brines and the most famous is in the Atacama Desert, in the “Lithium Triangle” of Bolivia, Argentina and Chile. Supply here is threatened by corruption and politics, making it difficult to capitalize on burgeoning demand.
When Tesla’s gigafactory comes online, everyone will be looking for cost-effective lithium sources closer to home, which brings us full circle to the state of Nevada, where Pure Energy Minerals has the only potential future brine resource in North America. The only other brine resources are located in China, are much smaller and are controlled by Chinese companies.
Lithium is increasingly the tech of choice for battery banks across the board, and when Tesla’s gigafactory is producing batteries one year from now, the winners in this emerging battery boom will be those behind the lithium, and those following the brine.
By James Stafford of Oilprice.com"

Tuesday, 28 July 2015

Frank Holmes: Gold Due For Rally As Negative Sentiment Reigns.



"Gold prices were trying to benefit Monday from a sharp sell-off in the Chinese equities overnight. China’s stock market saw the biggest one-day drop in eight years, as the Shanghai composite index closed 8.5% lower Monday. “There is so much manipulation, someone is front-running or trying to manipulate the price against an already building short position – now it appears to be a crowded trade of excessive shorting in gold and we are due for a rally ,” says Frank Holmes, CEO at U.S. Global Investors. “It appears there are two things that happened last week- someone knew that the Flash PMI out of China was going to be negative and they hit the market a week ago and it seemed to be synchronized,” he says. During Asian trading hours last week, investors dumped more than $500 million worth of bullion in New York in a matter of seconds, with selling occurring almost simultaneously on Chinese markets, Holmes explains. “The sheer scale of order flow across both the Shanghai Gold Exchange and the Shanghai Futures Exchange, where combined volume on Monday surpassed the notional equivalent of 250 tons, led many market trackers to speculate that Chinese hedge funds were behind the move,” Holmes says. The selling pressure in China is coming amid concerns the Chinese government will not continue its recent efforts to prop up Chinese share prices, including forcing sellers to the sidelines and limiting trading in some shares. Holmes adds we could see a gold rally as early as this week. “All this talk about rates going to rise is bizarre because ten-year government bonds are making a new low, lower than a year ago and lower than two years ago - I don’t see anything for them to go higher with,” he says ahead of this week’s Federal Open Market Committee (FOMC) meeting, which begins Tuesday morning and ends with the release of its monetary policy statement Wednesday afternoon. Tune in now for more comments from U.S. Global Investors' CEO Frank Holmes. Kitco News, July 27, 2015."

And the big picture:

TTIP, TTP And NWO Vs China And Gold - Cutting To The Chase Of Geopolitical Sleepwalking With Velina Tchakarova.

  


  It can be heavy for Sunday morning, but I will throw few more here: AIIB, China with SDR and OECD. GMOs have produced great audience for the evening talk shows and FB time line, but some bright people are still connecting the dots. I will put my angle on this brilliant piece from Velina Tchakarova. Why China buys Gold and what is really happening with the world now? If it is a newly found FED printed prosperity than why do we have constant wars from Ukraine to Syria, ISIS, Iraq, Armenia, Azerbaijan - just to name a few? I guess it is the same old War For Resources, hopefully it will stay Cold and Currency Wars are just part of this master plan. NWO is coming, but maybe it will not be the same as hoped by some and these people are very angry and loosing their cool over it - welcome to the new brave world, which is just trying to get off The Oil Needle.


Tony Seba: Clean Disruption - 100% Electric Cars And 100% Solar Energy By 2030.



FED's Mission Impossible: "Gold Is Dead And Nobody Loves It Any More."





  Some Central Bankers in the world were popping champagne last week on the FED's Mission Accomplished and "the total meltdown of Gold". Some other Central Banks were just buying more of it. Who will be right - nobody knows for sure, but I like the sentiment. Hedge Funds are Net Short Gold for the first time, "China has announced much lower reserves than expected" and I personally tired even to think about the "barbaric relict" which is going to zero.  Before I make my best trade shorting Gold into the dust I would like to throw some charts and links for Lithium induced meditation.
  First chart above actually shows a wash out capitulation and Buy signal on Volume and Candles, all indicators are positive for reversal. Dan Popescu @PopescuCo has published few very interesting charts below and HedgehogTrader @HedgehogTrader has exceeded his monthly limits of tweets about the yellow metal on Friday. In case if rumours about Gold's Death are exaggerated, TNR Gold's "Vault" is still secured in Alaska and guarded by bears waiting for its time to come.


ZH: US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low.






Lithium Race: The Youxia X Is A New Electric Super Sedan From China "To Compete" With Tesla.

  


  Here we go: China is at its best in reverse engineering. Amount of money which is flying in China now with state level support of electric cars will allow even such brave experiments as trying to fight Tesla Motors with its copycats. Safety and battery performance will make all the difference here - price tag of 50% of Tesla Model S can find its own followers in China. It will be very important that cheap knock offs do not kill the healthy desire for electric cars, but hopefully regulations in China will keep up with safety in the exponentially growing market for EVs.


Lithium Race: Electric Car Sales Accelerate In Beijing.


"Xu Heyi, chairman of BAIC Group, has forecast that China will become the world's biggest electric car market in 2016, or probably this year."


  We have another catalyst to unlock the real potential of the largest auto-market in the world for electric cars. These additional benefits can bring us the tipping point for EVs in China even before Tesla Model 3 will create the mass market there. 


International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.





  This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.








CarNewsChina.com:

The Youxia X is a new Electric Super Sedan from China

PUBLISHED ON JULY 27, 2015 BY TYCHO DE FEIJTER
The Youxia X is a new Electric Super Sedan from China
This is the incredible Youxia X electric super sedan, unveiled yesterday evening in China and set to compete against the upcoming Tesla Model 3. Power comes from an electric motor with 348hp and 440nm, and range is 460 kilometer. Production is scheduled to begin in late 2016 by a new Shanghai-based company called Youxia Motors.
youxia-x-china-2
We feel pleasantly surprised by the beauty of the car but unpleasantly screwed because we, and all Chinese automotive media, were led to believe Youxia Motors was going to unveil a sportscar called the Youxia One. But they didn’t. All references to the Youxia One have been removed from the Youxia website, except here (scroll down), and the status of the project is unclear.
But let’s forgive Youxia for now and focus on the X:
youxia-x-china-2a
A great ass and we just love Pink shoes. As for the car; the Youxia X is by far the most beautiful vehicle we have seen coming out of China, ever and period. Rear light units are superb, and so is the subtle rear wing integrated in the boot lit. Profile is sleek and sporty, the wheels are huge and fitted with shiny silver multispoke alloys.
youxia-x-china-2b
A bit of Tesla up front, but certainly not too much. The grille is a work of art, more on that below. The name of the car and company, ‘Youxia’ (游侠), comes from the Chinese name for the American ‘Knight Rider‘ television series (霹雳游侠), starring a car called KITT and a man called David Hasselhoff.
youxia-x-china-2c
The Youxia X is the brainchild of the 28-year old (!!!) Knight Rider fan Huang Xiuyuan, who claims he first saw the X in a dream he had back in 2014. He then assembled a team of 50 engineers and designers that eventually developed the Youxia X. Production is scheduled to start in 2016 and deliveries will begin in early 2017, if everything goes according to plan.
Price will range from 200.000 to 300.000 yuan ($32.000 – 48.000). Surprisingly cheap for such a big car but the amount includes the entire 90.000 yuan green-car subsidy of the Chinese government. Youxia says this price will set up the X for competition with the upcoming Tesla Model 3.
youxia-x-china-2d
The Youxia X will be powered by an electric motor with a peak power of 348hp and 440nm, mated to a 40kWh, a 60kWh, or a 85kWh battery. 
Range with the latter is claimed to be 460 kilometer, with a 0-100 acceleration of 5.6 seconds. Range with the 60kWh stands at 330 kilometer and range with the 40kWh at 220 kilometer.
Charging of the 85kWh battery takes half an hour on a supercharger for a 270 kilometer range. No other claims on charging announced.
youxia-china-4
The vehicle unveiled had an interior but photos were not allowed, likely because it wasn’t completely finished yet. Happily, Youxia has a bunch of pics on its website, showing a very impressive high tech interior with an almost unbelievable 17.3 inch vertically positioned touch screen in the center console.
youxia-china-4aa
The operating system is called… no kidding… ‘KITT OS’. It is based on another operating system which is called ‘Youxia OS’, which is based on Google Android 5.0 (other company sources say 5.1). The system promises full connectivity with Android and Apple devices, including Apple Watch. It is fully inter-connected, has an in-build wifi hotspot, comes with television, and with a function allowing full remote control of the vehicle, similar to the BYD Su Rui.
youxia-x-china-1z
The system can pipe the sound of your favorite car into the cabin for that racy electric feeling. The list includes the brand new Ferrari 488 GTB, the ultra-rare Ferrari Sergio, the Ferrari LaFerrari dubbed the Ferrari Sergio, and the Jaguar F-Type. No Tesla Model S..?
youxia-x-china-3
The eye catching grille is actually a holographic display, inspired by the Knight Industries KIT 2000 and 3000, the vehicle used in the Knight Rider television show. The screen can display the typical KITT red running lights, or the Youxia logo, or anything else you might like.
youxia-x-china-4
KITT.
youxia-x-china-5
The Youxia logo.
youxia-x-china-6
A cat’s head.
youxia-x-china-7
We are truly impressed by the Youxia X and by the plans the company has for the future. They seem well-funded and obviously employ talented designers and developers. However, taking the vehicle to production will cost a lot of money and effort more, much more indeed than a mere 50 men can handle.
But so far so very good, and we will closely follow the company’s progress. Now, what about that One..?"

Warren Buffett's Midas Touch: BYD Qin Becoming Best Selling Plug-In Electric Car Worldwide.




  InsideEVs reports very interesting development with BYD Qin Plug-In sales. Looks like Warren Buffett has his Midas touch even in technology sector. China is at the tipping point now for mass market for electric cars and the best ones are only coming! You can find more information about Warren Buffett, BYD and mass market developments for EVs in China on my blog.


Lithium Race: Electric Car Sales Accelerate In Beijing.


"Xu Heyi, chairman of BAIC Group, has forecast that China will become the world's biggest electric car market in 2016, or probably this year."


  We have another catalyst to unlock the real potential of the largest auto-market in the world for electric cars. These additional benefits can bring us the tipping point for EVs in China even before Tesla Model 3 will create the mass market there. 


International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.





  This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.


International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland.

  

  We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.




InsideEVs:


"BYD Qin plug-in hybrid was at the end of May the fourth best selling plug-in model worldwide, according to the EV Sales Blog.
But the sales surge this year is so strong that by the end of this year Qin could be #1.
After less than 2,000 sales a month in February, BYD moved around 2,500 in March and April, over 3,500 in May and now over 4,000 in June!
4,015 to be exact, bringing the total sales counter to 16,477 YTD and 31,224 since December 2013. All those numbers concern China (there are probably some low volume sales outside of China, but we don’t have any solid sources for those figures).
Up to date, BYD was increasing pace of deliveries every single month, so we could see 5,000+ soon.
BYD is selling the all-electric e6 mainly to fleets – 505 in June and 2,900 YTD through the end of June.
From August on, our eyes will be directed to another BYD plug-in hybrid: Tang rollout (from early July). In June BYD registered first 412 (probably dealers).
Well, we are not sure yet but the world’s largest automotive market could open the doors for Chinese brands to be world leader in terms of New Energy Vehicles (pure electric and plug-in hybrids) sales. They already did that with electric buses."

Lithium Race: Electric Car Sales Accelerate In Beijing.


  China's plan to develop the new strategic industry: electric cars, is moving fast in all directions. These steps include securing supply of lithium through J/V agreements like Ganfeng Lithium and International Lithium; getting access to latest EV technology through J/Vs with BMW, Mercedes, WV and others; building charging infrastructure with Tesla, ABB and state level plan for wiring requirements to be incorporated in new residential and commercial developments in China. When "War on Pollution" meets with latest Lithium technology and largest auto-market in the world you can expect a lot of sparks to ignite this huge market for EVs! And now it is almost for certain that Apple electric iCar is coming …

Lithium Race: China Builds 25,000 Electric Cars, Plug-In Hybrids In June Alone.



  We have another confirmation of the explosive growth for electric cars in China and the best ones are only coming!


Lithium Race: Tesla to Sell Model X SUVs in China in First Half of 2016.



  What will happen if we take "the best SUV on the market", largest auto-market in the world and "War On Pollution"? I guess it will be a very good chemistry. Elon Musk is leading assault on 4 trillion transportation industry and China is the place where it really matters: Tesla model S and X will pave the way for mass market Tesla Model 3. Now lets check the lithium supply headlines … 
  Chinese lithium industry is getting ready for this coming tide. Ganfeng Lithium is working on security of supply and making deals to get access to the strategic commodity. Ganfeng holds strategic stake in International Lithium and finances the development of our two J/V projects in Ireland and Argentina.

International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.





  This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player.


International Lithium Mariana J/V With Ganfeng: Orocobre Olaroz Lithium Update.

  


  We are following very closely the development at Olaroz by Orocobre. Today company is reporting very encouraging news on its production update and the market conditions. International Lithium and Ganfeng Lithium J/V operations on Mariana are moving towards pilot plant stage and we are very encouraged with our initial results.



Mr Li Chairman of Ganfeng Lithium and Mr Klip President of International Lithium.



English.news.cn:

Electric car sales accelerate in Beijing

"BEIJING, July 27 (Xinhua) -- A growing number of electric cars are running on the streets of Beijing as the Chinese capital battles air pollution that is partly caused by vehicle emissions.

BAIC BJEV, which has a 66-percent of the electric vehicle market in Beijing, sold 6,223 electric cars in the first half of 2015. The company shifted 5,510 electric cars in the whole of last year.

The government has made electric cars more appealing by offering subsidies. In the lotteries through which many Chinese cities allocate number plates, drivers also have a far better chance of getting a plate for an electric car than for a regular vehicle.

One major electric vehicle store said customers need to wait a month after down payment to get the popular EV200 model.

Tesla, which already has 10 stores in China, told Xinhua it would open at least one more before the end of this year.

Regulators and carmakers are also pushing to build more charging stations for electric cars. BAIC is planning to build charging stations in SINOPEC petrol stations in Beijing. The charging process should take about three minutes, it said.

Xu Heyi, chairman of BAIC Group, has forecast that China will become the world's biggest electric car market in 2016, or probably this year."


Monday, 27 July 2015

McEwen Mining And TNR Gold: Scioli Emphasizes Pro-mining Approach In San Juan Province, Argentina.

  



  Finally, we have the great news from Argentina for TNR Gold and International Lithium. The front-runner in the presidential elections in Argentina Daniel Scioli has raised his support for the mining industry in Argentina. Particularly encouraging his remarks on the foreign investments:

"He would “go out to the world” to attract the necessary investments. He argued that he wished to make it clear to employers and future investors that “they will find in Argentina a land of opportunity”. 

  The sleeping giant Los Azules copper is located in San Juan province in Argentina, now project will be getting on industry radar screens with elections fast approaching in October this year. Stabilising situation in China will bring support for the copper prices. 


Los Azules Copper: McEwen Mining and TNR Gold - Copper Prices Could Turn Red Hot Thanks To Alternative Energy.



  Business Insider is making the blast of brilliant Frank Holmes article on copper and alternative energy catalyst. We are talking about it here for a while and now it is time for mainstream investors to have a look at the looming copper supply crunch. Los Azules copper project is very well positioned now to participate in this mega trend.


McEwen Mining And TNR Gold: Los Azules Copper - The Looming Copper Supply Crunch.


 Visual Capitalist provides brilliant infographic on copper supply problem. The catalyst for the market is coming with the huge boom in Solar Energy and roll out of electric cars. 



  With elections coming this fall in Argentina it is time to revisit the potential of Los Azules Copper. This giant copper project in Argentina is under management of McEwen Mining and TNR Gold holds 0.4% NSR and 1% on sale of the project. All three major candidates have announced their support for the mining industry in Argentina. According to Rob McEwen, this winter number of interested parties were visiting Los Azules. Project is for sale and it is only the question of time now when it happens. We are approaching the anniversary of Taca Taca sale by Lumina Copper, which Rob McEwen is using as the benchmark for Los Azules value. On the links below you can find more information about Los Azules and TNR Gold assets in this project. Please carefully read my legal disclaimer, all technical data provided by McEwen Mining is for information only, you should not be relying on it to make any investment decisions. "Qualified Person"  of TNR Gold as defined under NI 43-101 was not able to verify all these information. Read more.



  "Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."


McEwen Mining:

Scioli emphasizes pro-mining approach during seminar in San Juan Province

"As we anticipated (see Bi-Monthly Mining Report of July 10), Buenos Aires Governor Daniel Scioli vocalized his strong support for “sustainable mining” at a seminar in San Juan Province on Friday July 17. In fact, at the event, Scioli went even further than expected in emphasizing the industry's economic benefits and statements regarding his plans if elected. 
To begin with, Scioli highlighted the importance of mining to Argentina’s economy, both at present and in the future. Alongside his vice presidential running mate, Legal and Technical Secretary Zannini, Scioli said “mining has the capacity to generate USD 30 billion in the next four years and hundreds of jobs”. Similar to previous statements, he argued that sustainable mining is part of the national development agenda and “a cornerstone, like energy sovereignty, agribusiness, science, technology and tourism”. He argued that if elected, his administration would aim to strengthen the industry’s productivity and competitiveness. In doing so, Scioli emphasized that his government would seek to replicate the experience in San Juan, where Governor José Luis Gioja has managed to successfully balance the interests of various stakeholders, including companies, workers, local communities, indigenous populations and environmental groups.
In addition, the presidential front-runner made two important points about how his administration would help drive the industry's growth. Firstly, Scioli stated that he would not simply wait for foreign investors to take an interest in Argentina's mining industry. Instead, he would “go out to the world” to attract the necessary investments. He argued that he wished to make it clear to employers and future investors that “they will find in Argentina a land of opportunity”. Secondly, Scioli underlined the importance of a federal approach to mining, arguing that he would support and strengthen the “productive federalism" of the provinces. This latter point was later echoed by one of the Argentine Development foundation's (DAR) experts on mining and Secretary of the Latin Mining Organization (OLAMI), Hugo Nielson. Following the seminar, Nielson said that Scioli would like to work towards creating a more unified (and supportive) approach to mining in Argentina. Nielson revealed that if elected, Scioli would aim to sign a new federal agreement on mining with all of the provinces, emphasizing that his administration would consider the individual circumstances of each jurisdiction.
The event has been widely reported in the Argentine press and was well-attended – including by mining companies, service providers, unions and representatives from most provinces – in a large part due to Gioja's influence. Although originally designed by Nielson as a gathering to discuss technical issues, the seminar quickly developed into a political event. Gioja, a close friend of Scioli, suggested that the seminar be proceeded by a gathering of the Federal Association of Mining Provinces (OFEMI). Following the meeting, Scioli announced that Buenos Aires Province would be joining the organization (as will Tierra del Fuego). In addition, the morning of the seminar, both Argentina's mining chamber (CAEM) and a group of service suppliers released communiqués that were highly critical of the current administration's approach to mining, particularly that of federal Mining Secretary Jorge Mayoral. As a result, according to our sources, Mayoral was asked to refrain from speaking at the event. 
Cefeidas Group"