Bacanora Lithium PLC BCLMF

BCN.v deal with Tesla heating up other junior lithium

[brodeur]

from ILC.v president

Joe Lowry continues his education about the heating up Lithium market. Tesla has ignited the new rally by its deal with Bacanora. We have discussed it here at length and now market can see it for itself. In one brilliant move Elon Musk has ended "The Lithium Oligopoly" and signed the deal for Lithium Hydroxide supply with Lithium Junior even without any producing mine. 

  It is one more prove that nobody would like to be at the mercy of  "The Big 3" and everybody in this Coca-Cola business would like to have the access to the multiple sources of "sugar" or even better - to have its own secure supply of Lithium. 

  Ganfeng Lithium is building its own secure supply with International Lithium and financing two our J/Vs in Argentina and Ireland. Ganfeng has built one of the largest Lithium Hydroxide facilities in the world and can produce at its plant in China 6,000 T annually. It supplies among many others such notable lithium battery makers as LG Chem, BYD and Panasonic, which supplies Lithium Cells to Tesla Motors now.

  Finally, last week Mr Market has got a little taste of Lithium Fever and we had some volume. Now without putting any capital at risk Tesla Motors has ignited the Lithium Rush and I expect that venture money will find its way to the best lithium stories which are run by the best teams. Hedge funds start to look for the upstream of the electric cars's food chain and are finding lithium story. Maybe this coming volume is the sign of things to come. Tide will lift all boats, but do your DD and chose the best ones!