Advanced Metallurgical Group (Seite 10)
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ISIN: NL0000888691 · WKN: A0MWED · Symbol: ADG
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Werte aus der Branche Stahl und Bergbau
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,9900 | +130,23 | |
| 10,850 | +18,45 | |
| 1,0500 | +17,32 | |
| 3.200,00 | +15,90 | |
| 0,5650 | +14,14 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 5.900,00 | -9,23 | |
| 9,9900 | -9,59 | |
| 67,15 | -10,76 | |
| 9,0100 | -13,37 | |
| 1,0000 | -53,27 |
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Elektromobilität mit Lithium Batterien.
Neben Graphit an der Anode ist Lithium für die Kathode für derzeitige Autobatterien unentbehrlich.
Auch im Lithium Bereich ist AMG aktiv und baut in Deutschland für die neue Elektromobilität in Sachsen-Anhalt jetzt eine neue Lithiumhydroxid-Raffinerieanlage.
Das weiße Gold wird dabei in der betriebseigenen Mine in Brasilien als Spodumerz gewonnen dass dann zu Lithiumhydroxid verarbeitet werden kann.
AMG Lithiumfabrik / Mine in Brasilien
https://www.handelsblatt.com/unternehmen/industrie/elektrom…
🌞
Neben Graphit an der Anode ist Lithium für die Kathode für derzeitige Autobatterien unentbehrlich.
Auch im Lithium Bereich ist AMG aktiv und baut in Deutschland für die neue Elektromobilität in Sachsen-Anhalt jetzt eine neue Lithiumhydroxid-Raffinerieanlage.
Das weiße Gold wird dabei in der betriebseigenen Mine in Brasilien als Spodumerz gewonnen dass dann zu Lithiumhydroxid verarbeitet werden kann.
AMG Lithiumfabrik / Mine in Brasilien
https://www.handelsblatt.com/unternehmen/industrie/elektrom…
🌞
Graphit ist Zukunft, VW, Tesla und andere werden süchtig danach
Bin jetzt hier auch ganz ordentlich investiert, auch weil hier ein amerikanisch-holländisches Profi Critical-Material Unternehmen in vielen Teilen der Welt u.a. Graphit fördert.
Prognosen zufolge wird sich die Graphit Nachfrage bis 2030 vervierfachen.
Die Aktie zieht auch gerade hoch.
https://amg-nv.com/
Bin jetzt hier auch ganz ordentlich investiert, auch weil hier ein amerikanisch-holländisches Profi Critical-Material Unternehmen in vielen Teilen der Welt u.a. Graphit fördert.
Prognosen zufolge wird sich die Graphit Nachfrage bis 2030 vervierfachen.
Die Aktie zieht auch gerade hoch.
https://amg-nv.com/
Die Produktion von AMG besteht aus Lithium, Vanadium, Tantalum, Titanium, Graphit. Dabei werden diese Materialien aus Raffenerieabfällen gewonnen. Alles Materialien die für diverse Hochtechnologien dringend gesucht werden.
Graphit ist das derzeit gängige Anodenmaterial für Batterien. Weltweit werden weitere Werke für die Herstellung leistungsfähiger Batterien (Tesla und Co.) gebaut und der Bedarf ist enorm.
Hohe Investitionen der letzten Jahre und Corona haben den Kurs nach unten gedrückt.
Ich bin eingestiegen und erwarte auf mittlere Sicht durchaus wieder Höchstkurse.
Graphit ist das derzeit gängige Anodenmaterial für Batterien. Weltweit werden weitere Werke für die Herstellung leistungsfähiger Batterien (Tesla und Co.) gebaut und der Bedarf ist enorm.
Hohe Investitionen der letzten Jahre und Corona haben den Kurs nach unten gedrückt.
Ich bin eingestiegen und erwarte auf mittlere Sicht durchaus wieder Höchstkurse.
Antwort auf Beitrag Nr.: 59.515.207 von TheGame90 am 27.12.18 17:10:37Ich bleibe langfristig investiert:
https://seekingalpha.com/article/4245943-amg-advanced-metall…
(…)
Philip Ngotho
Hi, good morning, it's Philip Ngotho from ABN AMRO. I have a number of questions. First, on the ramp-up of the spodumene plant, so I understand it has been delayed by a bit more than a month. But I was wondering if you could indicate back in Q3, where the results you indicated that you were expecting the average utilization rate for the lithium plant in 2019 to be at 85%. And I was wondering what's – what the implications are for this delay, so what do you expect for 2019 in terms of average utilization rate? And in relation to that, I'm also wondering if you could still give a bit of a view on how the production costs are developing or what your view of – on that is?
Back two years ago, when you announced the plant – the plans to build a lithium spodumene plant, you were guiding for production costs of just above $200 per ton. I understand that's excluding the shipments to China. But can you give an indication of where you see these – the production cost level averaging out so that we can also get a bit of a feeling of what to expect in terms of earnings contribution? Those are my questions for now.
Heinz Schimmelbusch
Though the SP1 ramp-up will lead to what is expected to happen in May, namely, with the end of – mid- to end of May, the so called, 100% test in the contract of our EPC contract that we have, that is a very important event and that has been shifted by a month, and we do not speculate about the ramp-up details as we got to – when we finally reach continuous 100%. That's not – that would be very unusual in the – the cost, you mentioned the cost is unchanged. We – what you just referred to – you referred to a cost level announced earlier, and that is unchanged. There's no new information about any cost level changes.
(...)
Heinz Schimmelbusch
The vanadium price in – when you do spot right now is around $40 of vanadium. I think that is a good assumption for the rest of the year. It might go back up further. But tell me about the future. I think the fundamental trend when you read my elaborations in my letter to the shareholders in the last annual report, I will amend that by the way this year, and that we'll be adding another plant. Vanadium is in a multi-trend, long-term growth scenario. That doesn't mean this goes in a straight line, but if I had to pay the long-term vanadium prices, I would be very safe betting on strong vanadium.
The supply of vanadium is limited. The supply comes from remote areas, partly from environmental, very cumbersome production facilities, which are under scrutiny. We are having a very environmentally superior technology, and we are 100% recycle.
We also work on technologies to not only go from spent catalyst into ferrovanadium, but also from spent catalyst into V2O5 and then high-purity vanadium as we are the world's leading titanium alloy producer. And when you hear titanium alloy, you hear vanadium.
So titanium alloys are only 90% titanium, the rest is other things. And among the other things, vanadium is the most prominent one and that's high-purity vanadium. And if you close the loop between spent catalyst – vanadium sourced from spent catalyst into high-purity vanadium, that's a very interesting route and a very – it's in a way effect of integration into recycling. And then you match – and that is high margins, that is high margins, solidly high margin. So there's a lot of things happening in that section of our business.
Philip Ngotho
Okay. But are you less comfortable of now issuing or giving some kind of guidance on what you expect in terms of average utilization?
Heinz Schimmelbusch
I have never changed my opinion on this lithium project. I think in my definition, it is business as usual, a ramp-up business as usual. It's a very complex chemistry plant. We are extremely happy that the product quality is excellent and that is the most important form. When you are running a business like that, the most important – the box to check first is, are we producing high levels of quality? And that is the case.
Every mineral logical composition of lithium-containing material has its individuality, and you can develop that and you can do all sorts of things, but then you have to produce consistent qualities, and we are. So that's number one. That's the first part, and that's a big success. We shipped the material – we started last year to ship that material to our very sophisticated customer. And the material is being used and is totally accepted.
The rest of ramp-up is tweaking, and that has unforeseen events and it has little accidents, but it is improving. So that wasn't special – we expect is 100% test to be successful, and that has been the milestone for bringing the production consistently on a very high level. Why are we confident is because we have a very reassuring management team and the EPC contractor has given us very strong statements to that effect. I think we should then move on.
(…)
Heinz Schimmelbusch
(…)
The aerospace engine industry is dominated by the LEAP-X engine. And the LEAP-X engine has presently an estimated backlog of $170 billion, which was built over years.
So, for example, I don't know – you have to set in, but from memory, there were 1,000 engines built in 2018, LEAP-X next year, it's almost double that number. So it's a high growth industry, very solid, very long term and the supply line is under threat, but we are adding pieces, but not in a big way. This is a question of high specialist hirings here and there. But the very positive thing is that the margins are very stable and also stable margin this year. And you have to manage a deck like that, this whole supply chain, then the whole supply link is in the good shape. So we are in good shape.
And I think that is very much the reason for the formation of AMG Technologies because we need a very focused management on the aerospace business. And our titanium aluminide end up in the same engine, in the different section of the same engine. And coating, we are the world's leading supplier of coating of turbine blades that ends up in the same engine. And ceramic matrix composites end up in the same engine
Stijn Demeester
Yes good morning to you. My first question is on vanadium. In the past, you have guided for the sensitivity of $1.5 million to $2 million in additional EBITDA per $1 per move over the price. Obviously, looking at 2018, this equation didn't hold up and gross profit and EBITDA was higher than you would assume on using the rule of thumb. Can you explain which factors drove this extraordinary profitability in 2018? And can you help us understand or what should we take into account for 2019 when forecasting this vanadium business? This is my first question.
Heinz Schimmelbusch
I don't want to complicate your life. But our vanadium business has four cash flow components: one is vanadium; two is tipping fees, that's cash, that's nonvolatile; three, molybdenum; and four, nickel, because these three metals are being extracted. The tipping fee is moving up over time as the capacity of recycling is carved.
And the other elements have their own sensitivities each. So that is a complex formula. Molybdenum has been strong. Nickel is right now strong. Vanadium has been strong, leveled off a little, but it might be strong again. Tipping fees move up. So that's what's happening. But no matter what's happening, the tipping fees cover our operating cost. And therefore, we are the worst lowest cost producer of vanadium.
Stijn Demeester
Okay, understood. And then the next question is on Ecopro. As I understand negotiations or I assume that negotiations are still ongoing, can you lay out complexities of these negotiations? Perhaps...
Heinz Schimmelbusch
I'm not talking negotiations. I'm talking technical tests and visibility work, engineering work. So they are very clear what the structure is, what we have negotiated, but it needs to work. And this is a new route, a new flowsheet. And we need to ensure that, that it is the right thing to do. And all our Ph.D.s in our laboratories are on it right now, on this pilot plant work and laboratory work and we have to be sure. There was an earlier conversation in this call about supply delays, et cetera, in the lithium world. And that is related to that. We don't want to make a mistake. And time doesn't play really a character. It's not so that we will never compromise the visibility because we want to haste the input into production. This is a game of very high CapEx. And, therefore, you have to control your risks. And you cannot make compromise in that regard. Visibility means visibility in this industry.
In most cases, a laboratory is not enough. You need a pilot plant. And not only you need a pilot plant, you need a commercial kind of demonstration of the quality. That's very important.
Stijn Demeester
May be…
Heinz Schimmelbusch
I mean, let me elaborate, please. The upgrading of a lithium chemical produced in Brazil, in Korea is linking lithium sulfide into – turned into hydroxide, into a quality of cathode material, which is past 1 billion. It's a quality – it's not past one million, it's past one billion. So you better assure you are meeting those things, because the better in the material world is quality wise, that challenge – quality is the challenge.
Stijn Demeester
Okay, understood. I don't want to over simplify it but do you think the probability of starting a deal has come down since the third quarter? Would you...
Heinz Schimmelbusch
No, it has not. No, no, no.
Stijn Demeester
Okay, final question, if I may, on tantalum. Obviously, prices, spot prices have come down a lot, I think, mainly due to new supply coming from Australia. That is probably not the end of it and also AMG is increasing capacity in the next few years. What is your view on prices? At which level do you expect them to stabilize? And should the current price levels influence your profitability for tantalum business and then also probably lithium business in the next few years?
Heinz Schimmelbusch
Well, we have a lithium tantalum mine, or a tantalum lithium mine in Brazil, and that we are, of course, the local producer. The interesting part here is, of course, Central Africa. When you can tell me about the future of political stability in Congo looks like, then I am able to comment on this. We have been active in Congo. We have left fortunately and we don't want to go back. And our quality is that we can write long-term contracts in tantalum. In the Central Africa, you can write a contract, but then the question is what you do with that contact.
You can hang it, you can frame it and put it on the wall. That's about it, it's in a static value, not a commercial value. And I have watched this for a long time. I am wondering what uses of tantalum think when they source their value chains in Congo. And then the independent directors are signing statements that they have value chain scrutiny and audits and all that. It's all very challenging. So they probably – we have a very strong compliance officer who watches our value chains. And those companies, obviously, have that deficiency in that area.
https://seekingalpha.com/article/4245943-amg-advanced-metall…
(…)
Philip Ngotho
Hi, good morning, it's Philip Ngotho from ABN AMRO. I have a number of questions. First, on the ramp-up of the spodumene plant, so I understand it has been delayed by a bit more than a month. But I was wondering if you could indicate back in Q3, where the results you indicated that you were expecting the average utilization rate for the lithium plant in 2019 to be at 85%. And I was wondering what's – what the implications are for this delay, so what do you expect for 2019 in terms of average utilization rate? And in relation to that, I'm also wondering if you could still give a bit of a view on how the production costs are developing or what your view of – on that is?
Back two years ago, when you announced the plant – the plans to build a lithium spodumene plant, you were guiding for production costs of just above $200 per ton. I understand that's excluding the shipments to China. But can you give an indication of where you see these – the production cost level averaging out so that we can also get a bit of a feeling of what to expect in terms of earnings contribution? Those are my questions for now.
Heinz Schimmelbusch
Though the SP1 ramp-up will lead to what is expected to happen in May, namely, with the end of – mid- to end of May, the so called, 100% test in the contract of our EPC contract that we have, that is a very important event and that has been shifted by a month, and we do not speculate about the ramp-up details as we got to – when we finally reach continuous 100%. That's not – that would be very unusual in the – the cost, you mentioned the cost is unchanged. We – what you just referred to – you referred to a cost level announced earlier, and that is unchanged. There's no new information about any cost level changes.
(...)
Heinz Schimmelbusch
The vanadium price in – when you do spot right now is around $40 of vanadium. I think that is a good assumption for the rest of the year. It might go back up further. But tell me about the future. I think the fundamental trend when you read my elaborations in my letter to the shareholders in the last annual report, I will amend that by the way this year, and that we'll be adding another plant. Vanadium is in a multi-trend, long-term growth scenario. That doesn't mean this goes in a straight line, but if I had to pay the long-term vanadium prices, I would be very safe betting on strong vanadium.
The supply of vanadium is limited. The supply comes from remote areas, partly from environmental, very cumbersome production facilities, which are under scrutiny. We are having a very environmentally superior technology, and we are 100% recycle.
We also work on technologies to not only go from spent catalyst into ferrovanadium, but also from spent catalyst into V2O5 and then high-purity vanadium as we are the world's leading titanium alloy producer. And when you hear titanium alloy, you hear vanadium.
So titanium alloys are only 90% titanium, the rest is other things. And among the other things, vanadium is the most prominent one and that's high-purity vanadium. And if you close the loop between spent catalyst – vanadium sourced from spent catalyst into high-purity vanadium, that's a very interesting route and a very – it's in a way effect of integration into recycling. And then you match – and that is high margins, that is high margins, solidly high margin. So there's a lot of things happening in that section of our business.
Philip Ngotho
Okay. But are you less comfortable of now issuing or giving some kind of guidance on what you expect in terms of average utilization?
Heinz Schimmelbusch
I have never changed my opinion on this lithium project. I think in my definition, it is business as usual, a ramp-up business as usual. It's a very complex chemistry plant. We are extremely happy that the product quality is excellent and that is the most important form. When you are running a business like that, the most important – the box to check first is, are we producing high levels of quality? And that is the case.
Every mineral logical composition of lithium-containing material has its individuality, and you can develop that and you can do all sorts of things, but then you have to produce consistent qualities, and we are. So that's number one. That's the first part, and that's a big success. We shipped the material – we started last year to ship that material to our very sophisticated customer. And the material is being used and is totally accepted.
The rest of ramp-up is tweaking, and that has unforeseen events and it has little accidents, but it is improving. So that wasn't special – we expect is 100% test to be successful, and that has been the milestone for bringing the production consistently on a very high level. Why are we confident is because we have a very reassuring management team and the EPC contractor has given us very strong statements to that effect. I think we should then move on.
(…)
Heinz Schimmelbusch
(…)
The aerospace engine industry is dominated by the LEAP-X engine. And the LEAP-X engine has presently an estimated backlog of $170 billion, which was built over years.
So, for example, I don't know – you have to set in, but from memory, there were 1,000 engines built in 2018, LEAP-X next year, it's almost double that number. So it's a high growth industry, very solid, very long term and the supply line is under threat, but we are adding pieces, but not in a big way. This is a question of high specialist hirings here and there. But the very positive thing is that the margins are very stable and also stable margin this year. And you have to manage a deck like that, this whole supply chain, then the whole supply link is in the good shape. So we are in good shape.
And I think that is very much the reason for the formation of AMG Technologies because we need a very focused management on the aerospace business. And our titanium aluminide end up in the same engine, in the different section of the same engine. And coating, we are the world's leading supplier of coating of turbine blades that ends up in the same engine. And ceramic matrix composites end up in the same engine
Stijn Demeester
Yes good morning to you. My first question is on vanadium. In the past, you have guided for the sensitivity of $1.5 million to $2 million in additional EBITDA per $1 per move over the price. Obviously, looking at 2018, this equation didn't hold up and gross profit and EBITDA was higher than you would assume on using the rule of thumb. Can you explain which factors drove this extraordinary profitability in 2018? And can you help us understand or what should we take into account for 2019 when forecasting this vanadium business? This is my first question.
Heinz Schimmelbusch
I don't want to complicate your life. But our vanadium business has four cash flow components: one is vanadium; two is tipping fees, that's cash, that's nonvolatile; three, molybdenum; and four, nickel, because these three metals are being extracted. The tipping fee is moving up over time as the capacity of recycling is carved.
And the other elements have their own sensitivities each. So that is a complex formula. Molybdenum has been strong. Nickel is right now strong. Vanadium has been strong, leveled off a little, but it might be strong again. Tipping fees move up. So that's what's happening. But no matter what's happening, the tipping fees cover our operating cost. And therefore, we are the worst lowest cost producer of vanadium.
Stijn Demeester
Okay, understood. And then the next question is on Ecopro. As I understand negotiations or I assume that negotiations are still ongoing, can you lay out complexities of these negotiations? Perhaps...
Heinz Schimmelbusch
I'm not talking negotiations. I'm talking technical tests and visibility work, engineering work. So they are very clear what the structure is, what we have negotiated, but it needs to work. And this is a new route, a new flowsheet. And we need to ensure that, that it is the right thing to do. And all our Ph.D.s in our laboratories are on it right now, on this pilot plant work and laboratory work and we have to be sure. There was an earlier conversation in this call about supply delays, et cetera, in the lithium world. And that is related to that. We don't want to make a mistake. And time doesn't play really a character. It's not so that we will never compromise the visibility because we want to haste the input into production. This is a game of very high CapEx. And, therefore, you have to control your risks. And you cannot make compromise in that regard. Visibility means visibility in this industry.
In most cases, a laboratory is not enough. You need a pilot plant. And not only you need a pilot plant, you need a commercial kind of demonstration of the quality. That's very important.
Stijn Demeester
May be…
Heinz Schimmelbusch
I mean, let me elaborate, please. The upgrading of a lithium chemical produced in Brazil, in Korea is linking lithium sulfide into – turned into hydroxide, into a quality of cathode material, which is past 1 billion. It's a quality – it's not past one million, it's past one billion. So you better assure you are meeting those things, because the better in the material world is quality wise, that challenge – quality is the challenge.
Stijn Demeester
Okay, understood. I don't want to over simplify it but do you think the probability of starting a deal has come down since the third quarter? Would you...
Heinz Schimmelbusch
No, it has not. No, no, no.
Stijn Demeester
Okay, final question, if I may, on tantalum. Obviously, prices, spot prices have come down a lot, I think, mainly due to new supply coming from Australia. That is probably not the end of it and also AMG is increasing capacity in the next few years. What is your view on prices? At which level do you expect them to stabilize? And should the current price levels influence your profitability for tantalum business and then also probably lithium business in the next few years?
Heinz Schimmelbusch
Well, we have a lithium tantalum mine, or a tantalum lithium mine in Brazil, and that we are, of course, the local producer. The interesting part here is, of course, Central Africa. When you can tell me about the future of political stability in Congo looks like, then I am able to comment on this. We have been active in Congo. We have left fortunately and we don't want to go back. And our quality is that we can write long-term contracts in tantalum. In the Central Africa, you can write a contract, but then the question is what you do with that contact.
You can hang it, you can frame it and put it on the wall. That's about it, it's in a static value, not a commercial value. And I have watched this for a long time. I am wondering what uses of tantalum think when they source their value chains in Congo. And then the independent directors are signing statements that they have value chain scrutiny and audits and all that. It's all very challenging. So they probably – we have a very strong compliance officer who watches our value chains. And those companies, obviously, have that deficiency in that area.
Hat jemand eine Ahnung wie es operativ bei AMG aktuell aussieht?
Sind die Preise für Metalle und Rohstoffe in den Bereichen die für AMG entscheidend sind schon kollabiert oder leidet man nur an der allgemeinen Marktschwäche (insbesondere bei den Rohstoffen)?
Ich mache mir bei den momentanen Kursen Gedanken darüber aufzustocken bin mir aber nicht sicher wie stark das Pendel hier in die Gegenrichtung schlagen kann. Nach einem EPS von 0,93$ im letzten Quartal wäre ein Rückgang um 30-40% immer noch verträglich. Darunter könnte der Kurs noch deutlich weiter fallen.
Sind die Preise für Metalle und Rohstoffe in den Bereichen die für AMG entscheidend sind schon kollabiert oder leidet man nur an der allgemeinen Marktschwäche (insbesondere bei den Rohstoffen)?
Ich mache mir bei den momentanen Kursen Gedanken darüber aufzustocken bin mir aber nicht sicher wie stark das Pendel hier in die Gegenrichtung schlagen kann. Nach einem EPS von 0,93$ im letzten Quartal wäre ein Rückgang um 30-40% immer noch verträglich. Darunter könnte der Kurs noch deutlich weiter fallen.
Trading Spotlight
Antwort auf Beitrag Nr.: 58.941.849 von R-BgO am 12.10.18 12:51:53Charttechnisch sieht`s momentan nicht so gut aus! Bin übrigens bei 19€ raus...vor Jahren.
Gruß
Lenny
Gruß
Lenny
Antwort auf Beitrag Nr.: 44.862.419 von R-BgO am 17.06.13 13:22:18
überlege, dem Erinnerungsstück wieder Gesellschaft beizustellen
Der Verkauf war zu 6,40
😢😢😢😢überlege, dem Erinnerungsstück wieder Gesellschaft beizustellen
Die höheren Rohstoffpreise und der US$ befeuern weiter die Aktie von AMG.
Auch die (kleine) Dividende wurde in der Zwischenzeit eingebucht.
Auch die (kleine) Dividende wurde in der Zwischenzeit eingebucht.
Antwort auf Beitrag Nr.: 57.604.764 von mxm am 23.04.18 10:31:44
Glückwunsch zu deinem günstigen Einstiegskurs.
Ich habe lange Zeit die Rohstoffwerte ignoriert - war wohl ein Fehler.
Aber aus Fehlern sollte man lernen - heute bei AMG +15%
Zitat von mxm: das ist gut. freu dich auf mehr. ich bin bei 12€ rein
Glückwunsch zu deinem günstigen Einstiegskurs.
Ich habe lange Zeit die Rohstoffwerte ignoriert - war wohl ein Fehler.
Aber aus Fehlern sollte man lernen - heute bei AMG +15%
Antwort auf Beitrag Nr.: 57.602.916 von valueanleger am 23.04.18 06:21:19das ist gut. freu dich auf mehr. ich bin bei 12€ rein
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