SQM THIRD QUARTER 2024

 






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LITHIUM: TIME TO TAKE POSITIONS IN THE FACE OF AN EXPLOSIVE DEMAND

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VALE:  AN UNIQUE OPPORTUNITY  MARKET PRICE U$S 10.05 VERSUS EARNINGS AND PROSPECT VALUE OF U$S 15 https://www.vale.com/check-out-the-2q24-financials-result Vale’s performance in 2Q24 Rio de Janeiro, July 25th, 2024. “Our strong operational performance continues quarter after quarter. In Iron Ore Solutions, we achieved record-high second quarter production since 2018, driven mainly by consistent performance at S11D. As part of our strategic objective to become the supplier of choice for low-carbon steel, we are advancing on key growth projects such as Vargem Grande and Capanema, which together will add 30 Mt of capacity in the next twelve months. Additionally, we are pleased to announce a partnership within our Mega Hubs strategy, further strengthening our market position as a competitive direct reduction products supplier. In Energy Transition Metals, we resumed operations at Sossego, Onça Puma, and Salobo. We recently announced Shaun Usmar as the new CEO to lead our copper an...
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  GENERAL MOTORS (GM) IS PUTTING UP $625 MILLION TO GREEN-LIGHT LITHIUM AMERICAS General Motors (GM) is putting up $625 million to green-light Lithium Americas' (LAC) Thacker Pass project in Nevada, which has the largest-known deposit of the key battery metal in the U.S. The terms of the investment, which has GM investing directly in the mine rather than acquiring more shares, sent LAC stock jumping in early Wednesday stock market action. GM will acquire a 38% ownership stake in the Thacker Pass mine for $430 million in cash and an additional $195 million interest-free credit facility. Lithium Americas said in a news release that its agreement with GM will provide the collateral to unlock a $2.3 billion loan from the Department of Energy announced earlier this year. The tricks to stop the natural rise in the price of lithium are very interesting. The lack of publication and opacity of data is extremely important. Who is behind these cloudy obscurantist actions? Obviously an...
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