InsideEVs reports the latest sales of electric cars in China. We are starting there from the very low base, but with exponential growth. Warren Buffett's backed BYD is leading with Qin - 26,156 cars sold in 2015 up to October so far. I expect China to become the world largest market for electric cars early next year. Electric Cars sales are already up 170% in September with 16,609 EVs sold and total sales of 99,748 in 2015.
Now you can better appreciate why Joe Lowry called China "The New Centre Of The Lithium Universe" and significance of strategic partnership between International Lithium and Ganfeng.
Joe Lowry shares with us today another brilliant article about the state of Lithium Supply and Demand in the days when, finally ALL Auto-makers know that they cannot meet standards limiting toxic cancer hazard emissions. The ICE based technology just has reached its thermodynamic limits. Auto-makers not only know it, but they have admitted it in Europe this week in the most disgusting fashion by lobbying their dirty friends among politicians to DOUBLE toxic cancer hazard emissions from Diesel Cars and to delay their implementation.
Electric Cars have reached The Point Of No Return. How many people will we save before The Silicon Valley economics will make all cars electric is up to all of us now. We need cheaper and better electric cars, we need mass market for EVs. We need volume. Where the lithium will be coming from to make it possible? Joe Lowry has his insider knowledge about it. We are just making it happen at International Lithium with our strategic partner Ganfeng Lithium $1.7 Billion market cap giant from China.
The future is electric and if you would like to know more this weekend, you can find links below and Joe will be your guide in his "Opaque Kingdom of Lithium". Joe Lowry estimates 88% increase in lithium demand in 5 years and "The industry is approaching a full blown shortage situation" - according to him. Stay tuned as I will cut out a few tracks this weekend and maybe even some serious staff will be on our AC/DC digital waves soon.
"The Chinese Power Players - Tianqi and Ganfeng: The Chinese market is the largest in the lithium world and these two companies are the leaders in the Middle Kingdom which make them defacto "majors". Tianqi owns 51% of Talison which solidifies their position as a major factor in the global upstream market. Ganfeng is the world's largest lithium metal producer, a major supplier in the Asia downstream lithium market and increasingly important as a global upstream player. Joe Lowry." Read more."
"Joe Lowry from Global Lithium is giving his take on latest CITI research on Lithium Industry. Lithium is finally making its way on the Wall Street and into Institutional Portfolios. Those who makes it right now will be able to enjoy The Electric Future later. Joe Lowry is the must follow for his sober insider's outlook into the realities of our Lithium Industry. Read more."
Joe Lowry has produced another brilliant illustration on the state of the Lithium market just before the major technological shift in a few Trillion dollar industries which is happening all at once now: Communication, Transportation and Energy. You can find more about the real news from the Lithium Industry on his Twitter feed and LinkedIn page and on the links below. The whole world is going Electric and Lithium Is The Magic Metal at the very heart of this rEVolution.
Ganfeng Lithium is strategic partner of International Lithium, holds 17.5% in our company and finances now two J/V projects with ILC in Ireland and Argentina. Stay tuned for our new developments.
"I am back from all the latest disruptions. Somebody on Twitter wrongly got my slogan: Join Disruption Or Be Disrupted and they started Censoring me on DieselGate and Volkswagen scandals. Now it is on the Capitol Hill and I loved one representative asking Volkswagen U.S. CEO during his testimony: "What are you going to read in jail". Lets courts do their job. Prosecutors have already raided Volkswagen in Germany today. For us the one thing is very important now: all cost accounted, including medical bills and damage to the planet, Electric Cars are already better and cheaper than the ones with Internal Combustion Engines (NYSE:ICE).
Now I can get back to business and would like to share with you Joe Lowry's article on Lithium and my thoughts on China's military plan how to build Electric Cars as Strategic Industry for Post Carbon Economy and Next Industrial rEVolution. Read more."
"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."
"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."
"The Chinese New Energy Car market (all-electric and plug-in hybrids) hit a new record level in September of some 16,600units sold (up 170%!).
So far this year, 100,000 new plug-ins were sold and mark of 20,000 a month is expected to fall soon.
Plug-ins market share in China: above 0.7%
"So in short, China's EV Market is booming and unlike past months, where it was dependent of a single model, right now there are several cars pulling the market up, in a sustained way, confirming what many analysts have been saying for years: The EV Revolution will happen first in China."
BYD, which we typically cover separately as the largest manufacturer, is now approaching 6,000 sales a month. The Qin should remain the top seller this year, although now the top selling BYD model is Tang SUV.
In September, the Kandi Panda EV recorded the highest sales number, while the Denza (BYD & Daimler JV) and Venucia E30 (rebadged Nissan LEAF) saw some increases in sales, although both still occupy the bottom of the table.
Top non-China made car - Tesla already sold more Model S (3,025) than in the whole of 2014 (2,499)."
Disclosure: I am/we are long TRRXF, ILHMF.