Nothing is surprising here and now we all know the reason why.
The short answer: All cars will be electric and the rest is history. If you like some details you are welcome! Nobody knows the future. We can only speculate and try to extrapolate the existing trends into the future. I would like to remind you that all expressed opinions on this blog are my personal ones and do not reflect the official position of any companies I am involved with.
Actually, I do not have anything against oil and, particularly, those hardworking women and men who were powering our technological progress for a little bit more than one hundred years. I just hate to pay so much for my petrol - guilty, I like Big and Powerful cars. Particularly I hate that this money is going to pay for Wars and provide dirty politicians which are bathing in oil denying the climate change. And I hate that my own money will pay for the use of One Hundred Years Old Technology based on controlled explosions of Dinosaurs Poop with less than 35% efficiency: heating everything around it and chocking us all with deadly air pollution. But not for long, Elon Musk has changed everything - I can get my Big and Powerful car from Tesla now.
I am just thinking about The Next Fifty Years here on this blog. We will pay to Oil our due respect at the appropriate time, but today I would like to share with you a few observations from my latest research. Please, stay tuned - I will publish the sources for your own conclusions later.
Electric Cars have reached The Point Of No Return. Whatever happens next to Oil is not relevant any more. With more expensive oil we can have our iPod Moment chart of EV adoption rate just going even steeper. With lower price for oil we can just listen about the coming doom for electric cars for another few months and those journalists will have just a little bit more time to find another jobs. FED is hiring by the way - they will need a lot of spin to keep this Market Ball rolling. To paraphrase: the stone age has gone not due to the lack of stones … Electric Cars are just better, they are more powerful and they are getting cheaper now.
This point of no return was reached not only because of the exponential take off, finally, in sales of EVs. It was made by Elon Musk alone. Tesla Gigafactory, when Musk has committed billions of dollars with the total lack of any Wall Street accepted visibility, has changed everything. Our Holy Grail for Electric Cars is approaching very fast now. Mass market for EVs will be ignited by the dramatically reduced cost for Lithium Batteries - $100 per kWh will come with the mass production of batteries. Elon Musk has started the Lithium Race. I am writing a lot about Lithium Batteries Megafactories coming now from Foxconn, BYD, LG Chem, Boston Power, Samsung and A123.You can find all these information on my blog, just use the search engine. Read more.
Today I have the opportunity to share with you, finally, the very good news which all our International Lithium Team was working very hard to deliver. It is one of many more to come and a very small token of appreciation of the value that we all have managed to build despite of the total massacre in the junior mining.
We have found new very strong partners who is sharing our vision of the future. This future is already here, it is just unfortunate that not everybody has it noticed. All cars will be electric. Lithium is the magic metal at the very heart of this rEVolution.
International Lithium is plugged into this Next Big Thing with our Team, Projects and Strategic Partners. Now the tide is coming: we have the beautiful boat, very strong Crew seasoned by the storms and today we are putting up our sails.
We are making our financing at the more than double premium to our market price just one month ago: at 8 cents vs 2.5 cents low in August. Any journey is full of uncertainties and risks; and it is always safer to stay on shore. Please read carefully all our legal disclaimers.
Nothing is for certain apart from death and taxes in this world, but we know how to navigate once we are at sea. And today I am pleased to share with you our destination:
I have written extensively about International Lithium and our strategic partner Ganfeng Lithium. Our J/Vs in Argentina and Ireland are financed by this giant from China and we have very important access to the technology. Basically we are building the secure supply chain for Ganfeng Lithium using their expertise in raw materials needed for production of battery grade lithium from the very beginning. Our brine bulk sample from Mariana is being tested at Ganfeng state-of-the-art R&D facilities in China and in Ireland we have identified 22 exploration targets. Now, according to our latest NR, we are waiting for the approval of the budgets for both projects to be rapidly advanced after very encouraging results were received from the last exploration stage this year.
Today I would like to show you another side of International Lithium. We have the very strong technical team headed by our CEO Gary Schellenberg. Anthony Kovac - our COO and John Harrop - our VP of Exploration are among very few top level exploration managers and geologists in lithium sector. This Team depth has allowed International lithium to attract Ganfeng and strike two major J/V deals in all our industry. These days we are getting the first fruits of this very hard work. Coming volume shows that market is waking up and we are receiving at least some recognition of the value we have been building all these years.
I am talking a lot about the security of lithium supply and Tesla Lithium Hydroxide Supply Deal is another proof and was noticed by market overnight. Now venture capital is knocking on all doors chasing the upstream supply chain for electric cars and Energy rEVolution.
We have another great project at International Lithium: Mavis Lake Lithium And Tantalum Project which is located in mining friendly Canada in the area with excellent infrastructure and very encouraging initial exploration results with high grade Lithium and Tantalum. It will be our next strategic advance for the company. With J/Vs moving forward we are looking for the strong Strategic Partner to develop this project for the potential supply of this strategic commodity for the ongoing Next Industrial rEVolution. West will wake up one day to the fact that China has managed to control now not only over 90% of REE production, but 75% of Battery Grade Lithium Hydroxide as well.
Security of Supply means exactly this - Security. When the price is taking the second consideration and availability of critical materials is taking the central stage. My personal mission is to make this Security happen for the Western world for real as well, even if this part of the World still lives by HFT rules and Q by Q performance reflecting the coming bonuses. Our Asian friends are beating us all here with the state-level plans looking for The Next Fifty Years and building new strategic industries like Electric Cars in China.
We have Elon Musk, we need more like him, but it is a very good start. Our strategic partner for Mavis Lake is waiting somewhere in between of latest Q performance reviews. If you know the one - you know whom to call. Now I do not have really to explain any more What Is Lithium For - Elon Musk has made the great job and every single Tesla Model S is the best moving ad of the things to come. All cars will be electric and it will be very soon. And by the way any new hard rock mine for Lithium will take 5-7 years to build Lithium brine operations will take 4-5 years at best.
Why International Lithium? You can check presentation above. Read more.
Energy And Policy Institute:
"Fossil fuel and utility interests, concerned about the rise of cheap clean energy, continue to finance attacks on pro-clean energy policies in an effort to delay the growth of their competition in the marketplace. These companies, along with the Koch Brothers’ political network and front groups, want to continue selling as much coal, oil, and gas as possible — and, in their effort to roll back clean energy policies, are spreading misinformation about clean energy and the energy market.
A main component in the strategy to stop the growth of renewable energy is to fund front groups, who then attack clean energy policies across the United States. While corporate interests also lobby politicians and regulators, these front groups serve a fundamental role in these assaults by adding a supposed independent, anti-clean energy voice to energy policy debates.
This report highlights the front groups and utility companies involved in attacking net metering and renewable energy standards, as well as the states where debates played out.