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Top Lithium Stocks To Watch in July

As July continues forward, which lithium stocks do investors have their eyes…
The post Top Lithium Stocks To Watch in Mid July appeared first on Gold…

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This article was originally published by GoldStocks

As July continues forward, which lithium stocks do investors have their eyes on?

Lithium stocks are a sector that we mention a lot on this site. Compared to gold stocks and silver stocks, lithium often can feel less popular. Little do many investors realize, lithium is one of the fastest growing materials at the moment. Recently we have discussed copper stocks a lot on, and lithium stocks are performing well for a similar reason.

Now you might be wondering, what is that reason? Well, lithium stocks are going up in value because of electric vehicles. The EV market has been growing strong year after year, with millions of them already on public roads. Most production electric vehicles use lithium-ion batteries within the powertrain. So as the demand grows for EVs, the demand for lithium grows as well.

Lithium is used in more than just electric vehicles. There is a large variety of products that use lithium-ion battery technology. This has made lithium one of the most in demand materials in the world right now. Back in January, President Joe Biden announced a commitment to replace the federal government’s 650,000 vehicles with EVs. Biden also stated that the U.S. government intends on achieving net-zero emissions by 2050. This will just help the lithium market grow even more, possibly causing its price to increase over time. As the price of lithium grows with its demand, there are many lithium stocks to watch. These can be lithium mining companies or battery corporations. Let’s take a look at three lithium stocks that are performing well in mid-July.

Top Lithium Stocks To Watch

  1. Lithium Americas Corp. (NYSE: LAC)
  2. Piedmont Lithium Inc. (NASDAQ: PLL)
  3. Energizer Holdings Inc. (NYSE: ENR)

Lithium Americas Corp. (NYSE: LAC)

Lithium Americas Corp. is a mining stock that explores for mineral deposits. It actively holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. The company’s lithium exploration has been very successful for the company.

On July 12th, Lithium Americas announced an investment in Arena Minerals Inc. The company acquired 42,857,143 subscription receipts of Arena Minerals at C$0.14 per receipt for a total US $4.8 million. This provides Lithium Americas the ability to grow its exploration in Argentina.

The President and CEO of Lithium Americas, Jon Evans said, “We look forward to working with Arena Minerals and Ganfeng to support the pursuit of resource exploration opportunities in Argentina. This investment will allow Lithium Americas to advance our long-term resource development plans while maintaining our team’s focus on execution at Caucharí-Olaroz and the Thacker Pass project.” On July 21st, this lithium stock is up more than 5.7% in the market. Will you add LAC to your list of lithium stocks to watch?

Piedmont Lithium Inc. (NASDAQ: PLL)

Piedmont Lithium Inc. is a lithium stock that explores and develops resource projects in the United States. Currently, it has a 100% interest in the Piedmont Lithium Project that covers more than 2,126 acres in North Carolina. It also possesses a 61 acre property in Kings Mountain, North Carolina for similar exploration purposes.

On July 21st, the company made a presentation to Gaston County commissioners and its community. This presentation reviewed its project scope and commitment to safety, sustainability, and environmental stance. The President and CEO of the company Keith Phillips said, “We were honored to present at last night’s meeting, and we welcomed the opportunity to provide an update on our company, our values, and our proposed project to the Gaston County commissioners and our community. We confirmed last night that we would submit our North Carolina state mining permit application in August 2021 as planned, and we look forward to addressing all of the questions that arise during the permitting and rezoning process.” PLL stock is up 15.43% on the same day of the announcement. Its volume is more than double its average on this day as well. Will PLL make your lithium stock watchlist?

Energizer Holdings Inc. (NYSE: ENR)

Energizer Holdings Inc. is a lithium stock you have certainly heard of before. This company specializes in batteries, lighting, and more. It offers lithium, alkaline, carbon-zinc, nickel, and more type batteries. These are sold under the Energizer and Eveready brands. These batteries are often used in the automotive space, as well as many others. Since it creates lithium batteries, it has been performing well in tandem with the lithium sector itself.

On August 9th, Energizer Holdings intends on releasing its third quarter results before the market opens. Financial and operational results often can affect the stock price of a company. On June 9th, the company announced the pricing of a 650 million euro public offering of 3.5% senior notes due 2029.

The net proceeds from the offering will fund the conditional redemption to redeem the 650 million in full, and related expenses. ENR stock has seen its fair share of ups and downs in the market throughout the last year. On July 21st, the company’s stock price is up about 2%. Will ENR enter your lithium stock watchlist?

Top Lithium Stocks To Buy?

There are many great options when looking for lithium stocks to buy. That is partially what can make the process so difficult. How do you know when to invest in lithium stocks? Well, looking at sector news and company news can be very useful when investing in this sector. Checking out what is going on with electric vehicles can be helpful due to the ties to the lithium sector. So which companies will make your list of lithium stocks to watch in mid-July?

The post Top Lithium Stocks To Watch in Mid July appeared first on Gold Stocks to Buy, Picks, News and Information |

Energy & Critical Metals

Daimler Truck’s powertrain plants in Germany will produce electric drive components

Following intensive talks, Daimler Truck AG and the Works Council have agreed that the three powertrain sites in Gaggenau, Kassel and Mannheim will specialize…

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Following intensive talks, Daimler Truck AG and the Works Council have agreed that the three powertrain sites in Gaggenau, Kassel and Mannheim will specialize in different components for electrified drives.

In the future, they will drive the global production of battery-electric and hydrogen-based drive systems in a production and technology network for electric drive components and battery systems, together with the sister plant in Detroit. Significant additional investments in future technologies at the Daimler Truck powertrain plants will drive technological change.

  • The Mercedes-Benz plant in Gaggenau, which specializes in heavy-duty commercial vehicle transmissions, will develop into a competence center for electric drive components as well as the assembly of hydrogen-based fuel cell drive components.

  • The Mercedes-Benz plant in Kassel is expanding its current focus on commercial vehicle axles and will become a competence centre for electric drive systems.

  • The Mercedes-Benz plant in Mannheim, specialized in commercial verhicle engines, is drawing on the more than 25 years of experience of the Competence Center for Emission-free Mobility (KEM) located at the plant and is focusing on battery technologies and high-voltage-systems.

Important scopes for alternative drives, such as the production of electrically driven axle systems, e-motors and inverters, as well as the assembly of fuel cell systems, will be integrated into the powertrain plants in the future, in addition to investments in the reprocessing and recycling of battery systems.

Our industry is undergoing a transformation toward CO2-neutral trucks. Since conventional drive systems will also be with us for some years to come, we are focusing the future orientation of our powertrain plants primarily on flexibility, cost-effectiveness and very well-trained employees. This had to be reconciled in our negotiations with the Works Council. With the production and technology network for electric drive components and battery systems in conjunction with the competence centers at the plants, we have succeeded in doing so. In this way, we are creating optimum conditions for maximum competitiveness for our plants and at the same time laying the foundations for a successful future.

—Yaris Pürsün, Head of Global Powertrain Operations Daimler Truck

Another element of the technology network for electric drive components and battery systems are the innovation laboratories (InnoLabs). In addition to the competence centers, these are being set up at all plants. They specialize in innovative production processes, new technologies and products.

The aim of the InnoLabs is to close the gap between prototype production and series development. Series start-ups are thus to be prepared with maximum efficiency so that products can be transferred from the prototype phase to series production as quickly as possible. With the InnoLab Battery located at the Mercedes-Benz plant in Mannheim, Daimler Truck AG will establish its own pilot battery cell production and thus lay an important foundation stone for future competence in battery technology.

In its transformation toward CO2-neutral transportation, Daimler Truck is focusing on two all-electric drive technologies: battery and hydrogen-based fuel cell. With these, every customer application can be covered with full flexibility in terms of routes—from well-plannable, urban distribution transport to multi-day transports that are difficult to plan. Which solution is used by the customer depends on the specific application.

As the first battery-electric truck, the Mercedes-Benz eActros for routes in distribution transport will go into series production at the Mercedes-Benz plant in Wörth in October 2021, followed by the eEconic next year. The battery-electric eActros LongHaul for long-distance transport will follow from the middle of the decade. Key components be manufactured at the powertrain plants in the future.

In addition to the products, the powertrain plants are to become CO2-neutral from 2022, just like all other European Daimler Truck plants. This will be made possible, among other things, by a green power concept at Daimler: CO2-free power procurement from renewable energy sources will form the basis for CO2-neutral production. As part of this, the sites will purchase electricity from wind and solar farms as well as hydropower plants from 2022 onwards. On the way to becoming green production sites, the Mercedes-Benz powertrain plants are also to operate CO2-free in the long term by successively establishing fully renewable energy systems over the next few years.

The sister plant in Detroit, which is part of the global production network for powertrain components, will continue to strengthen its role in the US market and, as a competence center for electric powertrain components, make an important contribution to shaping sustainable transportation in the American market.

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Energy & Critical Metals

Tata Steel contracts for 27 electric trucks for transportation of finished steel in India

As part of its sustainability initiative, Tata Steel is partnering with an Indian start-up to deploy electric trucks for its steel transportin India. This…

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As part of its sustainability initiative, Tata Steel is partnering with an Indian start-up to deploy electric trucks for its steel transportin India. This marks the first use of EVs by any steel producer in the country for transportation of finished steel.

The electric trucks feature a 230.4 kWh Lithium-ion battery pack with a cooling system and a battery management system giving it capability to operate at ambient temperatures upto 60 °C (140 °F). The battery pack will be powered by a 160-kWh charger setup which would be able to charge the battery from 0 to 100% in 90 min. With zero tail-pipe emission, each electric vehicle would reduce the GHG footprint by more than 125 tCO2e every year.

Tata Steel has contracted for 27 EVs, each with a carrying capacity 35 tonnes of steel (minimum capacity). The company plans to deploy 15 EVs at its Jamshedpur plant and 12 EVs at its Sahibabad plant. The first set of EVs for Tata Steel are being put in operation between Tata Steel BSL’s Sahibabad Plant and Pilkhuwa Stockyard in Uttar Pradesh.

At a virtual ceremony organized on July 29, Tata Steel formally flagged-off the loaded vehicle at the Pilkhuwa Stockyard to move to the Sahibabad plant, 38 km away.

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Energy & Critical Metals

Tesla Is Hiking Prices In The U.S. While Slashing Them In China

Tesla Is Hiking Prices In The U.S. While Slashing Them In China

After posting its most recent earnings "beat", Tesla is taking on two starkly…

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Tesla Is Hiking Prices In The U.S. While Slashing Them In China

After posting its most recent earnings "beat", Tesla is taking on two starkly different strategies for its U.S. and its China business. 

In the United States, the automaker is raising prices in an attempt to boost profit margins, while in China it is keeping prices steady in what is likely an attempt to drum up more demand, Reuters reported

So far, Tesla has raised the price of its Model 3 and Model Y "about a dozen times" in the U.S. this year, the report notes. At the same time, the company also introduced an affordable version of its Model Y in China.

Tesla isn't just facing increased scrutiny in China from its citizens and the government, but is also running face-first into a wall of Chinese EV competitors. 

Toni Sacconaghi of Bernstein has questioned demand in China as a result of the introduction of the lower priced Model Y. He has said that the model "may make sustained margin improvement difficult". Chinese owners were "were less enthusiastic and had lower repurchase intentions than owners in the United States and Europe," a Bernstein survey recently showed.

Meanwhile in the U.S., Tesla continues to raise the price of its Model Y long range, which is now priced at $53,990. In China, the more affordable Model Y is priced at $42,394.

Roth Capital Partners analyst Craig Irwin told Reuters: "I think Tesla is looking to be as competitive as it can be in China. Lower prices will be a part of that aggressive market positioning. There is a very large difference in battery prices in the U.S. and China, as well as local vehicle manufacturing costs."

Hargreaves Lansdown analyst Nicholas Hyett added: "It wasn't so long ago that the group was trimming prices in the U.S. to gain scale and maximize profitability, and it feels like we're now seeing that in China too."

Gene Munster at Loup Ventures attests that the lower prices in China could "have a lasting effect" for the company in the country: "Teslas are on average 3x the cost of a typical EV made in China so they have to be priced less than the U.S. to compete. Prices of Teslas in China will be below (the) rest of the world for the next decade."

Tesla's market share in China has fallen to 11% in the battery electric vehicle market. China makes up 44% of the global EV market. 




Tyler Durden Fri, 07/30/2021 - 10:36
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