GREY:MGXMF - Post by User
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Bluebirdson Jan 10, 2017 4:11pm
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Post# 25690721
Lithium Prices Headed for a Wild Ride
Lithium Prices Headed for a Wild Ride"The FT argues that there is no shortage of global lithium reserves, but that mining lithium is technically difficult, which means miners could struggle to keep up with demand. “Supply is tight, you’re going to need more supply,” Richard Seville, CEO of Argentina-based lithium miner Orocobre, told the FT.
“But the challenge is, things take time and often the supply response to demand is over optimistic.” Article link: Lithium Price War The above article highlights the appeal of MGX's potentially market disruptive shift in lithium extraction technology. Reducing the processing time to less than 1 day compared to 18 months for conventional brine producers.
Nor is there a need for huge capex and mine construction time - the oil industry infrastructure is already in place and modular expansion of pilot plant will ensure swift and cost effective expansion of commercial production which is anticipated as soon as THIS summer.