High Voltage: Motorsport is boring and these flying motorbikes are the future
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Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
Earlier this month, Aussie start-up Alauda Racing unveiled its Airspeeder World Championship concept at the Goodwood Festival of Speed in the UK.
Motorsport has reached a natural limit, Airspeeder says. The logical next step is flying electric motorbikes.
This is their Mach 4 concept in action:
Set to launch in 2020, Airspeeder is an entirely new racing league featuring manned electric multicopters powered by a 500kw battery.
These things can reach speeds up to 200km/h.
But before the championship kicks off, they need to do some laps with a pilot in the seat – which will hopefully happen by the end of this year.
This is the sort of innovation that could snowball into the mainstream, Airspeeder says. We imagine they mean something like this:
In other (more relevant) news, China continues to ramp up natural graphite imports to meet rising domestic demand from its lithium-ion battery sector. Prior to the end of 2017 China imported less than 1000 tonnes a year. In May 2019 imports exceeded 22,000t – mostly from Africa.
And vanadium redox flow batteries have received a tangible boost from lower vanadium prices, with this monstrous 800MWh development getting the green light over the past week.
HOT NEWS #Vanadium #Dalian City has just signed a syndicated loan agreement to fund the first stage of 200/800MWh #VRB. First stage of the project would be 100/400MWh. Construction has officially commenced and the first stage is expected to be completed by Mid 2020.
BIG !!! pic.twitter.com/BrsfktEbDN
— Mastermines (@VanadiumWorld) July 23, 2019
Of the companies on our list, 56 lost ground, 53 were ahead and 43 were steady this week.
Lake Resources enjoyed a boost after announcing some very nice hits from the Cauchari lithium brine project in Argentina.
Results like 505mg/l over 340m were very similar to neighbouring world-class projects, like the Ganfeng-Lithium Americas-owned Cauchari project.
Major Chinese producer Ganfeng Lithium has invested about $US397 million to acquire a 50 per cent stake in its Cauchari project, “demonstrating the value of such projects in the Lithium Triangle”, Lake managing director Steve Promnitz says.
“Lake is drilling next door to the largest defined lithium brine resource on the planet and our assay results mirror the grades of this project,” he says.
“In addition, this is now a wider pay zone of lithium brines than at the adjoining project.
“To use an analogy, we are in the same swimming pool, filled with sand, clay and lithium brines, and we still have more to come.”
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop: