Our global long-term Electric Vehicle Outlook (EVO) forecasts EV adoption out to 2040 and the impact that electrification will have on automotive and power markets, as well as on fossil fuel displacement and demand for key materials.
“Our latest forecast shows sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars. China will lead this transition, with sales there accounting for almost 50% of the global EV market in 2025.”
First Berlin Equity Research has published an updated research report that maintains its recommendation to BUY at an increased price target of € 0.22. It highlights that DFS funding is secured and a likely shift in the main listing to Vienna.
The report states:
European Lithium (EUR) has announced that it has secured AUD10m in financing from the investor MEFI L.P. (Magna) of which AUD2.5m is available for immediate drawdown. The money will be used to finance the definitive feasibility study (DFS) of the Wolfsberg Lithium Project, which is expected to be completed in April 2019. We expect these funds to strengthen EUR’s position in ongoing negotiations with potential offtake partners.
At this year’s BDI Raw Materials Congress in the course of a panel discussion on the topic of raw material purchasing, the representative of a large German car manufacturer said that they “have been buying raw materials for over 120 years”, so they know exactly what they are doing and merely because of their size, they are in a comfortable situation and have a lot of insight over both supply and demand (of battery metals).
“It is not too late yet“ – VW-boss Diess laments the
great dependence on Asia in battery cell technology
Position Statement provided by: Stefan Müller CEO
DGWA – Deutsche Gesellschaft für Wertpapieranalyse GmbH
D-60313 Frankfurt am Main
We are delighted to have received ‘Most Popular Company of the Month of July 2018’ in the Energy and Environmental Sector of the recognised and respected German business network, Wirtschaftsforum.
EUR is featured in an article on the Wirtschaftsforum website that opens with the following:
Exciting Raw Material with a Great Future
Lithium is one of the most exciting raw materials of our time. It is at the heart of a movement away from fossil fuels to a greener future. Lithium is a component of Li-ion battery chemistry for highly efficient rechargeable batteries. A resource that has the potential to be bigger than 18 million tonnes – one of the largest deposits in Europe – is expected to be mined in Austria. And European Lithium Limited, based in Wolfsberg, Carinthia prepares for mining.
Find the full article about the Company on the Wirtschaftsforum website (only available in German.)
Demand for lithium, one of the key materials used in making lithium ion batteries, is rising rapidly. The metal is used in a wide variety of industrial applications including glass, ceramics and greases, but it’s the use of lithium as a key component in the batteries that power electric and hybrid electric vehicles that has so excited markets.
If electric vehicles, which rely wholly or partly on electricity stored in batteries as their source of energy, revolutionize road transport in the way many expect, demand for the metal will rise exponentially. China will be at the forefront of this.
First Berlin Equity Research has updated its recommendation to BUY with a price target of € 0.19. It believes there will be scope to raise this price target, if, as it expects, European Lithium raises the measured indicated part of its JORC resource to over 10m tonnes by the end of this year.
The report states:
Since we published our initiating coverage study on 7 March, European Lithium has published a preliminary feasibility study (PFS) of the Wolfsberg project, released drilling results for Zone 2 of the deposit, and announced the promotion of Dietrich Wanke from General Manager to CEO.
Since the publication of the PFS, discussions with potential partners have intensified and management now expects that the most likely financing solution for the definitive feasibility study and bringing the mine to production is a partnership with/takeover by an industrial lithium user.
European investors are more familiar with manufacturing than mining — but electric cars are driving a growing interest in ASX resources stocks, says small-cap expert Stefan Müller, CEO of Frankfurt-based consultancy DGWA and Non-Executive Director of European Lithium Limited.