PACIFIC COAST MINERALS
Pacific Coast Minerals and Industry News
Mr. Nathan Myers and Mr. Steven Reynolds inspecting a mine site.


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Bloomberg
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Bloomberg
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Bloomberg Environment
A Brazilian court has ordered Vale SA to halt operations at eight dams linked to iron ore mining after 134 deaths resulted from a recent tailings dam ...

 

 

 

 

Markets
Vale Iron-Ore Mine Halt Risks `Incremental Supply Shock’
 
Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year -- a move that an analyst said could cause “incremental supply shock.” Iron ore in Singapore climbed.

The move is in compliance with a Brazilian court order issued to help improve safety after one of Vale’s tailings dam in Minas Gerais state collapsed in late January, killing more than 130 people and leveling part of a town. The output cut is on top of the planned 40 million ton curbs that the company will implement as it decommissions dams similar to the one involved in the fatal accident.


“This would be an incremental supply shock to the iron ore market and would support prices at higher than expected levels,” Jefferies LLC analysts including Christopher LaFemina said in a note Monday.

The market has already been jolted by the earlier announced output cuts. Iron ore prices have climbed since Jan. 25, when the Vale dam broke, on speculation the world’s largest miner of the steelmaking ingredient could face stricter regulations, crimping supply. Futures in Singapore rose 4 percent in thin trading on Tuesday, after a 14 percent surge last week. Spot prices for all grades of ore have also gained, with high-quality material topping $100 a ton.

Vale's problems amid disaster spur iron ore prices higher
Vale said it is appealing the court order on Brucutu as one of the mining dams mentioned in the decision is a different type than the one that ruptured last month.

Read more on upstream dam: Brazil’s Costly Mining Failures Tied to Cheap Waste Storage

Should the company fail in its appeal of the court decision on the Brucutu mine, Barclays Plc analyst Ian Littlewood said shuttering that mine could “wipe out almost all the global production growth” forecast by the bank this year. Littlewood had earlier predicted mine supply around the world will expand by 34 million tons.

“If Vale is able to continue to produce during the appeal, then there would be no fundamental impact but as we have stated previously, the risk premium is likely to sustain in the short term but diminish through the year,” Littlewood said.

Inventories of iron ore from Brazil shipped to ports in China fell last week for the first time since November, data show.

On Monday, Vale also announced a temporary suspension at the Vargem Grande complex, which accounts for around 13 million tons of iron ore per year. The move is part of its previously announced plans to curb 40 million ton of output.

Vale has said it would aim to partially offset that 40 million tons of lost production by increasing output elsewhere, while many analysts estimated only a slight drop to the miner’s net production. The company originally planned to produce 400 million tons this year.

Operations at Brucutu are likely to be resumed in the near term, once Vale provides the court with the required information, Bradesco BBI analyst Thiago Lofiego wrote in a note. That would limit the impact on shipments, he said.

 

 
Commodities love a tragedy.

Last week’s burst of a tailings dam at a Vale SA iron ore mine in Brazil’s Minas Gerais state has left close to a hundred, and possibly approaching 400, people dead. Far from wilting at the news, iron ore has been surging — up 12 percent in the last five days, its biggest five-day jump in about 18 months.


That seeming cold-heartedness is only natural. Vale produces about a quarter of the iron ore traded by sea. With the company announcing this week that it would close 10 similar dams, a considerable slice of the market — some 40 million metric tons — will be temporarily going off-line just as China’s post-Lunar New Year construction cycle kicks up a gear.

Lion's Share
Vale accounts for about a quarter of the iron ore traded by sea

Source: Bloomberg Intelligence, Bloomberg Opinion calculations
Note: Units are metric tons.
Still, those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.

For one thing, there’s the fact that 40 million tons isn’t all that much in the context of a seaborne iron-ore market that ships about 1.4 billion tons a year.

While Vale’s iron ore is uniquely prized thanks to its high iron content, the shuttered operations are also at its lower-quality pits. Product from the Vargem Grande and Paraopeba complexes has to be processed to turn it into salable pellets or blended with higher-grade ore from the Amazon before being shipped.

Vale’s prize asset, the S11D mine, is still running at barely more than half the full annual-production capacity of 90 million tons that it should hit next year, giving plenty of scope to make up the shortfall from other pits.

The more important issue is what’s happening on the demand side, though. The Baltic Dry Index is a frequently watched measure of shipping costs, heavily influenced by the price of leasing the Capesize bulk ships that transport coal and iron ore. On Friday it fell to its lowest level in nearly two years, down almost 40 percent in the space of a month.

Drying Up
The Baltic Dry Index has slumped over the past month

Source: Bloomberg
“The pace of the freight-rate decline is highly concerning, and isn’t just the result of traditionally weak seasonal demand,” Bloomberg Intelligence analysts Rahul Kapoor and Chris Muckensturm wrote Tuesday.

While profits at Chinese steel mills look to be rebounding because of a slump in the price of metallurgical coke, their customers appear to be having a harder time. Attempts to stimulate the industrial sector are misfiring, as my colleague Anjani Trivedi wrote last month, a fact underlined by Friday’s survey of factory purchasing managers by Caixin Media and IHS Markit, which posted the worst result since February 2016.

Bounce Back
Chinese blast furnaces came close to losses in late 2018 thanks to high coke prices, but have since rebounded

Source: Bloomberg Intelligence
It’s also worth noting that the spread between rebar and hot-rolled coil should normally be positive, since the latter is of higher quality, used in consumer goods and vehicles, whereas the former is primarily for strengthening concrete. Yet it’s been negative now for three months. The overwhelming sense is still of a steel market that’s being propped up by spending on infrastructure and housing. Neither of those areas look set to catch fire soon.

Spread Bet
China's hot-rolled steel coil has been priced at a discount to rebar in recent months. That's not normal

Source: Bloomberg, Bloomberg Opinion calculations
Note: Shows hot-rolled coil price minus rebar price.
To be sure, Chinese investors if anything seem more bullish than those offshore about the current iron ore market. Futures in Dalian have risen, in dollar terms, even further than the Steel Index iron-ore contracts traded in Singapore, and started to climb before Vale’s dam disaster. It’s possible, then, that the extent of Beijing’s efforts to kickstart its slowing economy is only just being appreciated.

China Syndrome
China's Dalian iron ore prices are rallying harder than those in Singapore

Source: Bloomberg
Note: Dalian prices have been converted at prevailing exchange rates.
The more likely scenario is that prices trying to scale the hill of shrinking supply are ignoring the gulf of falling demand. This rally is living on borrowed time.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
To contact the author of this story:
David Fickling at dfickling@bloomberg.net
To contact the editor responsible for this story:
Rachel Rosenthal at rrosenthal21@bloomberg.net
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Brazil's Vale knew of risk to area hit by deadly mine disaster


Rio de Janeiro: Brazilian mining company, Vale, knew as recently as last year that some of the areas 

hit by last

 disaster were at risk if its tailings dam burst, according to an internal Vale study published by a local 

newspaper on Friday.

The study seen by newspaper Folha de S.Paulo represents a fresh embarrassment for the world's 

largest

 iron ore 

miner, which has 

come under intense pressure over the burst tailings dam at its Corrego do Feijao mine last Friday.

With 110 people confirmed dead and another 238 missing, according to a firefighters' count on Thursday 

evening, 

the tailings dam 

collapse in the town of Brumadinho could be Brazil's deadliest mine disaster.

The disaster poses a headache for the new government of far-right President Jair Bolsonaro, whose new business-friendly administration 

must juggle public anger over the tragedy and its own desire to ease mining and environmental regulations to kick-start growth.

The internal study reported by the paper was dated April 18, 2018, and 

outlined the likely impact of a collapse at the dam. It found that the mine

 restaurant, where many Vale workers were likely to have died when the

 dam collapsed, would be hit by toxic mud. Other areas where people 

probably died were also at risk, Folha reported.

A rescue worker leads a dog through the damage after the Vale dam burst.

A rescue worker leads a dog through the damage after the 

Vale dam burst.CREDIT:BLOOMBERG

The study envisaged that sirens would alert workers if the dam burst, but

 the company has said that did not happen because the mud flow 

destroyed them before they could sound the alarm. Two of the Vale 

officials responsible in case of emergencies were killed by the rupture, 

Folha said.

The plan also predicted that the mud flow would travel up to 65 kilometres

 from the dam.

In a statement, Vale acknowledged the existence of the study and said it 

was a routine disaster preparation plan required by regulators.

"This plan is built on the basis of technical studies of hypothetical 

scenarios in the event of a breach," it said, without directly referencing

 Folha's story. 

Vale chief executive Fabio Schvartsman has said the miner built its

 facilities to comply with regulations and that equipment had shown the 

dam was stable.  

Assets frozen

In the wake of the disaster, Vale has said it will take up to 10 per cent of its

 production offline and spend 5 billion reais ($1.87 billion) to 

decommission 10 dams.

On Thursday, state labour courts froze more than 800 million reais of 

Vale's assets as compensation for victims. That followed court orders over

 the weekend freezing 11.8 billion reais in assets to cover rescue efforts 

and damages. The company had about 24 billion reais in cash and 

equivalents at the end of the third quarter.

A ministerial task force convened by Bolsonaro began drawing up a 

unified legislative plan to improve safety, oversight and the licensing of 

dams.

Terrifying Brazil dam collapse caught on camera
Terrifying Brazil dam collapse caught on camera

0:54

Terrifying Brazil dam collapse caught on camera

A dam burst unleashed a torrent of mud that drowned buildings, 

homes and killed at least 65 people at an iron ore mining complex 

in southeastern Brazil.

A person with direct knowledge of the proceedings said the proposals are 

likely to include executive orders and bills in Congress and take at least 

seven to 10 days to prepare.

Residents in the devastated town of Brumadinho were still learning of the

 fallout from the deadly mud flow.

 

Iron ore spot markets rose for a second session on Monday, helped by further gains in Chinese 

steel 

prices.

According to Metal Bulletin, the price for benchmark 62% fines rose 0.5% to $73.80 a tonne, pushing back towards the multi-week high 

of $74.46 a tonne struck on January 8.

Continuing the theme seen in prior sessions, lower grade ore outperformed with the price for 58% fines jumping 

1.2% to $48.33 a

 tonne, leaving it at the highest level since September 5, 2017. That saw the discount to the benchmark price fall to the 

smallest level since August 2017.

The price for 65% Brazilian fines held steady at $88.20 a tonne for a third consecutive session. With prices for lower 

grade ore scaling 

fresh cyclical highs. That saw the price premium demanded for 65% fines narrow to fresh multi-year

 lows.

“China’s preference for higher grade iron ore has declined notably from recent peaks as mills look to cheaper lower grade alternatives like the 58% Fe grade following the fall in steel margins,” said Vivek Dhar, Minign and Energy Commodities Analyst at the Commonwealth Bank.

“The fall in high grade iron ore prices doesn’t mean that China’s preference for high grade ore is set to diminish structurally, but the economics of higher grade ore over mid and low grade ore remains an important consideration. 

“Steel margins remain the critical driver of iron ore prices and China’s preference for higher grade ore. With steel margins still subdued, we see downside risks to iron ore prices.”

The gains in spot markets followed another strong day for Chinese steel futures as traders largely ignored the release of weak Chinese trade data for December. 

The most actively traded rebar and hot-rolled coil contracts finished at 3,575 and 3,459 yuan respectively, above Friday’s night session close of 3,530 and 3,425 yuan.

Those moves helped to drag bulk commodity contracts higher in Dalian with iron ore, coking coal and coke futures closing at 513, 1,245 and 2,015 yuan respectively, all well above where they finished on Friday night.

There was little reaction to data showing Chinese iron ore imports fell by 1% in 2018 to 1.064 billion tonnes.

After rising solidly during the day session, profit-taking was evident in overnight trade on Monday with all five contracts finishing lower.

SHFE Hot Rolled Coil ¥3,437 , -0.17%
SHFE Rebar ¥3,553 , 0.00%
DCE Iron Ore ¥510.00 , 0.29%
DCE Coking Coal ¥1,241.50 , -0.08%
DCE Coke ¥2,010.00 , 0.78%

The modest reversal came despite reports from Chinese state media, citing remarks from Premier Li Keqiang, that policymakers may look to roll out further stimulus measures in the months ahead.

“We should strive for a good start in the first quarter to create conditions for completing the key full-year development targets and tasks,” Li reportedly said.

“Our country’s development environment is becoming more complex this year, there are more difficulties and challenges and the downward pressure on the economy is increasing.” 

Trade in Chinese futures will resume at midday AEDT.


 
 
iron ore news
Daily update  February 6, 2019
NEWS 
Stocks Drift as Dollar Advances; Iron Ore Rises: Markets Wrap
Australia's dollar tumbled after the central bank chief signaled a shift to a neutral stance on policy. Iron orerallied toward $90 a metric ton after Brazil's ...
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Rand shows its mettle as iron ore prices surge
If you are searching for clues on how the rand will move next, watch the ironore price. The South African currency is closely tracking the fortunes of the ...
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Vale Declares Force Majeure for Iron Ore
Vale SA did something it said it wasn't going to do in the wake of the deadly tailings dam collapse in Brazil last month -- declare force majeure on ...
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Vale Declares Force Majeure for Iron Ore After Mine Suspension
Vale SA declared "force majeure" in a series of contracts for the sale of iron ore and pellets as a result of the suspension of production at the Brucutu ...
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Altius Expresses Shareholder Concerns to Labrador Iron Ore Royalty Corporation
ST. JOHN'S, Newfoundland and Labrador — Altius Minerals Corporation (“Altius”) (ALS:TSX, ATUSF:OTC QX) reports that on Friday January 25, 2019 ...
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Russia's Severstal Q4 earnings get coal, iron ore boost
Russian steelmaker Severstal said on Tuesday its core earnings rose 5.3 percent in the fourth quarter compared to the same period the previous year, ...
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Stocks sizzle at 2-month high before Trump State of the Union address
N] were pointing up again while miners were strong globally as well after news that Brazil had ordered the world's largest iron ore miner, Vale, to close ...
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At the open: TSX starts higher on strong corporate results
The Dow Jones Industrial Average rose 48.56 points, or 0.19 per cent, ... mode over the State of the Union to see if any news will be broken, and that ...
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Stocks sizzle at two-month high before Trump State of the Union address
Wall Street futures were pointing up again while miners were strong globally as well after news that Brazil had ordered the world's largest iron ore ...
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Vale Declares Force Majeure for Iron Ore After Mine Halt
Iron ore prices have rallied more than $10 per metric ton in Singapore since Jan. 25, when the dam broke. Futures are poised to begin trading in ...
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World stocks sizzle at two-month high, iron ore still on fire
World stocks sizzle at two-month high, iron ore still on fire ... News that oil giant BP had doubled it profits and another tickup in crude prices overnight ...
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Vale to temporarily suspend activities at 13 million mt/year Vargem Grande iron ore complex
Houston — Vale decided to anticipate the temporary stoppage of production at its Vargem Grande Complex's iron ore concentration plant by halting ...
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Miners soar as gold and iron ore prices rise
The trio have been the beneficiaries of a strong rise in iron ore prices in recent weeks, exacerbated recently by the tragic collapse of a tailings dam in ...
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Iron Ore Pellets Market Development, Market Trends, Key Driven Factors, Segmentation and ...
Global Iron Ore Pellets Market gives Market Overview, along with Market Definition, Development, By Type, By Application and by Region. Report ...
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METALS-Nickel soars to four-month high as miner Vale announces force majeure
A Brazilian court forced production to stop at Vale's iron ore mine after a tailings dam burst last month, killing more than 300 people and compelling ...
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Trading house Mitsubishi maintains full-year profit forecast
The three mines -- 25 percent owned by Mitsubishi and 75 percent by Chilean iron ore and steel producer CAP SA -- produced 14 million tonnes of ...
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  The lost ships of Cortes

The discovery of a centuries-old anchor may help a UM researcher find the fleet the Spanish conquistador scuttled before conquering Mexico.

In July of 1519, in a brazen act that would upend history, Spanish conquistador Hernán Cortés ordered his men to sink all but one of the 11 ships they sailed from Cuba to Mexico on a supposed exploratory mission. 

Nearly 500 years later, the fleet’s final resting place remains unknown. But members of an international team of underwater archaeologists who are conducting the first modern-day search for the scuttled vessels, as well as 16 others that Cortés sank a year later, have found an anchor that provides the first compelling clue to the location of the lost ships. They made their discovery by combining archival and historical data about Spanish conquistadors and the Aztec empire with the best available science, technology, and local community knowledge to survey the seafloor for remains of his fleet. 

“Cortés had two mutinies to quell from men who wanted to return to Cuba, so scuttling those ships was his way of sealing their fate and forcing their allegiance,” said Frederick “Fritz” Hanselmann, director of underwater archaeology at the University of Miami Rosenstiel School of Marine and Atmospheric Science. “So we know why. But how and where would he do it? Would he just float them offshore and say, ‘Oh the ships are gone?’ Or would he make an object lesson of it, and do it in plain view?” 

Hanselmann and the other co-directors of the Cortés expedition, Christopher Horrell, research fellow with the Meadows Center for Water and the Environment at Texas State University, Roberto Junco Sanchez, director of underwater archaeology for Mexico’s National Institute of Anthropology and History (INAH), and Melanie Damour, an independent researcher, lean toward the latter scenario. 

With a grant from the National Geographic Society awarded to Horrell and funding and resources from INAH’s underwater archaeology unit, they and their international team of researchers spent six weeks last summer surveying a 30-square-mile area offshore of Villa Rica de la Vera Cruz, the first Spanish town which Cortés established in 1519, 50 miles north of the modern-day port city of Veracruz. 

By towing a magnetometer behind a small boat to detect anomalies on the seafloor, they uncovered a historic anchor with a well-preserved wooden stock. Wood samples from the stock were sent to two different laboratories, and their testing suggest the samples came from a tree felled between 1417 and 1530, the time period of the Age of Exploration and the conquest of Mexico. 

INAH’s Archeobotanical Laboratory also determined that the wood is a type of red oak that may be indigenious to northern Spain, though additional analyses are ongoing. Interestingly, this area includes the Basque region, where the manufacture of iron tools, fasteners, and anchors was common during the 15th through 19th centuries.   

“It wasn’t until the mid-1800s that anchors were consistently manufactured with iron stocks, so…uncovering it was pretty exciting,” Hanselmann said. “But we have to remain skeptical. As scientists, you have to remain objective and not jump to any conclusions.” 

For now, the anchor remains where it’s been for centuries. Without the means to analyze and preserve the artifact, the archaeologists followed protocol and reburied it where they found it. Once the team acquires more funding, they plan to recover and conserve the anchor and explore dozens of other anomalies recorded with the magnetometer. 

As Horrell noted, the well-preserved nature of the anchor stock suggests that other wooden artifacts, including other remains from wooden ships, could be equally well-preserved. “The number of targets is promising and requires systematic diver evaluation, excavation, and documentation to either eliminate the anomaly from the list of potential targets or discover a shipwreck associated with the 1519 skuttling event,” Horrell said. 

The most interesting anomalies, which signal various degrees of ferrous, or iron, material hidden below, are clustered together, which could indicate multiple components of a shipwreck site. “But it could also be a sunken marine buoy, a lobster trap, fishing tackle, or other marine debris,” Hanselmann said. “You never know until you go and look.” 

The volcanic geology of the area, which could present challenges by influencing the local magnetic field, also could actually benefit the researchers in the long run. 

“One working hypothesis is that Cortés’ vessels were stripped of their usable components, then loaded with local rocks to help ensure they sank,” Damour said. “The magnetic signature of volcanic rocks, clustered in the bottoms of the wooden hulls, may help lead to the fleet’s discovery. Even more importantly, the ballast would likely have helped to preserve the wooden hull beneath them.” 

In all, the archaeologists are searching for the remains of two fleets of Spanish ships, sunk a year apart. The first: 10 of the 11 original vessels that Cortés and about 500 men sailed to Mexico in April 1519—against the direct orders of the governor of Cuba. The second: 16 of the 18 ships Cuban Governor Diego Velázquez dispatched to Mexico a year later with Spanish conquistador Pánfilo de Narváez and 800 soldiers aboard.

They had come to arrest Cortés, but after a short skirmish that left Narváez outmaneuvered and his soldiers eyeing the gold and silver Cortés took from the Aztecs, most of the newcomers willingly joined Cortés’ rogue mission. Not long after, with his small renegade army and alliances with Aztec enemies, Cortés seized Tenochtitlán and conquered Mexico. 

“The conquest was a very traumatic episode in our history that sparks the imagination of most Mexicans,” said Junco. “We think of ourselves as heirs to a great prehistoric past that ended with foreign Spaniards. We hope to change the idea that our Spanish roots are foreign, and by looking at the technology of the first ships to sail our waters.” 

In 1891, Francisco del Paso y Troncoso, a prominent Mexican historian and archaeologist, made the first known attempt to locate Cortés’ fleet—without, of course, the modern-day technology his successors have today. “Utilizing hard-helmet divers, he started underwater archaeology in Mexico and was one of the pioneers in this field of scientific research,” Junco said. 

Believed to have been a combination of lateen and square-sail rigged caravels, little else is known about the vessels. Given that they weren’t laden with gold or other riches, they haven’t attracted treasure hunters who scour the seas for Spanish shipwrecks.  

But to Hanselmann, Horrell, Junco, and Damour, Cortés’ lost fleet offers a glimpse into the beginning of the conquest that ushered in a new era of globalization, connecting and reshaping different cultures, peoples and nations across time. 

“The conquest of Mexico was a seminal event in human history and these shipwrecks, if we can find them, are symbols of the collision of cultures that led to what most of the Western Hemisphere is today, geopolitically and socially,” Hanselmann said. “They are tangible connections to the story of our shared past.” 

Added Horrell, “Archaeology is all about discovering patterns of human behavior through the material remains people left behind. In this case, the shipwrecks and associated artifacts are the tangible remains that can recast the story of the conquest, providing a greater understanding of how our world has changed through time.” 





.

Pacific Coast Minerals USA, LLC discovers two Lithium mines.

January 12, 2010. Pacific Coast Minerals reported on January 12 that two large lithium mines were 

discovered nearby Autlan, Jalisco in Mexico, which estimated deposit scope range is over 545 

kilometers, and estimated reserves while still being determined could exceed 200 million tons of

 lithium on average per four meter depth. It is expected that the first plant of this mine will be put

 into the production at the end of 2011, with 60,000 - 150,000 tons of yearly production.

.

The mines are estimated to have a 10 decade life. The United States, China other countries have 

showed great interest in the discovery especially since it is estimated that Lithium will be the new 

oil of the coming century. At present, only 11 countries all over the world produce lithium, and 

another 3 countries have discover lithium mines but they have not started production. The world

 largest lithium producing area is Chile, and its yearly lithium products account for 84% of the global

 market.


.

THE THIRD ELEMENT - A NEW FUEL

.

"A wonder that may save the planet" ~ The Battle for the 3rd Element.

.

The Third Element could soon siphon off $10.4 trillon in oil revenues and replace 148 billion barrels of black gold. The USA 

government is quietly spending billions to control this rare substance as a matter of national and economic security. Early investors 

could turn every $10,000 into $294,000.

.

Dear Reader, the key to the world's energy needs for the next 50 years. Lies under a windswept sea of sand 50 times drier than Death 

Valley. Here, on an arid plain in South America, you'll find millions of tons of a rare element. One that's capable of replacing 148 billion

 barrels of oil worth $10.4 trillion or more.

.

This wonder element has become the most sought -after and fought- over commodity on the planet. All the biggest oil consuming 

countries are scrambling, shoving each otherout of the way to claim their stake. Including the USA Government. China announced 

plans to jack up production 461% by 2011. An Australian company recently agreed to produce 17,000 tons of this wonder substance 

in China's Jiangsu province.

.

The Obama administration has earmarked a whopping $25 billion -an increase of 6,250 times over previous expenditures- to develop

 refined supplies of this super green fuel. And yet, few investors outside a small circle know the magnitude of what's about to happen 

on this remote patch of earth, hundreds of miles from any major city.

.

To give you a picture, the riches buried in this harsh land could create 3 TIMES the wealth oil will produce in the next five years. 

Even after oil shoots back to $147 a barrel! Over the next ten years, this mother lode could generate 6 TIMES the money oil will 

produce. Even if oil passes the $200 landmark. A critical battle has broken out across the globe to gain control of as much of this

 precious resource as humanly possible.

.

And you're about to discover the one company that holds the key to this whole opportunity. Early estimates indicate as much as 

2,840% gains for investors who get in right now -before worldwide demand really heats up.

.

By the time you finish reading this letter, you'll know how you could become one of them. Let's get right to the details. A worldwide 

battle to control this wonder substance from the Australian outback to the wilds of northern Tibet, from deep in thevast deserts of 

Nevada to the arid flats of South America. The world's biggest players are wasting no time staking their claims to control the "Third 

Element". Just look at the first steps being taken in this race: Korea and Japan are collecting over 150,000 tons of potential reserves

 in Western Australia. The USA Government recently doled out $8 billion (the first step in a $25 billion loan program) to gear up 

production in the USA.

.

China just laid out $429 million to build the country's largest refinery on the Yangtze River, even as they send troops into Tibet to 

lock up new reserves. Warren Buffett recently took a multi million dollar stake in a company that processes the "Third Element" into 

refined fuel. His investment has tripled invalue in the last six months.

.

The United Arab Emirates, the world's third largest oil exporter, just announced a 40% stake in a company developing the 

technology to use the "Third Element" as a fuel source. The biggest oil producers know this technological shift could determine the 

fate of their countries. And these are just the opening moves.

.

Limited Supply vs. Unlimited Demand. Projected demand for this wonder fuel already exceeds production by 16 times. Meridian 

International Research says annual worldwide global demand could explode 6 times more than current production. Prices are 

shooting sky high Madison Avenue Research has learned from various sources that prices for this fuel rose nearly 100% last year. 

And most of it's being bought from one small company, and this supply / demand mismatch has already doubled prices on the 

"Third Element" in just one year.

.

No wonder the major energy players are scrambling to lock up supplies from Governments to big industry worldwide and all 

this is happening as exploding demand has the potential to drive prices up 100% in 12 short months and very likely over 400% in the 

next 36 months.

.

The boom is literally just getting started and here's the good news for investors in the know. One tiny company has already won the 

battle to control the world's next megaenergy source, but what is the "Third Element" exactly? I'll tell you: the mad rush for the 

"Third Element" It's used in everything from medicines to nuclear bombs. It's the lightest metal in the universe. Its extreme 

flammability makes it one of the most compact and powerful fuels and as with oil, there's not enough of it to go around. You see, 

this element is found only in certain places on earth. And its location and form can make it extremely costly to mine and refine. I'm

 talking about lithium, the third element on the periodic table. Until recently, lithium was a minor commodity used in glass and 

mood stabilizing drugs. But then along came lithium-ion batteries.

.

Suddenly, lithium demand went through the roof! As Forbes magazine noted last year when Blackberries and iPods exploded on 

the scene, demand for lithium-carbonate, the refined form used in batteries, doubled from 2003 to 2007. Lithium's ultralight 

weight and volatility make it the perfect fuel for powering batteries of every size. Lithium-ion batteries are lighter, smaller, and 

pack more power than conventional batteries, so they're perfect for cell phones and laptops. Lithium Now Powers Billions of Cell 

Phones and Laptops. Lithium ion (Li-Ion) batteries have quickly become the most widely utilized battery chemistry in today's 

portable electronic devices such as laptops, cell phones, and PDAs. Because of high energy density, light weight, and construction 

flexibility, Li-Ion and Li-Ion polymer have for the most part replaced nickel rechargeable batteries...

.

All top battery manufacturers have since introduced next generation Li-Ion cells that are more powerful... Frost & sullivan but if this 

was just about small electronics, I wouldn't be writing to you today. The electric car revolution starts now and happened to lithium 

demand with consumer electronics is nothing compared to what's about to happen in 2010.

.

As Forbes announced, "The gas engine made petroleum the world's biggest commodity. The electric car could do the same for the third

 element." There's little doubt that lithium is about to become the "next oil" and fast. It's already on track to replace up to 148 billion 

barrels of oil or more and what oil did for early investors lithium could do for early investors. You see, lithium-ion batteries are on the

 cusp of powering the hybrid and electric car revolution and revolution is not too strong a word for it.

.

While countless major automakers are tailoring future fleets based on lithium powered motors, no automaker is betting more on 

lithium than General Motors. GM is counting on lithium-ion batteries to power its new electric hybridcar, the Chevy Volt, starting in 

2010. And nothing less than GM's rebirth as a company is at stake.

.

The Volt's battery pack delivers three times as much energy per pound as the nickel-metal based batteries in the Japanese hybrids. 

They are so advanced, they have their own computer controls and heating and cooling equipment. But here's what will really get 

OPEC's attention. The Volt will cruise for up to 40 miles without touching even a drop of gas. Now, that 40 mile range is no 

coincidence (it's the average distance 75% of Americans travel on their daily commute) after 40 miles, an on board internal 

combustion engine recharges the batteries. It's expected to get 230 mpg in the city and give the Volt a 640 mile range on a 

single tank. In short, the Volt will average approximately100 miles per gallon of gas.

.

Governments around the world are throwing gas on the fire in lithium battery demand in the USA, the Energy Independence and 

Security Act toughened up fuel efficiency standards to 35 mpg by 2020. But President Obama stiffened the standards even more in 

May, raising fuel economy standards to 39 mpg for cars and 27 mpg for trucks. And he bumped the deadline up four years to2016. 

In fact, the standard goesup 5% a year starting now until the goal is reached.

.

These new rules flat out guarantee the Lithium-Ion battery is the only waycar makers can meet the new standards. No other fuel source 

comes close, no doubt demand for GM's new Chevy will be huge but it's just one car on avery long list. Every automaker will soon 

need lithium starting this year, every automaker on the planet will begin flooding the market with electric powered cars. Mercedes 

launches its S400 HYBRID sedan early in 2010. E-Class, M-Class, and GL-Class will be tailing it closely.

.

Tesla Motors has delivered its American-made Roadster, an all-electric two-seater sports car, and plans to debut its Model S 

sedan in 2011. Nissan has retooled a factory in Tennessee to produce 150,000 pure electric cars, called The Leaf. Ford is bringing 

out the pure electric transit connect commercial fleet vanin 2010 and plans to invest $550 million to retool a Michigan truck plant to 

manufacture a pure electric Focus in 2011.

.

According to China's People's Daily Online, China has become the biggest producer, exporter, and consumer of electric vehicles 

in the world. China's passenger car sales jumped 84% in September to 1.02 million vehicles. You may never have heard of them, 

but Chinese car makers Hafei and Coda are planning to bring a mass produced electric car to market in California in fall 2010. 

The new electric Kings of the road...

.

If you think electrics and hybrids are for virtuous dreamers, but aren't fast, fun, or practical take a gander at these "Kings of the road",

 they are already rolling off the assembly line. The Tesla Roadster bullets from 0-60 in 3.9 seconds, attains speeds of up to 160 mph

and travels over 200 miles on a single charge. You can buy one right now. The BMW MINI-E gives you all the fun and nimble 

handling of its gas cousin, but costs 40% less to operate a month. A test fleet was launched in the USA this past May (2009).

.

The Jeep Patriot SUV, Dodge sports car, four door Jeep Wrangler and Chrysler Minivan are pulling Chrysler into the electric car 

race. All of these vehicles, from all of these manufacturers, will need lithium-ion batteries to run. Where might all that lithium 

come from? The answer lies with one perfectly positioned company sitting on 30% of the world's proven reserves. ONE Company 

Sits on a $49.2 Billion Bonanza Already, this dynamo firm controls half of the world market for lithium. And it owns claims on the 

highest quality and most cost-effectively refined reserves, worth a whopping $49.2 billion. (When the price of lithium goes through 

the roof, expect that number to multiply.) These advantages give this one firm a huge head start over virtually every other competitor 

in the world in the battle to control the "Third Element".

.

Clearly, the opportunity for early investors is almost beyond calculation, in just the next 90-120 days, investors in this most precious

 commodity could see gains of 100% as the world market for lithium shoots past $90 billion. By the time the big positions are staked 

out and the wealth carved up, earlyin investors could see every $10,000 invested turn into $294,000 or more and as with oil before it, 

the biggest winners will be those who control themost and best reserves. That's where this gem of a company comes in early investors 

in this relatively small and unknown company could be the biggest of the big winners in the race to control lithium, destined to become 

the "next oil" of the 21st century.

.

This small firm will turn the energy world on its head, we have already seen the inevitability of lithium's rise to energy dominance 

and the inevitability of stratospheric lithium price rises, but here's why this one firm could capture the lion's share of the profits: It 

owns 30% of the world's known lithium reserves, It controls 50% of the world's market for lithium products, It's the only major 

American lithium producer. In fact, despite what you may think you know about producing lithium, this American firm owns reserves 

in the one spot on earth with nearly five and ahalf times more recoverable lithium than any other place!

.

This last point bears repeating "Five and half times more recoverable lithium than any other place" because it is key to this 

company's dominance and profitability. Sitting on the mother lode of Lithium at the world's largest lithium reserve in South America, 

there are only twoo perating lithium mines, and they are quietly pumping 70% of the world's raw lithium out of the ground...

.

But here's the deal, not all lithium is created equal, nor is all lithium equally profitable to refine. To simplify, large 

concentrations of lithium are found in only two forms "spodumene and brine". Spodumene is underground ore, it has to be pains

 takingly extracted, then meticulously dried and processed with harsh chemicals like sulfuric acid before it can be refined into the 

fine powder used in batteries, all of this takes a lot of money. On the other hand, brine-based lithium is easily accessible. It forms in

 large pools laying 90-130 feet under the surface of gigantic salt beds. After it's sucked to the surface, evaporation transforms it 

from light yellow slush into raw lithium. The merciless Sun does all the work! So the cost of mining lithium brine is less than half the 

cost of extracting spodumene ore.

.

Where others pay $2,400 a ton to extract lithium our tiny company pays a mere $1,200 a ton and as the price of lithium shoots 

skyward, this cost advantage -and profits- will increase exponentially! Companies around the world are waiting to scoop up the 

element as soon as it's out of the ground. Even the government is getting in to the game, the Government is throwing gobs of money 

at Lithium since a vehicle battery requires 100 times more lithium carbonate than a laptop battery, the race is on to build large scale 

manufacturing facilities.

.

Everyone's getting in the battery business according to metal miner, a company in Michigan just got $220 million instate aid to 

build a production facility and start cranking out Lithium-Ion batteries. Soon the plant will start buying lithium to go in these batteries 

and the most likely place to get it is from the company that controls 50% of the market. Investors who get in before this, and other 

plants like it come on line, stand to make 2,840%. Read on for more information that's why the Energy Department just announced 

$8 billion in low-cost loans to Ford, Nissan, and Tesla to build new factories. And that's just a down payment. The government's 

committed a whopping $25 billion (the advanced technology vehicles manufacturing loan program) to nurture the industry. Plus, 

they're giving every buyer of hybrids and electrics a massive $7,500 tax credit starting this year! So while the government is reducing 

oil consumption, it's practically guarantee an increase in lithium consumption.

.

That's what government support does, even NASA is getting into the act with a multi-million contract to developthe next generation 

Lithium-Ion technology for rovers, landers, and astronaut packs and other countries (especially China) are using stimulus monies to

 drive their lithium-fueled hybrid and electric vehicle markets.

.

Everyone is racing to be first, this revolution will be battery powered. And Lithium-Ion battery manufacturers are leading the charge.

 LG Chemical will build 10,000 pcs of 400 pound Lithium-Ion battery packs for the Chevy Volt in the first 12 months of production, 

with plans to ramp that upto60,000 a year over time.

.

A123 Systems plans to spend $2.4 billion to build factories to make enough Lithium-Ion batteries for five million hybrid vehicles or 

half a million plug-in electric vehicles per year by 2013.

.

Johnson Controls has set up a joint venture with the French battery producer Saft to make at least 5,000 Lithium-Ion units per year 

by 2012 for the Ford Escape plug-in electric vehicle.

.

BYD, the Chinese car-maker which makes about 80% of Motorola's RAZ Rhand sets, as well as batteries for iPods and iPhones, 

recently raised $481 million for production of Lithium-Ion batteries for its F3DM plug-in electric vehicle, scheduled to hit the USA 

market in late 2010. It travels 62 mileson one charge what does all this add up to? A LOT more demand for lithium than the world is 

producing right now. Here's the math worldwide lithium production was a little over 100,000 tons in 2007, and only 25% went into 

batteries of any kind. Production could reach 176,000 tons by 2018, about 10% of which will go to cars (enough for 284,000 vehicles) 

but that's not nearly enough lithium nor is production fast enough.

.

The prestigious Freedonia Group market research firm predicts hybrid sales will hit 4.5 millon cars as early as 2013! And every one

 of these cars will need a Lithium-Ion battery which means the demand for Lithium could increase by 16 times over current levels 

and five years sooner than current production capabilities allow.

.

Deutsche Bank estimates the market for Lithium-Ion batteries will hit $15 billion this year and $40 billion in the coming years to 

meet the surge in electric cars. Billions in profits for high grade Lithium according to Deutsche Bank, 75 new hybrid electric car 

models will be set for sale by 2011.

.

The National Highway Traffic Safety Administration projects that hybrids will be 20% of the USA auto market by 2015 (up from 2% 

in 2007)J.D. Power predicts that hybrids and electric cars will make up 50% of carsin Europe by 2015 and every battery will use 100 

times more lithium than laptop batteries at a minimum, lithium production will have to increase 16 times just to meetthe demand 

currently projected for these new lithium hungry power plants. And this small company already controls 30% (that's over 6 million 

tons) of the world's proven reserves. And that adds up to billions in profits for companies that supply high grade Lithium for car batteries.

.

Lithium's price is already climbing it's only a matter of time before the battery driven demand spike drives the price, and this

 company's stock, to the heavens permanently. In fact, this spike could happen literally any day now. Company insiders report they're 

fighting off car companies and battery makers who want to secure long term supply contracts while Lithium prices are still relatively 

low but our firm won't be able to fend them off forever. And when they do sign new contracts, it will be for much higher prices. 

Imagine owning even a small piece of the largest lithium reserves on the planet... selling every ounce for astronomical sums as fast

 as you can process it... as demand rockets past supply as the stock price soars to new highs.

.

Maybe that's why the heavy hitters on Wall Street like Kohlberg, Kravis & Roberts and Credit Suisse are already nosing around. They

 smell a big score in the offing... Investors who grab this opportunity now are likely to hit a mother lode. The rest will be kicking 

themselves for missing the chance of a lifetime. Everything is positioned perfectly for this one firm. It's got a "lock" on 30% of 

the world's reserves, a "lock" on 50% of the worldwide market, a worldwide demand spike expected within the next few months. 

Huge demand/supply mismatch with the potential to catapult prices skyward.

.

 

I'm talking about a Lithium battery market that is expected to hit $15 billion this year, a Lithium battery market that could soar to 

$40 billion within a few short years. The first orders for the highest grade Lithium could be the spark that ignites the bonfire. 

With the world's energy future literally at stake, it could be the biddingwar to end all bidding wars. Why gains could go higher than 

2,840%

.

According to sources inside the company, these first big orders could arrive ANY day in the first half of the year, including today. 

That's why it's important to be invested ahead of time so you don't miss the big move when it happens. As soon as the first orders hit, 

this stock could jump as much as 100%. By this time next year, expect it to be as much as 400% higher than it is right now and 

from there, the sky is the limit. When profits rise Stock Prices Explode!

  

As China increased imports three fold to build power plants and skys crapers, iron's price per pound climbed 82% from 

September 2006 to May 2008. Yet, Russia's Mechel Resources shot up 631%! It notched nearly 7 times the gain of the underlying 

commodity. Investors are still talking about that one just to give you an idea of the potential on this Lithium play, oil rose from $5 to 

$147 between 1975 and 2008, an increase of

 2,840%. That was enough to turn every $10,000 invested into $294,000 dollars. Pretty good... but you could have made 31% 

more just by investing in ExxonMobil. In that same period, Exxon Mobil rose from $2.28 to $87, an increase of 3,700% that turned 

every $10,000 invested into $380,000... almost $90,000 more! A $20,000 investment became $790,000... And this doesn't even 

include dividends or dividends reinvested. When you consider that Lithium is slated to replace $10.4 trillon in oil revenues 

just at today's low prices these estimates seem conservative.