Eye on Lithium: Tesla kicks off EV expansion at Gigafactory Berlin-Bradenburg
Link copied to
All your lithium news, Tuesday November 1.
Tesla started its European growth plans at Gigafactory Berlin-Bradenburg in Grünheide, Germany last Friday after reports confirmed the automaker had begun clearing trees in Germany to facilitate expansion plans for electric vehicle production.
According to Bloomberg, in the past Tesla had revealed intentions to expand the factory by around 100 hectares to add a freight yard and warehouse to bolster the site’s rail links and stockpile parts.
It is believed the automaker is working on another application to increase its storage and logistics capacity.
The first 30 Model Y’s built at the factory were handed over to customers in March after months of bureaucratic setbacks, Bloomberg says.
The ASX 200 added onto its earlier gains only minutes after the widely anticipated 25 basis point rate hike, Commsec says, closing 1.29pc higher with ten sectors and 69pc of stocks rising.
52 lithium companies finished in the green, 50 fell flat and 31 tumbled into the red zone.
Argosy has completed around 98% of development works at the 2,000tpa lithium carbonate operation at the Rincon Lithium Project in Salta Province, Argentina.
Current plant commissioning works have successfully produced primary lithium product, which is being processed through multiple stages to produce battery quality lithium carbonate product.
The 2,000tpa production operation major works comprise three main phases – being design, construction and commissioning
AGY says minimal construction phase works as well as plant commissioning remain.
Lithium Energy’s maiden drill hole has now extended into the primary target deep sandstone lower aquifer to a depth of ~335m with drilling ongoing as exploration continues at its Solaroz project in Argentina.
Assay results continue to be received as drilling progresses with further results of Packer Samples returning significant lithium concentrations of up to 555mg/L lithium.
“Encountering the target deep sand unit in our maiden drill hole at Solaroz is another very positive milestone for the company, further increasing confidence in our geological model for Solaroz,” LEL executive chairman William Johnson says.
“With sampled lithium grades up to 555 mg/l lithium and generally continuing to increase with depth, Lithium Energy remains highly encouraged by these early results for our first drill hole.”
Mt Monger is looking to raise $1.95m at $0.10 per share through a fully underwritten non-renounceable pro-rata offer to eligible shareholders, which will be used towards continued development of the company’s projects as well as for general working capital.
The company owns a portfolio of three projects in Western Australia including the 1,500km Ravensthorpe Project prospective for battery and critical minerals such as lithium, nickel, and cobalt.