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Saturday, April 25, 2020 Risks The potential risks are: Delay in EV adoption, beyond China, due to recessionary conditions in the post-Virus world That Lithium prices remain in the doldrums Over-production at uneconomic levels by existing players so as to just stay in the game Ongoing tough financing conditions Lithium prices are captive to sentiments regarding EVs and as the rest of the world largely eschews EVs at this time, thus the price is indirectly linked to Chinese policy on the promotion (or not) of this new means of locomotion. As mentioned earlier in this piece we see European ambitions for EV adoption being setback by the current virus crisis by several years at least and for the US we predict adoption to be delayed by over half a decade and maybe even longer depending on how oil prices evolve. EVs are a luxury, and have now become a luxury that battered consumers can ill afford. It’s not that they will buy ICE vehicles instead of EVs, rather that they will stick with the automobiles they currently have until their buying power is restored to pre-2020 levels. Some may never see that restored depending on how things pan out. Lithium prices are depressed yet could go lower on excess supply or, more likely, weak demand in the EV space. There are many wannabes and a few producers in the Lithium space. Before 2010 there were only three players and fairly disciplined cartel. Now that discipline has broken down on the price front. The only discipline operating is the rule of prices. As prices look unattractive capital markets restrict funding and that in turn restricts projects moving forward. Now the only projects advancing are those with guaranteed offtakers further down the OEM supply chain. This means those players will tend to match production from their facilities to their supply chain needs. However the non-supply chain players will produce whatever they need or want to produce with the goal being producing income to service their debt, if they have any. This produces a rogue unknown that is not driven purely by supply/demand. Financing will be available if prices start to rise. There is no sign of that so far. As per our previous point the offtakers will mainly be in the OEM “trade” and thus very hardnosed as funds at their disposal are not in superabundance. Conclusion There is a fine line between the various lithium-rich brine manifestations that we have looked at here. Most salares have similar characteristics and chemical components but in varying percentages (for instance the Bolivian salares being strongly weighted towards magnesium). However the alternative brines tend to take on the composition of the circumstances in which they are found. Mine brines are Hallgarten & Company +44 795 08 53 621 Page 12PDF Image | Unconventional Lithium from Brine
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Product and Development Focus for Infinity Turbine
ORC Waste Heat Turbine and ORC System Build Plans: All turbine plans are $10,000 each. This allows you to build a system and then consider licensing for production after you have completed and tested a unit.Redox Flow Battery Technology: With the advent of the new USA tax credits for producing and selling batteries ($35/kW) we are focussing on a simple flow battery using shipping containers as the modular electrolyte storage units with tax credits up to $140,000 per system. Our main focus is on the salt battery. This battery can be used for both thermal and electrical storage applications. We call it the Cogeneration Battery or Cogen Battery. One project is converting salt (brine) based water conditioners to simultaneously produce power. In addition, there are many opportunities to extract Lithium from brine (salt lakes, groundwater, and producer water).Salt water or brine are huge sources for lithium. Most of the worlds lithium is acquired from a brine source. It's even in seawater in a low concentration. Brine is also a byproduct of huge powerplants, which can now use that as an electrolyte and a huge flow battery (which allows storage at the source).We welcome any business and equipment inquiries, as well as licensing our turbines for manufacturing.CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)