ElecTrek reports on the Tesla talks with Germany to build there Gigafactory 2. International Lithium is very well positioned to participate in this Lithium Race with its J/V Avalonia project in Ireland financed by giant from China Ganfeng Lithium. Even before the first Gigafactory came on-line Ganfeng has increased lithium prices twice last month to the record of $11,049 per Tonne!
In 2012 WHO has reported about the Diesel Pollution As Cancer Risk, last week EU governments have pushed to DOUBLE toxic cancer hazard diesel emissions limits and postpone their implementation. Are we hitting the new low in Europe now, which will bring the total distrust and disrespect to all EU government institutions? All North American readers should watch Europe very closely now. Which shoe will drop next? The ugly truth is that it seems that nobody of auto-makers can comply with any toxic emissions standards under the real driving conditions.
Latest news from Volkswagen has just moved us from DieselGate to a full blown AutoGate: It is not only NOx cancer hazard diesel emissions, but CO2 as well. It is not only Diesel, but Petrol as well and it is not only Volkswagen … Just wait for the new revelations to come and watch how Electric Cars are taking over in the largest auto market in the world in China first and then spread like a wild fire all over the world. Who will benefit and who will fade into oblivion? You can make your own decisions with the facts presented on my blog. Read more."
Ganfeng Increases Stake In Avalonia Lithium Project, Ireland And Finalizes Exploration Loan Agreement With International Lithium For Mariana Lithium Project, Argentina.
"Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”
Tesla CEO Elon Musk described the Gigafactory in Nevada as a product, calling it the “Gigafactory 1” – implying there will eventually be a “Gigafactory 2”. This second battery factory could end up being built in Germany according to comments made earlier today by Vice-Chancellor and Economy Minister Sigmar Gabriel.
Gabriel was speaking at an event at a Mercedes-Benz factory in Rastatt, Germany, and he confirmed (via Bloomberg) that government officials are in contact with Elon Musk over the possibility of building a battery factory in the country.
The Vice-Chancellor said that he expects Tesla to seek public funds like they did with the Nevada factory.
It makes sense for Tesla to invest in production capacity in Europe considering the continent is now a bigger market for the company than North America. Germany hasn’t been an important driver in this demand shift even though Model S sales in the country are up 104%, but the prospect of a large investment could help the company’s image in a market dominated by local automakers.
Tesla also sees Germany as an important market for its ‘Tesla Energy’ division. The company recently hired a top executive from the solar industry to lead the energy storage division in Europe and Africa.
Last month, the company moved its production line of Tesla Energy products to the Gigafactory in Nevada, where there’s plenty of room to grow. The current structure of the ‘pilot plant’ reportedly only represents 14% of the total 13.6 million square feet it will reach for its planned capacity of 50 GWh.
Gabriel didn’t offer any timeline if both parties were to go forward with such a project, which currently appears to only be in the early phases of negotiation."