The Global Lithium Podcast

Emilie Bodoin is the founder and CEO of Pure Lithium a start-up focused on changing the way lithium metal is made and greatly enhancing the quality vs the current state of the art. The original patent for rechargeable lithium batteries goes back to the 1970s and was based on using lithium metal. Technical/safety issues forced a compromise to the current lithium ion design using metal oxides rather than lithium metal. If Emilie has her way, the next generation of rechargeable lithium batteries will utilize lithium metal and be much more powerful than what we have today. As with all start-ups, risks abound. I like Emilie’s focus and determination. If you are interested in the future of lithium batteries and lithium raw materials this episode is for you. The day I met Emilie in New York in early 2019 I also met Paul Graves the CEO of Livent and former podcast guest. At the end of the episode I will discuss Livent’s recently announced plan to be involved in resurrecting the largest value destroying fiasco in lithium history – Nemaska Lithium and why I like the idea.

Last week Altura went into receivership. A day later Pilbara had a conditional deal to purchase their neighbor. Lithium drama has moved, at least temporarily, from the Atacama to the Pilbara. I hope the acquisition happens and ultimately leads to Pilbara vertically integrating via partnerships in Europe and possibly Korea. In Argentina last week, the government of Salta announced it would allow exportation of lithium brine to have the value addition take place in another country. I think this is a short sighted decision unless it is somehow limited to a brief period of time. I explain the logic behind my thinking. Last week at the Fastmarkets Lithium Conference the question was asked – does Direct Lithium Extraction (DLE) matter? I explain my thoughts on that topic. I also say why I think the conference needs a “makeover” to remain relevant and challenge my buddy Simon Moores who organized the first edition of the conference when he worked for the Fastmarkets (then called Industrial Minerals) to come up with a new and improved conference for the coming “Golden Age” of lithium. SQM advised me last week what I “have to do” in order for them to be on the podcast….

In episode 83 I have a conversation with a skilled interviewer who talks to me about my three decade “journey” in the lithium world. Topics include: Current lithium “state of play” False lithium narratives The EU battery build out and need for interdependence in lithium supply Why do some contemplating EU conversion projects feel carbonate, rather than spodumene, is the best route to battery quality hydroxide? Why the lithium industry continues to be so misunderstood Barriers to investment Is Elon Musk “worth his salt” with respect to lithium? The future of the cost curve Why I will never catch up with my daughter’s presence on social media What is my favorite “type” of lithium? Why the next lithium shortage will last for years? The problem with feasibility studies Why partners matter Urban Mining Ganfeng’s strategy Shout outs to Jon Evans, Dr. Tom Benson and Chris Reed Why I like LAC and hope Standard Lithium succeeds

Episode 82 features Marco Romero, CEO of Euro Manganese. We discuss the manganese market especially as it relates to lithium batteries and then take a deep dive into the company’s project in the Czech Republic. In a separate segment of this podcast you will also hear my candid thoughts on Piedmont Lithium’s supply contract with Tesla and SQM’s recent ESG announcement and 2020 sales/production guidance. The Euro Manganese Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the heart of Europe, approximately 90km east of Prague. EMN's goal is to become a leading, competitive and environmentally superior supplier of Ultra-High-Purity Manganese Products, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.

This is a two part episode. The first 20 minutes is episode 81 "Elon Musk: 40 Shades of Battery Grade" a Q&A with questions that resulted from my recent appearance on TC's Chartcast - episode 46. I discussed lithium industry basics with an audience more familiar with EVs than lithum chemicals. I got a few dozen questions after that episode and answer several of them here. Afterwards, I include episode 80 with my comments on Tesla's Battery Day. This episode was originally posted on my website: globallithium.net but so the Anchor catalog is complete I am including it here.

This episode features Vivas Kumar of Benchmark Mineral Intelligence for a second appearance. Vivas has been involved in the battery space since 2017 beginning as the “lithium guy” at Tesla before joining Benchmark. We cover a wide variety of topics of the day and then focus the conversation on what is going on in the "soon to be very significant” Indian market. Listen all the way to “rapid fire” and you will find out why Vivas doesn’t want his mother listening to this episode.

Chris Reed, the CEO of Neometals (ASX: NMT), is my guest on episode 78. Chris was the mastermind behind the development of the Mt Marion mine. He wisely brought in two heavyweight partners - Ganfeng and Mineral Resources to ensure guaranteed offtake and timely construction / start-up. Mt Marion is the cornerstone of Ganfeng’s hard rock supply and the first strategic lithium asset in production for Mineral Resources. Chris timed Neometals’ very profitable exit from the project well and retained pro-rata future offtake rights. One of the most forward thinking minds in the lithium world, Chris plans to lead Neometals into the broader battery metals market via “urban mining” – recycling lithium batteries to supply high quality cobalt, nickel and lithium while helping the battery industry greatly lower their carbon footprint. We discuss the current oversupply of spodumene concentrate and where pricing needs to be for newly minted Western Australia mines to survive and then expand to meet the massive growth in lithium demand. Chris and I agree a tight lithium chemicals market and price spike are coming based on the lack of investment in new hard rock and brine capacity in recent years. We examine the two main process categories of recycling and how Neometals will again utilize world class partners to move quickly along the development curve. Chris deconstructs the economics of recycling and where battery metals from urban mining will fit on the various cost curves. The episode concludes by looking at Neometals plans for a lithium hydroxide plant in India with a strategic partner and then move to “rapid fire”. Along the way I add to my vocabulary of Aussie sayings with at least three new ones. The first person that can guess them and leaves me a note on globallithium.net/contact gets a Global Lithium hat. Chris and Neometals COO, Mike Tamlin were the guests on episode 3 “Wizards of Oz” which is still second most popular episode of all 77 prior podcasts based on downloads. As always - thanks to our sponsor Zelandez

Episode 77 of the Global Lithium Podcast: “Gradually then Suddenly”: is a conversation with Roger Atkins. Roger Atkins of electricvehiclesoutlook.com is one of the top EV voices on the planet with 30 years of auto industry experience. This conversation is not really about lithium, it is more about the demand drivers of lithium’s future. Anyone interested in batteries, electric mobility, energy storage or the future will benefit from this podcast. We discuss why OEMs really aren’t as motivated to transition to e-mobility as they like to “advertise”, why Tesla has an almost insurmountable lead in battery and EV technology and move on to the rivalry between Elon Musk and Jeff Bezos and how the world will benefit from their growing competition. We ponder if Musk and Bezos are the new generation of “Robber Barons” with social media generated halos. Elon Musk’s admiration for Henry Ford is another topic. We wonder aloud if Elon would benefit from sharing ideas with Henry’s great grandson the current executive Chairman of Ford Motor Company. Roger explains why simple EV penetration metrics are essentially a meaningless form of what he calls “numerical alliteration”. We break down the e-mobility world by different types of vehicles and discuss how regional differences impact the development of the market. Some market segments are past the mass adoption “tipping point”, others are not. Along the way you will hear thoughts about the major battery chemistries and their relative merits. Roger asks me if I think ESS will be a bigger market than e-mobility, the answer may surprise you. The above, much more and rapid fire.

Alison Dai, the Commercial Director of Chengdu Chemphys, shares her journey from investment banking at JP Morgan Chase to the family lithium business. She discusses the current dynamics of the lithium market, predicting a shift from oversupply to shortage. Alison explores Chemphys' growth strategies and partnerships in international markets. The conversation delves into challenges in upgrading lithium quality and the rise of lithium reprocessors. She also analyzes trends in high nickel and LFP cathodes, providing insights into the future of lithium in the electric vehicle industry.

My guest for Episode 75 is Gene Morgan the CEO of brine field services provider Zelandez. Gene has an interesting story that starts in New Zealand, moves to oil fields in various parts of the world before an invitation to Bolivia led to both meeting his wife and, ultimately, a career change to lithium. We discuss the various services Zelandez provides to lithium explorers, developers and producers. Gene has a unique window on the lithium space interacting  with a wide array of current and future producers. Having started my career with an oil exploration and production company I have long believed that the lithium industry has a lot to learn from the much larger and technologically advanced oil business. If you want to know more about the future of brine production in South America, then this is episode is for you. The name Zelandez should be familiar to you since they have been a loyal sponsor of the Global Lithium Podcast since the early days.