"There was a fairly upbeat item on their business news early this morning about Tesla's massive Gigabyte factory for production of lithium batteries and it's plans for similar huge factories in Europe and China. Also Musks' ambitious plans. Think this may help the SP today..."
Extract from Interim Results for the six months ended 31 January 2016
PDF, 379.78 KB posted on 19th April.
Investment in Brazil Tungsten Holdings Limited (BTHL):
The Company maintains its 10% equity interest in BTHL acquired in February 2015.
It is expected that BTHL will now be on track to reach its Phase I target of 150 tonnes per day of ROM ore from underground by
June 2016. This will place BTHL in a cash positive position even with the current difficult market for tungsten prices and allow it
to benefit fully if tungsten prices recover
Hopefully, BTHL is in a cash positive position now. News imminent?
I topped here on 29 June @ 0.044
placed limit to slice that yesterday @ 0.046 , but noticed only half went dealt.
But hey - ho price showed gone higher so placed limit as shown @ 0.055. ( For Remainder )
showed rise of 16% no reason ?
All in spread ? 0.055 did not go. see a sale @ 0.051
I have kept an eye on Gatwick developments and noticed that a few of the consortium have a few fingers in a few pies, not just Gatwick. I would like to invest in one or more of the companies involved and am at a loss to decide which. There is UKOG, EVO, STG, REGM, ALBA, SOLO even the operators IGAS. I can't be bothered to sign up for ISDX so one of the consortium is a no go.
My question is, given the plethora of companies involved, which ones should I go with.
Any comments gratefully received and I won't hold it against you if it goes awry :-)
Comment is made that Employees from the Japanese company were expected to arrive in Nevada at the end of last year to prepare for the start of cell production. I hope Western Lithium can keep up lithium supplies. Could be the reason for DL flying down to Mexico for a bit of hands on and stepping up a gear in Sonora to meet the Tesla contract.
Panasonic Commits $1.6 Billion For Tesla Battery Gigafactory
Throughout its project to build a massive battery "Gigafactory" near Reno, Nevada, Tesla has had assistance from its current battery supplier, Panasonic.
The Japanese electronics company has agreed to help fund the project, and will use its technical resources to help set up and run the factory.
Panasonic hasn't previously disclosed the amount it plans to invest in the $5 billion project, which will provide the economy of scale to lower the prices of Tesla electric cars.
DON'T MISS: Tesla Gigafactory To Host 'Hundreds' Of Panasonic Workers Starting This Fall (Jun 2015)
Now, the company--which also owns a small stake in Tesla--says it will spend up to $1.6 billion on the Gigafactory.
That estimate came from Panasonic president Kazuhiro Tsuga, speaking to MarketWatch at the recent Consumer Electronics Show (CES) in Las Vegas.
Panasonic's continued involvement in the Gigafactory project is reportedly part of plan to grow the company's presence in the automotive sector.
Tesla Motors - Model S lithium-ion battery packTesla Motors - Model S lithium-ion battery pack
Sales to carmakers accounted for about 15 percent of Panasonic's revenue in 2015, but the total revenue is expected to double over the next four years, representing 25 percent of the total.
At the same time, though, Panasonic faces stiffer competition from Korean battery suppliers Samsung SDI and LG Chem.
The latter will supply battery cells and many other components for the 2017 Chevrolet Bolt EV as part of a far-reaching partnership with General Motors.
ALSO SEE: Tesla And Panasonic: Partners In Electric Cars, Foes In Home Energy Storage (Sep 2015)
The $1.6 billion investment Panasonic revealed at CES is significantly higher than the $92 million it had previously discussed.
Employees from the Japanese company were expected to arrive in Nevada at the end of last year to prepare for the start of cell production.
According to previously-released terms, about half of the Gigafactory is to be devoted to cell production supervised by Panasonic. The other half will be occupied by suppliers and assembly lines for cell modules and battery packs.
Tesla Model S undergoing assemblyTesla Model S undergoing assembly
The majority of cells initially will be used for its current Model S and Model X electric cars, as well as for its Powerwall home and business energy storage products.
Ultimately, though, the output will be used for the 200-mile Model 3 electric car, which is scheduled to be unveiled in March.
Tesla will need the economy of scale offered by such a large factory to achieve the Model 3's oft-quoted $35,000 base price.
MORE: Do Tesla, Panasonic Differ Dramatically On Growth Of Electric Car Batteries? (Jun 2015)
But that relies on the factory being fully operational by 2017, when Tesla has claimed Model 3 production is expected to start.
The company has delayed each of its new-vehicle launches, and the added variable of the Gigafactory could make the Model 3 launch more complex than previous models.
And Tesla needs to ramp up Model 3 production quickly to meet its goal of selling 500,000 cars a year by 2020.
If it does meet that goal, Tesla will likely account for the largest portion of Panasonic's planned automotive-market growth.
By Ambrose Evans-Pritchard6:03PM GMT 23 Dec 2015 1084 Comments
OPEC remains defiant. Global reliance on oil and gas will continue unchanged for another quarter century. Fossil fuels will make up 78pc of the worlds energy in 2040, barely less than today.
There will be no meaningful advances in technology. Rivals will sputter and mostly waste money. The old energy order is preserved in aspic.
Emissions of CO2 will carry on rising as if nothing significant had been agreed in a solemn and binding accord by 190 countries at the Paris climate summit.
OPECs World Oil Outlook released today is a remarkable document, the apologia of a pre-modern vested interest that refuses to see the writing on the wall.
The underlying message is that the COP21 deal is of no relevance to the oil industry. Pledges by world leaders to drastically alter the trajectory of greenhouse gas emissions before 2040 - let alone to reach total "decarbonisation" by 2070 - are simply ignored.
Global demand for crude oil will rise by 18m barrels a day (b/d) to 110m by 2040. The cartel has shaved its long-term forecast slightly by 1m b/d, but this is in part due to weaker economic growth.
One is tempted to compare this myopia to the reflexive certainties of the 16th Century papacy, even as Erasmus published in Praise of Folly, and Luther nailed his 95 Theses to the door of Wittenbergs Castle Church.
The 407-page report swats aside electric vehicles with impatience. The fleet of cars in the world will rise from 1bn to 2.1bn over the next 25 years topping 400m in China and 94pc will still run on petrol and diesel.
Without a technology breakthrough, battery electric vehicles are not expected to gain significant market share in the foreseeable future, it said. Electric cars cost too much. Their range is too short. The batteries are defective in hot or cold conditions.
OPEC says battery costs may fall by 30-50pc over the next quarter century but doubts that this will be enough to make much difference, due to "consumer resistance".
This is a brave call given that Apple and Google have thrown their vast resources into the race for plug-in vehicles, and Tesla's Model 3s will be on the market by 2017 for around $35,000.
Ford has just announced that it will invest $4.5bn in electric and hybrid cars, with 13 models for sale by 2020. Volkswagen is to unveil its "completely new concept car" next month, promising a new era of "affordable long-distance electromobility."
The OPEC report is equally dismissive of Toyota's decision to bet its future on hydrogen fuel cars, starting with the Mirai as a loss-leader. One should have thought that a decision by the world's biggest car company to end all production of petrol and diesel cars by 2050 might be a wake-up call.
Goldman Sachs expects 'grid-connected vehicles' to capture 22pc of the global market within a decade, with sales of 25m a year, and by then - it says - the auto giants will think twice before investing any more money in the internal combustion engine. Once critical mass is reached, it is not hard to imagine a wholesale shift to electrification in the 2030s.
Goldman is betting that battery costs will fall by 60pc over the next five years, driven by economies of scale as much as by technology. The driving range will increase by 70pc.
This is another world from OPEC's forecast. Even this may well be overtaken soon by further leaps in science. A team of Cambridge chemists says it has cracked the technology of a lithium-air battery with 90pc efficiency, able to power a car from London to Edinburgh on a single charge. It promises to cut costs by four-fifths, and could be on the road within a decade.
There is now a global race to win the battery prize. The US Department of Energy is funding a project by the universities of Michigan, Stanford, and Chicago, in concert with the Argonne and Lawrence Berkeley national laboratories. The Japan Science and Technology Agency has its own project in Osaka. Sout
Rare Earth Minerals Plc
("REM" or "the Company")
London-listed Rare Earth Minerals Plc (AIM: REM), announces that Andrew Suckling has been appointed non-executive Chairman of the Company following the retirement of David Lenigas as a director.
Andrew Suckling commented:
"I look forward to leading REM through this next exciting phase of the Company's development after David has successfully helped transform this company from a shell company in to one that now has significant interests in the global lithium sector and in particular its interests in the Sonora Lithium Project in Mexico and the Cinovec Lithium/Tin Project in the Czech Republic.
"The board thanks David for his valuable contribution over the past years and wishes him well on his new focus on developing his North American and Cuban businesses."
David Lenigas added:
"I am immensely proud of what has been achieved so far in building this Company into a potentially significant participant in the global lithium market. I have planned for some time to retire from the board once Andrew was ready to take the reins as Chairman of the Company. He has an impressive record in the US marketplace and with the US ADR programme in place, I have no doubt that he will lead the Company through to success as its enters into its next important phase of development."
Evocutis Plc (AIM: EVO and ISDX:EVO), the London listed investing company, today announces that David Lenigas has retired as Chairman of the Company with immediate effect and that Hamish Harris has been appointed to replace him as Chairman.
Today is the last day for EVO to increase its holding in Brazil Tungsten Holdings Ltd as announced on 11th May as follows:-
Evocutis PLC (LSE AIM: EVO) is pleased to announce that the exclusive option to increase its holding in Brazil Tungsten Holdings Limited to 20% by investing a further US$1million towards mine expansion, as referred to in the announcements of 12 February 2015 and 18 December 2014, has been extended to 5 June 2015. All other conditions of the option agreement are unchanged.
So, we should be having a further RNS today or next week.
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