Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.26p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.39p
  • 52 Week Low: 0.21p
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 70,688,542
  • Market Cap: £43.10m

Lithium demand predicted to soar even further

By Oliver Haill

Date: Wednesday 11 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Lithium demand is set to soar further as China's plan to ban new petrol-powered vehicles has led to increased forecasts for alternatively fuelled vehicles in coming years.
Coupled with plans by Tesla, BMW, Volvo and Volkswagen, consultant Roskill has estimated 785,000 tonnes of lithium carbonate equivalent will be needed per year by 2025.

Based on currently anticipated supply levels, Roskill calculates there will be a 26,000-tonne shortfall.

In 2017, 227,000 tonnes of supply is expected to slightly exceed the 217,000 tonnes demanded.

China's new mandate is forecast to see demand in the country reach 6m AFVs a year by 2025.

"Despite compelling positivity surrounding global electric vehicle policies and mandates, there are mounting apprehensions over the distribution of electricity to power the electric vehicle boom. The drastic rise in electric and hybrid-electric vehicles will need to be met with a substantial rise in base-load power from the gird systems," said analysts at SP Angel on Tuesday.

FinnCap has previous explained some of the dynamics of the sector.

"Hard-rock sources of lithium are far more widely distributed geographically though so far have seen only limited commercial exploitation. Until now, this has simply been because the brine operations are more profitable. However, the significant increase in demand, in particular for lithium carbonate for battery manufacture, means that much of the near-term increase in supply will have to come from hard-rock sources."

London-listed miners with existing or potential lithium assets include Rio Tinto via its Jadar prospect is Serbia, Rainbow Rare Earths, Savannah Resources, Kodal Minerals and European Metals

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.26p
Change Today 0.005p
% Change -1.92 %
52 Week High 0.39p
52 Week Low 0.21p
Volume 70,688,542
Shares Issued 16,904m
Market Cap £43.10m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average
19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average
Price Trend
7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
17:07 9,800,000 @ 0.26p
16:29 169,382 @ 0.25p
16:20 1,946 @ 0.26p
16:19 100,000 @ 0.25p
16:19 7,785 @ 0.26p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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