#CleanEnergy #Stocks in the
News (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - JINKOSOLAR (NYSE: $JKS), DEFENSE
METALS, BYD - DEMAND BOOM LEADS TO CATASTROPHE!; @DefenseMetals
Vancouver, British Columbia January 8, 2021 – Investorideas.com Newswire
–Media alert for Defense Metals Corp. (TSX-V: DEFN
/ OTCQB: DFMTF
/ FSE: 35D).The company was featured in the following article : JINKOSOLAR, DEFENSE METALS, BYD - DEMAND BOOM LEADS
TO CATASTROPHE!
Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01081Defense-Metals-Demand-Boom.asp
Full article and Original source
https://news.financial/comments/jinkosolar-defense-metals-byd-demand-boom-leads-to-catastrophe
Excerpt:
The sales figures for all
major electric car manufacturers for the full year 2020 are on the table. 100%
more e-cars were sold compared to the same period last year. But even more
significant for the future is that vehicles with electric motors have overtaken
pure combustion engines in new deliveries. The disruptive replacement is in
full swing. However, shortages are emerging in the raw materials needed for the
production of batteries and motors.
SHORTAGE OF RAW MATERIALS
In addition to lithium,
which is needed for the production of batteries, there is also an enormous
surplus of demand for other raw materials. This demand will become much more
acute in the coming years. Permanent magnets for electric motors are produced
based on rare earth metals. In ten years, the experts at Adamas Intelligence
predict that demand for rare earth oxides for use in magnets will rise from USD
2.98 billion to USD 15.65 billion. The analysts at Adamas Intelligence see by
far the most significant demand primarily for rare earth magnets such as
neodymium, praseodymium, dysprosium and terbium. Even more severe is the
short-term view of three to five years. The demand for rare earths is growing
so enormously that the already insufficient production capacities will not be
enough by far. It is a must to make significant investments in the mining
industry to saturate demand to some extent.
CHINA'S SUPERIORITY
The People's Republic of
China has a virtual monopoly with 80% of rare earth metals production.
Politicians are desperately looking for alternatives in Europe or North
America. Defense Metals, a mineral explorer, is at the top of the list. Founded
in 2016, the Company focuses on acquiring mineral deposits that contain metals
and elements used in the production of renewable energy technologies, such as
rare earth magnets. Research is underway at the Wicheeda project in the
province of British Columbia. The Company says mineral resources are 4.9
million tons at an average grade of 3.02% LREO (light rare earth metals) and
inferred mineral resources of 12.1 million tons at an average grade of 2.90%
LREO.
CASH BOOST AND THE SHARE
PRICE JUMPS
At the end of December,
the Company announced that it would receive approximately CAD 632,000 from the
exercise of 3.157 million warrants. These funds will be used to strengthen
working capital and, in particular, to complete the preliminary economic
assessment (PEA) of the project. The stock market is slowly recognizing the
extreme demand for rare earth metals. Defense Metals shares have almost doubled
to CAD 0.30 in the past four weeks and are close to their 2018 all-time high,
but the stock market value is currently just under EUR 10 million. Given the
further increase in demand due to the electric car boom, there is still
significant room for improvement.
"BUILD YOUR
DREAMS" CONTINUES
The importance of the
procurement of lithium and rare earth metals is shown by the delivery figures
for BYD for December. The Chinese Company sold a total of 56,322 vehicles in
the last month of fiscal year 2020. In the previous month, the figure was
53,943 units. Compared to December 2019, this represents a significant increase
of over 13,000 units. Crucially, however, the report showed that for the first
time in the Company's history, more NEVs were sold than internal combustion
vehicles.
LESS GROWTH THAN
COMPETITORS
Indeed, BYD is still well
ahead of competitors such as NIO (NYSE: NIO) or Xpeng (NYSE: XPEV) in
terms of delivery figures. However, sales of electric cars were lower in
percentage terms than those of its main Chinese competitors compared to the
previous month. Although the share started the day almost 3% down, it managed
to get back into the black over the course of the day.
NEW RECORD
The Chinese photovoltaic
producer JinkoSolar was able to break its world record. An efficiency of 24.9%
was achieved for a large, n-type, TOPCon, monocrystalline solar cell. According
to the Company, the monocrystalline solar cell was manufactured on a
high-quality, low-defect CZ mono-Si substrate. Earlier this year, when the cell
still had an efficiency of 24.2%, JinkoSolar (NYSE: JKS) said the cell was based on the HOT design
and featured tunnel oxide passivated contact technology.
Author STEFAN FEULNER
About
Defense
Metals Corp. https://defensemetals.com/
Defense Metals Corp. is a mineral exploration
company focused on the acquisition of mineral deposits containing metals and elements commonly
used in the electric power market, military, national security and the
production of “GREEN” energy technologies, such as, high strength alloys and
rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708
hectare Wicheeda Rare Earth Element Property located near Prince George,
British Columbia, Canada. Defense
Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture
Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on
the Frankfurt Exchange under “35D”.
For further
information, please contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca
Forward Looking Information
This news release contains “forward‐looking
information or statements” within the meaning of applicable securities laws,
which may include, without limitation, statements relating to finding
partnerships, securing potential offtake agreements, and other business
opportunities, the technical, financial and business prospects of the Company,
its project and other matters. All statements in this news release, other than
statements of historical facts, that address events or developments that the
Company expects to occur, are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward-looking
statements. Such statements and information are based on numerous assumptions
regarding present and future business strategies and the environment in which
the Company will operate in the future, including the price of rare earth
elements, the ability to achieve its goals, that general business and economic
conditions will not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such forward-looking
information reflects the Company’s views with respect to future events and is
subject to risks, uncertainties and assumptions, including those filed under
the Company’s profile on SEDAR at www.sedar.com. Factors that could cause
actual results to differ materially from those in forward looking statements
include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather
conditions, failure to maintain all necessary government permits, approvals and
authorizations, failure to maintain community acceptance (including First
Nations), decrease in the price of rare earth elements, the impact of Covid-19
or other viruses and diseases on the Company’s ability to operate increase in
costs, litigation, and failure of counterparties to perform their contractual
obligations. The Company does not undertake to update forward‐looking
statements or forward‐looking information, except as required by law.
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