Manish Dua

Principal @benchmarkmin I Market intel & strategic advisory for Li batteries, EV & ESS supply chains. Ex-EY. Other interests-Energy, Geopol, M&A and Tech

[Simon Moores @sdmoores]

John Goodenough: 1922-2023

All of us in the lithium ion battery and electric vehicle industry have stood on the shoulders of giants.

Those giants: John Goodenough, Stan Whittingham, Akira Yoshino.

The passing of John Goodenough marks a moment in time for our industry to be thankful.

Thankful for this genuine pioneer who led the discovery of probably the most powerful technology to change our world and shift us away from fossil fuel dominance.

It was an absolute joy to see than John saw the beginnings of the mass commercialisation of the lithium ion battery, a generation after his groundbreaking discovery at @UniofOxford

He has created a multi-billion dollar industry.

Over the last 8 years, John had got his flowers: taking stages at the biggest industry events, world political forums and, of course, being awarded the @NobelPrize

May he rest in peace and may we all benefit from the man that changed the world.

Myself and all of Team Benchmark @benchmarkmin send our deepest condolences.

[Manish Dua @BMI_Manish]

Remember this - will keep playing out in the ongoing asset build cycle.

[Manish Dua @BMI_Manish]

Asset owners are the biggest winners in inflationary times. Why asset owners do great during inflationary times? Because it becomes more and more expensive to create fresh assets on the ground. Existing asset owners are repriced.
#Hardassets #mining #Processing #Batteryminerals

[Manish Dua @BMI_Manish]

Without going into other details - Okay one more, lending venture debt to startups from customer deposits 🤦‍♂️

[Manish Dua @BMI_Manish]

When interest rates move up 500 basis points from zero in a year, an accident was waiting to happen somewhere - overlaid on a base of ALM mismatch courtesy SVB's duration mismatch based risk management strategy. Just bonkers!
#banking101

[Manish Dua @BMI_Manish]

How does duration mismatch prop up - Accounting treatment of securities not marked to market while bought treasury securities got hammered real time when the interest rates went up creating an ALM mismatch!

[Manish Dua @BMI_Manish]

Moribund Verbund!

[Javier Blas @JavierBlas]

BASF, the world’s top chemical company, announces permanent plant closures at its home base of Ludwigshafen and the loss of 2,600 jobs, mostly in Europe.

“Europe’s competitiveness is increasingly suffering,” said BASF Chairman Martin Brudermüller.
https://t.co/iGZoJsUIfa

[Manish Dua @BMI_Manish]

@MarcLeembruggen Ownership at both corporate level (9.9999%, $320m) and at Spinco level - $330m (correct, North American business - Lithium Americas includes)

[Manish Dua @BMI_Manish]

On the GM LAC deal, LAC's stock price action says it all ...
#Lithium

[Manish Dua @BMI_Manish]

@TomSkoda Took it as an assumption however announcement has come from LAC, it is done $21.94 per share. Cheers

[Manish Dua @BMI_Manish]

Pushing forward the development of Thacker Pass - critical to US and GM's EV push ...

[Manish Dua @BMI_Manish]

From the lows of USD 17.83 to 21.99, a 24% rise within a month and at a market cap of roughly 3 Bn USD, GM would take roughly 22% stake giving it a board seat, most importantly lithium supply surety and puts GM's weight on LAC's pending court ruling (more positive for LAC) ...

[Manish Dua @BMI_Manish]

@MegaWattXinfo Agree. Not only the American left, EU is not far behind in practicing NIMBY-ISM! Throwing money on securing supply chains isn't alone going to cut it ...

[Manish Dua @BMI_Manish]

@sporazene2 @CzechLithium @LithiumIonBull Aid, aid and more aid coming everywhere ...

[ESPN FC @ESPNFC]

Lionel Messi and Emiliano Martinez 🇦🇷💙

[Manish Dua @BMI_Manish]

@JigarShahDC I'd agree with that. LCOE started as a simplistic measure but often has been used conveniently to make cases for renewables without really understanding the limitations associated with it.

[Manish Dua @BMI_Manish]

Still not out of the woods but things moving in the right direction. Energy security first to ensure transition later ...
https://t.co/FYpGDHAs7i

[Manish Dua @BMI_Manish]

Anticipating European manufacturing crisis has reached its climax now.

As crisis news hits headlines, everyone is turning bearish on European manufacturing.

However, LT supplies seem to be getting secured.

Europe will be in much stronger position by year end
#contraview

[Manish Dua @BMI_Manish]

@DLGlanville Agree, they are through MSP however this is about onshoring of manufacturing and commitment from the bloc in protecting its industrial activity ...

[Manish Dua @BMI_Manish]

Now that acceptance has been established, a matter of time before the EU Bloc responds with a legislation of its own as a protectionist response to the USA's IRA. Geopolitics among allies!
https://t.co/Ek96osokt4
#geopolitics #InflationReductionAct #batteries
#ElectricVehicles

[Manish Dua @BMI_Manish]

@sporazene2 Indeed. Time for EU to walk the talk!

[FIFA World Cup @FIFAWorldCup]

IT HAD TO BE HIM!

LIONEL MESSI HAS DONE IT!!!