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CroutonFactor 24 Nov 2017

Korea to boost metal stockpiles for EVs [link] Korea says could boost metal stockpiles amid drive to electric cars"SEOUL (Reuters) - The South Korean agency that manages state stockpiles of commodities says it could ramp up its inventories of non-ferrous metals next year amid growing demand for such materials in churning out products like electric vehicles.The Public Procurement Service (PPS) has stockpiled raw materials for around 50 years, using them to help local companies in times of shortage or when prices spiral upwards.“We can’t confirm our plan next year, but think (non-ferrous metal stockpiles) will be higher than this year,” Park Chun-sup, the newly-appointed administrator of the PPS, told Reuters in an interview on Thursday.The agency typically keeps total non-ferrous and rare metal stockpiles at around 250,000 tonnes, with aluminum accounting for over half of that.Park added that companies involved in producing electric vehicles or other new technologies were helping to drive up appetite for metals.Benchmark prices for nickel, which is used in electric car batteries, earlier this month touched their highest in over two years.Park noted that the agency was currently stockpiling non-ferrous metals equivalent to nearly 58 days of national consumption, above the 56 days it is required to hold.He said that the PPS would likely buy more zinc in 2018 as stockpiles of the base metals are lower-than-usual this year, without giving details.The PPS has canceled several zinc tenders so far in 2017, mainly due to a lack of bidders. [MET/TEND]But Park said the agency would not rush into any decisions on buying for next year.“The stockpiling policy should take a long-term approach - it’s easy to fail with a short-term strategy,” he said.South Korea, Asia’s fourth-largest economy, has imported about 1.7 million tonnes of six non-ferrous metals each year over the past three years, according to a PPS estimate based on data from the Korea Nonferrous Metal Association and customs office.Reporting by Jane Chung; Editing by Joseph RadfordOur Standards:The Thomson Reuters Trust Principles.

CroutonFactor 24 Nov 2017

Nickel Price $5.44 ...rebounding from recent dip. Holding up well!

MexPete 24 Nov 2017

Re: The Master's Hall of Fame 2017 ! I very much doubt your self-congratulatory posts on here either impress or endear you to anyone.Please, do us all a favour and give it a rest.

big-graham 24 Nov 2017

Re: The Master's Hall of Fame 2017 ! yep...your right.....im stuffing in the humble pie as i type, and have also given meself a slap......i was looking at kefi (hence the centamin comparison).....dunno what happened...my mistake!

CroutonFactor 24 Nov 2017

Re: Korean share battery raw materials drops Got to say, ever since Noloss posted that article on the FEDF visiting the Koreans, it's looked increasingly plausible it could be the Koreans who close this out. This recent article (on Koreans share of raw materials falling) makes clear the Korean predicament and subsequent motivation. They are not talking to the Russians for laughs. This is some serious @$#&!! The Koreans need the raw materials as much as we need the investment. Worth remembering that with the Koreans, we're not talking about one company. We're talking about a consortium, including Samsung, Hyundai, LG, Daewoo, and others, supported by the Export-Import Bank of Korea. Their collective power makes the Kun Manie proposition considerably more viable. If Korea secured Kun Manie, imagine how that would secure their nickel and cobalt needs?Who knows who will finally conclude this journey for us. But they seem to have been far more proactive than the Chinese in Russia. They are looking hungrier. Following the PFS, it's likely they will provide the near-term funding with a view to shutting out the competition. Crede selling may turn out to be the most immense buying opportunity.

Schachmeister 24 Nov 2017

Re: The Master's Hall of Fame 2017 ! BG, I've been in Thor for 6months, when I mentioned it on here it was around 1.70 on the 11th . 3 weeks ago it was 0.80.When a Director in a tiny mining company starts loading up big time like Johnson did,investors should take heed ! The Master took heed and increased his position.

big-graham 24 Nov 2017

Re: The Master's Hall of Fame 2017 ! but when you tipped it on this board on the 11th, the price of Thor was 4.8p to buy.......and now its in 2.25p to sell.......pity cos THOR looks to me like CEY in the early days......but hey...i know nowtMy guess on you Mr chess master is you are some sort of city trader???

Schachmeister 24 Nov 2017

The Master's Hall of Fame 2017 ! Gentleman, I am pleased to announce that after rising nearly 200% over the last 3 weeks, Thor Mining has now entered into The Master's Hall of Fame for 2017, alongside the illustrious 10 Bagging Petro Matad (although it was only a 5/6 Bagger for me, i'm not greedy) and the glorious Clontarf Energy, where the cunning Master diligently found the Equatorial Guinea license award news a day before the company announced the excellent news. ( I kindly shared the good news with this board and others,the day before the big rise.There have been other winners too like Fronterra Resources, but to get in the Master's Hall of fame, the share price has to increase by more than 100%.Are these exceptional returns luck ? Well, my modesty prevents me from answering that but I am human and there have been losers too, Wolf Petroleum & Amur Minerals, but I still hold both and I think my chances of a positive return on amc over the coming months are pretty good .I trust a few of the sophisticated investors here are also following Paul Johnson leading the Thorites to new heights ? The signs were there, Directors in small companies rarely buy vast amounts of their own shares unless they are very confident about the future.Investors can expect further rises by Johnson's Thorites.

Andy Reilly 24 Nov 2017

Re: THE eu 7 DIESELGATE.. grabiker P - my partner wanted to move to Brighton - glad she didnt (sounds dreadful - the polution!), she still lives in London though... but aparently (IF anyone believes Breitbart), there is no such thing as Polution! Bring on the eco car! ATB

CroutonFactor 24 Nov 2017

Korean share battery raw materials drops Now, this story from 23rd of November I find interesting...We have been saying that securing raw materials and supply is crucial.. Well South Korean market share of components and raw materials for batteries has dropped. Can see how this issue will be a massive motivation for the Koreans to lock down supply otherwise lose market share not only of the raw materials but the EV market too (or otherwise be held to ransom). The obvious route to resolve this is JVing into if not buying projects outright Can see why they're in serious talks with Russian agencies. They're also exploring heavily African and South American prospects.This has just got for-serious!========== ========== ========== ========[link] Korea23 November 2017 - 9:45amJung Min-heeTaking the Shine off a Big Player: S. Korea Falls behind China and Japan in Materials and Parts for BatteriesSouth Korea's share in the markets of four major components and materials for lithium ion batteries plunged compared with those of China and Japan.(photo courtesy: Samsung SDI)South Korea's share in the markets of four major components and materials for lithium ion batteries plunged compared with those of China and Japan.(photo courtesy: Samsung SDI)Even though South Korea is considered a lithium-ion battery powerhouse, the nation is being relegated by China and Japan in the markets of main core parts and materials such as cathodes, anodes, electrolytes and separators. With competition intensifying among battery companies due to new demand for lithium-ion batteries such as those for electric cars, there is growing concern that Korea will be a backward country in the battery industry unless the nation secures competitiveness in parts and materials for batteries.According to the Japanese market researcher Yano Economic Research Institute on November 22, Korea's share in the markets of four major components and materials for lithium ion batteries plunged compared with those of China and Japan.major component, Korea accounted for 8.3% of the cathode material market in terms of quantity last year. Its market share which had stood at 11% fell 3.3 percentage points in two years. On the contrary, China's market share shot up from 53.3% to 67.7% during the same span. Japan’s market share dropped from 25% to 13.6%, but was higher than Korea’s.Korea's share in the electrolyte market also dipped from 6.8% in 2014 to 4.5% last year. China and Japan accounted for 75% and 20.6% of the market, respectively. Korea chalked up its only double-digit share of 10.5% in the separator market as Korea had SK Innovation, the world's second-largest maker of separators. But this percentage was also 1.4 percentage points down from 11.9% in 2014.Korea’s share in the anode material market rose from 1.9% in 2014 to 3.0% last year but there is not having its presence felt in the market. "SK Innovation started supplying to CATL, a Chinese battery maker late last year but other parts are mainly supplied by Chinese companies," the Yano Economic Research Institute said.In fact, major Korean battery makers such as Samsung SDI and LG Chem are known to procure considerable quantities of parts and materials from foreign countries. According to statistics of various market research companies, market shares of Korean batteries such as those of Samsung SDI and LG Chem accounted for about 40% in the small-sized battery market and about 30% in the mid- and large-sized battery market in Korea, so there is no way to procure materials in Korea.Korea has a few internationally recognized manufacturers of battery parts and materials including SK Innovation, Ecopro, and L&F.Meanwhile, the size of the combined world market of the four major parts and materials for lithium-ion batteries grew 140.1% year-on-year to US$ 9,87

Prezza 24 Nov 2017

Re: THE eu 7 DIESELGATE.. grabiker [link] with its Green Party local Council, Green party Mp , is in the top 40 globally of most polluted cities and 180 degrees of the town is the English Channel , quite an achievement really.

Mat_he_has_no_cat 24 Nov 2017

trading off‑book Anyone else noticed the message at the top of the III AMC Summary tab...III admit their prices are unreliable ... and also confirm the off book trading theories circulating on this bb and the other one...---------- ------Due to recent changes by the London Stock Exchange relating to MiFID II, some AIM stocks are trading off‑book and therefore not showing recent prices, price changes or trades. We are working with the LSE to improve this situation.---------- ------good weekend all,M

CroutonFactor 24 Nov 2017

Re: China start $1billion Fund for Minin... That Chinese $billion would likely be part of a wider strategy of investment, perhaps with Norlisk, and certainly with the FEDF contributions to infrastructure. Also, more funding may become available in subsequent years. Right now, it just needs to one of them step in to establish priority rights by funding in the near term, through to completed DFS. They would only need to fork what is necessary for near term funding. In this regard, there may well turn out to be a bidding war i.e. first in, first shout.Bring. It. On!

sootmeistre 24 Nov 2017

Re: THE eu 7 DIESELGATE.. grabiker the russians are known for being arty farty

sootmeistre 24 Nov 2017

Re: China start $1billion Fund for Mining Pr... The Chinese to invest a $billion.... And that would more or less be gobbled up by us...Will they want to put all that in our, one, basket?

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