#RareEarth #Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- DEFENSE METALS, GEELY MOTORS ( $GELYF) , THYSSENKRUPP ( $TYEKF) - WATCH OUT, CHINA IS COMING!; @DefenseMetals
Vancouver, British Columbia – March 16, 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: DEFENSE METALS, GEELY MOTORS, THYSSENKRUPP - WATCH OUT,
CHINA IS COMING!
Read
this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/03161DEFN-China-Coming.asp
Full article
and Original source
https://news.financial/comments/defense-metals-geely-motors-thyssenkrupp-watch-out-china-is-coming
Excerpt
The
commodity rally is still in full swing. A messed-up economic forecast has
turned into a witch hunt for all major ingredients for high technology
products. Whether it's cell phones, electric vehicles, non-fossil fuel power
generation and storage, or modern server farms, they are needed everywhere -
industrial metals. For special applications, we even need rare earths; these,
in turn, are the process of a political chain of demands against the leading
supplier - China. If China no longer supplies these crucial materials, modern
high-tech products can no longer be manufactured. But where to get them, if not
steal them?
DEFENSE METALS ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) - A VITAL RESOURCE
EMERGES
Demand in the electric vehicle (EV) industry is causing supply
shortages in key metals such as copper, nickel and lithium. For nickel, for
example, demand growth from EVs is expected to increase 14-fold between 2019
and 2030. For lithium and copper, demand growth is expected to be 9-10 times.
Many metals are extracted in specific regions, and it is not uncommon for there
to be political instability due to the high economic dimension. Around 50% of the world's cobalt,
another vital material, comes from the Democratic Republic of Congo.
The same applies to the so-called rare earths, a unique group of
extremely rare metals. The deposits of rare earths are found mainly in China,
with more than 80%, and to a lesser extent in North America. The current bone of contention, also
under the Biden administration, is arms exports to Taiwan - a major thorn in
the Chinese government's side.
Should the trade war escalate again, the electromagnetically
important metals such as neodymium, praseodymium, dysprosium and terbium could
end up on the sanctions list against the US. Currently, the Western industrial
nations agree that they have long been talking about strategic metals and that
a supply-side dominated by China cannot be the egg of Columbus. So they are looking for new deposits
that, if developed, could fill the successive gaps in supply.
Canadian explorer Defense Metals has come to investors'
attention with its property in Wicheeda, British Columbia. The results of an
X-ray study show that the REE grades can be optimally extracted using low-cost
front-end processing. The share price jumped from CAD 0.20 in December to over CAD
0.70 in February 2021 as the Defense Project now enters a new phase. With a current share price of CAD 0.46, the market
capitalization reaches only CAD 27 million, an interesting level given the
tight situation in the metals sector.
GEELY AUTOMOBILE (GELYF) - POOR SALES FIGURES WEIGH ON THE SHARE
PRICE
Chinese car Company Geely Automobile Holdings Ltd. has published
its delivery figures for February 2021 and has disappointed once again. Growth
is declining - one would currently expect something different from e-mobility.
In February, a total of 77,221 vehicles were sold, an increase of 265% compared
to the same period last year. However, compared with the previous month, when the
Company sold 156,326 units, sales slumped by more than half. The sales figures
also include vehicles sold through the 50/50 joint venture Lynk & Co.
Among the total number of cars delivered by Geely Automobile in
February 2021 were 2,539 New Energy and Electrified Vehicles (NEEVs), a
significant deterioration from the previous month's 4,289 units (December:
7,171 units). Without
further ado, sales of alternative propulsion methods to the internal combustion
engine are sputtering. One could invoke the
Chinese New Year, but those who want to buy a new car will do so in a month of
celebration (perhaps even more so then).
Of course, the Geely Group has much more to offer. In December
2020, Geely Technology Group agreed with Daimler's Chinese partner Farasis
Energy to represent their shared lithium-ion battery interests in a joint
venture. Since Geely, in turn, has a stake in Daimler, an amalgamation of the plans
of all three groups is obvious. Geely Automobile's share price has been under
pressure since January 2021. From the high of EUR 3.63, it recently went down to EUR
2.40, but that was just about the distance that the share was able to gain in
December. Over the year, the value has still doubled.
THYSSENKRUPP AG (TYEKF) - GERMANY AT RISK AS A STEEL LOCATION
The future of the German steel sector continues to raise many
questions. North Rhine-Westphalia's Minister-President Armin Laschet has once
again rejected a state takeover of ThyssenKrupp, leaving the Company itself to
deal with the market's adversities. The much cheaper competition from China, in particular, is
becoming increasingly dangerous. The industry has been struggling with dumped
imports for years.
A few years ago, products from the Middle Kingdom were still
considered backward. Neither quality nor sustainability could keep up with the
European competition, which was why the Chinese campaigned for import
restrictions. But the tide has now turned. Arnd Köfler, the Chief Technology
Officer at ThyssenKrupp Steel, made it public that the new steel mills in China
also met the highest technological standards. The
country is massively expanding its renewable energy capacities, which means
that more green electricity can be used for climate-friendly steel production
in the future.
Like the entire European steel industry, ThyssenKrupp is
therefore under technological pressure. Thinking a little further, hydrogen
technology, for example, would push two issues at once. On the one hand, the
automotive industry urgently needs an alternative to the unclean battery, and
on the other, H2 could enable the production of a "green
steel." Of
course, this requires funds that are not easy to conjure up in Thyssen's
battered balance sheet. So the pressure from China will tend to intensify.
Investors who are willing to take risks have bought Thyssen
shares on the upside for the time being because hopes of an economic turnaround
are also expected to turn everything around for the better at Thyssen. At EUR 11.65, however, the stock is
not yet out of the woods. A chart breakout would only be seen at prices above
EUR 13.20.
Author
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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