David Seapy

[David Seapy @SeapyDavid]

@dunne_insights It was widely reported BYD was coming out with Blade Gen 2 imminently. I suspect at least some of the decline was customers waiting for the new batteries.

They are currently battery constrained, so might take a few more months to get a good sense of where their demand is.

[David Seapy @SeapyDavid]

@WayneHines24470 Very interesting. What's the pricing for BESS in China?

In the US, megapacks sell for $250/kwh. Lithium carbonate at $26/kg puts lithium at $20/kwh, or about 8% of the cost. Megapack margins at 30%, lithium still has plenty to run before demand destruction in the West.

[David Seapy @SeapyDavid]

@itskyleconner Any idea when these will make their way into non-byd vehicles?

[David Seapy @SeapyDavid]

@WayneHines24470 If lithium processing capacity is the issue, then how does he explain the strong positive correlation between the price of battery grade lithium hydroxide/carbonate and that of spod concentrate?

He may be smart on other commodities, but he's dead wrong on lithium.

[David Seapy @SeapyDavid]

@d2swingy72777 This is why
https://t.co/NQxMfKWzEt

[David Seapy @SeapyDavid]

@d2swingy72777 Only thing I see that's somewhat related is $RIO got RIGI approved for Fenix around the same time. But I personally don't see why it would be the cause.

https://t.co/KuCZDaVem3

[totocaputo @LuisCaputoAR]

IMPORTANTE:
Ampliación del proyecto RIGI FÉNIX en Catamarca

El Comité Evaluador del RIGI aprobó la ampliación del proyecto de litio FÉNIX, de Rio Tinto, ubicado en el Salar del Hombre Muerto, en la provincia de Catamarca.

El proyecto cuenta con una inversión de USD 530 millones y permitirá incorporar 9.500 toneladas anuales de capacidad adicional de producción. También, generará 1.143 puestos de trabajo durante la construcción y 504 en la etapa de operación, entre empleos directos e indirectos.

Además, aportará USD 165 millones de exportaciones por año, consolidando el crecimiento del litio argentino 🇦🇷🇦🇷🇦🇷

[David Seapy @SeapyDavid]

@LithiumIonBull Bullish South American carbonate. Looking at you $LAR.

[David Seapy @SeapyDavid]

@electricfelix RoW much stronger than last year too.

It's very clear from this where the IRA tax credit ended and where China's tax incentives were reduced.

I'm sure things will pick back in NA and China in time. I remember when Germany's subsidies ended, and look at their growth now.

[David Seapy @SeapyDavid]

@LithiumIonBull For the US it's a undoubtedly increasingly important to have a reserve. Also much preferred over them picking winners.

Personally though I'm all-in on $LAR, and don't really mind the volatility in lithium price. They should be fine no matter what.

[David Seapy @SeapyDavid]

@D_Jimenez_Sch 💯. The only reason is to begin building out some supply that avoids China, to hedge for geopolitical risk. But Tesla doesn't want to pay extra and prefers to try themselves at Corpus Christi.

[David Seapy @SeapyDavid]

@LithiumIonBull @RhoMoIola @benchmarkmin Great interview as always. Certainly one of the best at tracking all this stuff.

It is interesting seeing how BESS forecasts vary so wildly. With Ganfeng CEO saying on $LAR earnings that it would likely be bigger than EV, Iola having it be smaller, and CATL CEO 10x bigger.

[David Seapy @SeapyDavid]

@WayneHines24470 69GW at somewhere between 2 and 4 hour duration lines up with approximately 200Gwh, right?

[David Seapy @SeapyDavid]

@LithiumIonBull I was previously all-in on ALTM, moved to being all-in on LAR when it became clear RIO was acquiring ALTM.

Jurisdiction, management, cost-curve position, strategy, valuation, ... I like everything about the company at this point.

[David Seapy @SeapyDavid]

@itskyleconner Are features being developed separately for the current system and Pleos, or will their work be re-used?

[David Seapy @SeapyDavid]

@RoamingNorway @Out_of_Spec Well done Nio. I would like more range and charging speed, but for the size/price it's not terrible.

Especially since Tesla doesn't make a car to compete in this segment, seems like Nio may be the best option.

[David Seapy @SeapyDavid]

@itskyleconner @TeslaCharging @RoamingNorway @Out_of_Spec Looks like he deleted his post.

[David Seapy @SeapyDavid]

@matt_fernley Also, when they can reach battery-grade, they can avoid going through China or the need to build expensive/risky refining/processing outside of China.

Given the growth of LFP factories outside of China, they should be in a great position in the coming years.

[David Seapy @SeapyDavid]

@D_Jimenez_Sch 💯

The next generation of LFP is massively underrated for driving LCE demand in the next couple years.

[David Seapy @SeapyDavid]

@Tslachan Needs to compete against Onvo L90 though.

[David Seapy @SeapyDavid]

@DirtyTesLa Don't think it's the max: https://t.co/nzfgXwkKe9

[Tsla Chan @Tslachan]

@SantoroSystems @LayeredInvest 5.3mi is the $7.87