On March 17, 2021, an article was published by S&P Global entitled, 'Volkswagen's plan on LFP use shifts hydroxide dominance narrative in EV sector'. Click here to read this article. The article talks about how on March 15th, Volkswagen announced its intention to employ Lithium Ferrophosphate or Lithium Iron Phosphate (LFP) batteries in its own models. This was the first ever announcement of LFP use in the rapidly growing European electric vehicle (EV) market.
According to the article, "Before the Volkswagen announcement, Tesla's CEO Elon Musk had tweeted in late February that the US-based EV maker was also eying to increase LFP employment. Historically reliant on NCA, Tesla started using LFP batteries for the Model 3 Standard Range produced in its Shanghai Gigafactory."
The Quebec Government is pushing forward with plans to construct a $1.2 billion North Shore Marine Terminal so that Arianne Phosphate (TSXV: DAN) will be able to export its Green Igneous Phosphate Rock to the E.U. and other countries.
If you visit the web site for the Port of Saguenay located in Quebec by clicking here it says, "Saguenay Port Authority plans to expand its activities through the construction of a new marine terminal to serve the left (north) shore of the Saguenay River. Facilities at the terminal will include the following main components: a wharf, a ship loader, silos and systems for handling concentrates, and a dock access path for operational and maintenance requirements. The terminal will be located in Sainte-Rose-du-Nord, in the Fjord-du-Saguenay RCM."
The second paragraph says, "On the basis of the conclusions of the studies on transporting materials carried out by the Arianne Phosphate mining company as part of its apatite project at Lac à Paul, the Saguenay Port Authority, after analyzing the opportunities for multi-user development of this site in relation to the Plan Nord and the Maritime Strategy, made proposals to take over its development, from studies to the operation of the site, including of course its construction."
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