The new OPEC: Who will supply the lithium needed to run the future's electric cars?
This article was originally published on CNBC.
The automotive industry's focus on electrification has accelerated in 2016.
Volkswagen Chairman Herbert Deiss told CNBC at the Paris Motor Show in November that "electric mobility will take off by 2020," while Tesla CEO Elon Musk announced in May his aim for annual production to be at 1 million vehicles by this same year.
The onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.
"Lithium is a pretty abundant element naturally," Jamie Speirs, a fellow in energy analysis and policy at Imperial College London, told CNBC via telephone. But, though worldwide production of the metal is increasing year on year, he detailed that "the current supply chain will not match up with lithium demand by, say, 2040"...
Dajin Begins Direct Push Drilling at Gabbs Valley
Vancouver, BC - Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to report it has commenced its direct-push drill program at Gabbs Valley in Mineral County, Nevada, approximately 100 miles southeast of Reno, Nevada...
Dajin Resources, #Lithium Activities in Argentina Meaningfully De-Risked
Originally published by Peter Epstein of Epstein Research.
On October 27, 2016 Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) announced the completion of a share purchase agreement with Lithium S Corp. (“LSC”), granting LSC the right to earn a 51% interest in the Company’s South American subsidiary, Dajin Resources S.A. (“Dajin SA”). LSC can earn 51% with a cash payment of C$1.0 M (paid) and by incurring expenditures of C$2.0 M on mineral concessions, (or concession applications), held by Dajin S.A. In addition, LSC injected a further C$500,000 by subscribing to common share units in Dajin. Importantly, Dajin now has virtually no capital requirements in Argentina until LSC earns its 51%. Therefore, the C$1.5 million in cash from LSC can be used to fund the Company’s activities in Nevada. More about Nevada later, this article is about activities in Argentina...
Dajin Permitted for Direct Push Drilling at Gabbs Valley
Vancouver, BC - Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1) is pleased to report that it has received approval from the Nevada Bureau of Land Management of its Notice of Intent application to undertake direct-push (“DP”) drilling in Gabbs Valley, Mineral County, Nevada...
Interview with Dajin's CEO Brian Findlay - Forget Vegas, Nevada is now about Reno and Lithium
In an exclusive interview with Oilprice.com, Brian Findlay, President and CEO of Dajin Resources Corp., discusses:
• How Tesla’s gigafactory is sparking a massive resurgence in Nevada
• Why other giant businesses are setting up shop here
• Why Nevada is ground zero for the lithium boom
• Why Reno will be the New Las Vegas
• What it all means for economic development and job creation
• The rush to stake out lithium targets, and the big names that are interested
• The few options left to get in on this game
• Who got there first, and where it’s all going
Interview by James Stafford of Oilprice.com