RE:RE:Lithium 2019 Looks StrongI suppose if you are looking at the stock price, I agree, it is weak. If you look at the potential of the assets in Argentina & Nevada DJI is in a strong position. Having the only possible lithium brine production outside of Clayton Valley is a very valuable asset not only to DJI/shareholders but to North America. Having a major in the area already mining lithium brine is a potentially huge asset for DJI.
Clayton Valley is the only lithium brine operation in North America. To think Albemarle is not watching Teels Marsh development would be nieve. They already have a processing facility in place approximately 60k down the road from Teels. Lithium carbonate and lithium hydroxide are key components of the lithium-ion battery cathode, making it an extremely sought-after battery ingredient. Silver Peak/Albemarle failed to increase production between 2012 and 2016 and its lithium grades are rumoured to be dropping.
Local lithium supply is key to North America's EV auto industry. There currently exists no mine to the battery supply chain in North America, not in the United States nor Canada.
For instance, BC so far is the only province in Canada announced recently all vehicles sold must be zero-emissions by 2040. The trend will continue.
Over a dozen countries have deadlines for legislation designating timelines for zero-emissions vehicles. The most aggressive being Costa Rica by 2021 all new vehicles must be zero emissions. The others between 2025 - 2040.
There are many compelling reasons to watch DJI/battery metal Jr's with advanced high-grade assets in the space, demand is now, supply in North America is low.