TamEx

[John Raymond Hanger  @johnrhanger]

Good morning with good news: The rise of EVs & collapse of ICE autos stuns in world's largest auto market!

China's ICE collapsed from 94.2% of September 2020 sales to 33% in 9/2026!

EVs skyrocketed from 5.8% of sales in 9/2020 to 67% in 9/2026.

Battery-only EVs were 47.3%.

[Honest Alder (not dishonest crank Alder) @Tw_timerAlder]

China has really gone off diesel & has targeted 40% of HGVs on the road to be fully electric by 2030.

49% of China’s HGV sales were fully electric in September.

Scandinavia also doing well with electric HGVs.

EVs will destroy oil demand everywhere 👍🏻

https://t.co/6LO3B1omex

[TamEx @tamex200]

@fsdteddy @WayneHines24470 @ZLiren73775 @patrick_geng Here you go since you're on a cruise.
https://t.co/NB44q68E4U

[Felix Hamer • electricfelix @electricfelix]

"Robin Zeng, chief executive of Chinese battery maker @catl_official, which has launched a battery for trucks, has estimated that half of China’s truck fleet will be electric within three years — a trend gaining momentum from high diesel prices."
⚡️🔋
#alwaysbecharging #battchat

[TamEx @tamex200]

@ZLiren73775 @matt_fernley @CarlCapolingua @patrickadownes 谢谢你大哥！

[TamEx @tamex200]

@ZLiren73775 @matt_fernley @CarlCapolingua @patrickadownes Lets assume JXW is 80kt. What about the other mines in the area? Do you have a breakdown of them or a rough number of how many mines and total output?

[TamEx @tamex200]

@KevinWa902929 Can I say it's already priced in, or maybe not yet? Didn't know JXW accounts for 50% of the world's lithium.

[TamEx @tamex200]

@davidwu656 @ZLiren73775 我都要，谢谢

[TamEx @tamex200]

@KevinWa902929 Even if it restarts, at current lithium price JXW will operate at a loss? But I guess that has always been their plan, to be able to buy and stockpile premium lithium at a discount.

[TamEx @tamex200]

@WayneHines24470 @Kamoa_Capital CATL says recycling efficiency at their JXW facility will be over 200%, but pending it's opening. /sarcasm

[TamEx @tamex200]

@ZLiren73775 @WayneHines24470 https://t.co/N01TKRfkEZ

[UnveiledChina @Unveiled_ChinaX]

Chinese director of a mining company faces charges after Zimbabwe intercepts 180 tonnes of raw lithium ore he allegedly tried to move out of the country without permits.

Huanyi Chen of Zhe Li Mining is alleged to have organised the shipment of unbeneficiated ore from a Mberengwa stockpile in September 2026. Six trucks were arranged to carry the material toward the Forbes Border Post in Mutare for onward shipment through Mozambique to China, without a ministerial export permit or authorisation from the Minerals Marketing Corporation of Zimbabwe.

On 29 September, officers stopped two of the trucks near Mutare carrying 60 tonnes. The drivers could not produce valid paperwork and the vehicles were detained at GMS Dry Port. After the interception, the remaining trucks were ordered to stop. Investigators later recovered a further 90 tonnes offloaded at a Mutare truck stop and 30 tonnes at a garage in Rusape, bringing the total seized to 180 tonnes.

Chen, together with Zhe Li Mining, appeared before Harare magistrate Marehwanzvo Gofa. He was granted US$3,500 bail and is due back in court on 20 November. The charges relate to attempted smuggling under rules that prohibit the export of unbeneficiated lithium in order to retain more processing and value inside the country.

[UnveiledChina @Unveiled_ChinaX]

Chinese director of a mining company faces charges after Zimbabwe intercepts 180 tonnes of raw lithium ore he allegedly tried to move out of the country without permits.

Huanyi Chen of Zhe Li Mining is alleged to have organised the shipment of unbeneficiated ore from a Mberengwa stockpile in September 2026. Six trucks were arranged to carry the material toward the Forbes Border Post in Mutare for onward shipment through Mozambique to China, without a ministerial export permit or authorisation from the Minerals Marketing Corporation of Zimbabwe.

On 29 September, officers stopped two of the trucks near Mutare carrying 60 tonnes. The drivers could not produce valid paperwork and the vehicles were detained at GMS Dry Port. After the interception, the remaining trucks were ordered to stop. Investigators later recovered a further 90 tonnes offloaded at a Mutare truck stop and 30 tonnes at a garage in Rusape, bringing the total seized to 180 tonnes.

Chen, together with Zhe Li Mining, appeared before Harare magistrate Marehwanzvo Gofa. He was granted US$3,500 bail and is due back in court on 20 November. The charges relate to attempted smuggling under rules that prohibit the export of unbeneficiated lithium in order to retain more processing and value inside the country.

[tphuang @tphuang]

A look at China's NEV growth & Battery usage:
NEV penetration has grown to 67% by Sep. This is highest ever month as sales surpassed 1m in 3 of past 4 months.

Battery installation continue to increase as avg battery size of NEVs grew to 69.9kWh (up 27% YoY)
Now 800km+ EV range are 3.8% of sales. BYD really leading the way here.

For passenger vehicles, avg BEV install battery size of 63.8 kWh & EREV/PHEV comes in @ 43 kWh. So even hybrids are seeing much larger battery sizes.

[TamEx @tamex200]

@ZLiren73775 @CrowStu I'm waiting for the GFEX to keep dropping to negative, then miners need to pay people to take their lithium. That's how I will make my money, miners handing out money.

[Prof. Karl Lauterbach @Karl_Lauterbach]

Der Verbrenner ist in China ein sehr schnell sterbender Markt. In Europa wird der Markt auch wegbrechen. Der Kampf der Lobbyisten war ein Eigentor. Ein frühes und eindeutiges Enddatum für den Verbrenner hätte Planungssicherheit und Anreize für deutsche Hersteller gegeben

[TamEx @tamex200]

@jczuleta "Buyers are reticent to catch a falling knife, especially when they're not sure why the knife is falling."

Accurately captures the sentiment of the lithium market.

[Matt Fernley @matt_fernley]

I've not really bought into the China lithium price manipulation narrative up to now, but I'm afraid it's becoming increasingly hard to deny it. The price/inventory relationship has been one of the constants during my 25 years as a materials analyst. When it breaks down, there has to be something very big happening in a market. It's broken down in copper over the past 18 months and it's now broken down in lithium over the past several.

In copper, I can understand the move because of the perception that copper is entering structural scarcity - even if I don't agree with that narrative.

In lithium, I can't understand the move. Through all of the other situations when Western commentators have cried "price manipulation" in lithium, the price/inventory ratio has held true. But it's not happening now. How you can have a situation where inventories are falling to only weeks of supply but still have prices falling, even gapping down by over 10% earlier this week, defies belief. I understand that some Chinese analysts believe that the market will go into surplus next year. Some Western analysts believe that as well. But they're not calling for decade-long surpluses, like copper analysts are calling for decade-long deficits. That is not enough to justify current price action, in my view.

[Rock Stock Channel @RKEquityRocks]

👑 The Liontown King: Tony Ottaviano

Why commit ~A$400M to expanding lithium production when prices remain volatile?

We sit down with the CEO to discuss Kathleen Valley, Chinese demand, the next lithium cycle and @LiontownRes' growth ambitions.

(00:00) $LTR's Takeover And Expansion Backstory
(04:07) Building Liontown Beyond Kathleen Valley
(08:21) Underground Lithium Mining's Hidden Advantages
(14:08) How Kathleen Valley Targets 78% Recovery
(18:54) Lithium Supply Signals Don't Add Up
(22:39) Battery Chemistry Drives Customer Diversification
(26:13) Chinese Buyers Remain Active
(27:38) Why Liontown Is Entering Argentine Brines
(31:32) Argentina's DLE And Valuation Risks
(35:56) Funding Kathleen Valley's Expansion Through Volatility
(37:57) Mining Majors Reassess Lithium's Potential
(44:42) Lithium Demand Expands Beyond Electric Vehicles
(48:01) Financing Bottlenecks Delay New Lithium Supply
(51:55) Is Lithium's $20,000 Price Ceiling Real?

[TamEx @tamex200]

@ZLiren73775 Translation. Thank you.