High Voltage: Switch to EVs happening ‘en masse’ as they get cheaper, faster
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The price difference between electric vehicles and their conventional petrol/diesel peers – a key obstacle to widespread EV adoption – is closing at an accelerated rate.
Affordability = more EVs on the roads = more demand for battery metals like lithium, cobalt, graphite, nickel and copper.
According to a new BloombergNEF study, electric cars and vans will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest.
But for some this will happen sooner.
In the US, Ford’s all-new “powerhouse” F-150 Lightning pickup truck will start at below US$40,000 ($51,000) – not far off its ICE counterpart on cost.
Now an all-electric van made by Buffett-backed Chinese automaker BYD will be sold in Australia for ~$35,000 by September this year.
That’s about the same price as an ICE equivalent, the company says.
“With our products, electric vehicles have now reached price parity with combustion engines, so a switch to EVs makes perfect economic, commercial, environmental and moral sense,” said Luke Todd, CEO of Aussie BYD distributor TruGreen.
“Aussies will soon be seeing these vehicles on their streets en-masse.”
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Following a ~$8m share placement, $115m market cap Devex now has $17.6 million in the bank to accelerate exploration across its project portfolio.
Proceeds will partially go towards drilling the ‘Sovereign’ nickel-copper-PGE project in the Julimar region of WA.
Expanded air-core drilling is now testing the intrusion that lies between Chalice Mining’s (ASX:CHN) Julimar discovery to the south and Caspin Resources’ (ASX:CPN) Yarawindah Brook project to the north.
Results will pave the way for deeper reverse circulation/diamond drilling later in 2021, Devex says.
The explorer is up ~35% over the past six months.
Brett Lynch sounded very confident of a successful bid in an interview with Stockhead in April, and now we know why.
The project administrator confirmed that it will support the filing of a motion with the Court for the approval of Sayona’s joint bid for NAL with Piedmont (Sayona 75%, Piedmont 25%).
There are still some hoops to jump through. In addition to the approval of the Court, the transaction remains subject to completion of definitive agreements, shareholder approval and other necessary regulatory approvals.
Estrella was in the news last week with more sulphide rich drill-core unveiled from its ‘T5’ target at the Carr-Boyd nickel discovery near Kalgoorlie.
“We have not lost sight of the fact that T5 is only one area in a much larger magmatic system, and that other trap-sites for nickel-copper sulphides have historically been identified within the Carr Boyd Intrusive Complex,” Estrella managing director Chris Daws said last week.
“We will be pressing on with exploration of all these areas in due course.”
Drilling has kicked off at the flagship Walford copper-cobalt project in Queensland, where mineralisation has been defined over a 10km strike length.
The combination of a new processing flowsheet and expansion of resources via this exploration program “constitute the twin pillars on which Aeon is seeking to enhance Walford Creek project economics”, the company says.
The initial results from the Phase 1 drilling campaign are expected in July. Phases 2 and 3 will follow.
A Pre-Feasibility Study on Walford Creek is targeted for completion in H1 2022.