Nemaska Lithium Inc NMKEF

Trump’s Recent Executive Order Could Boost Lithium Supply

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One critical metal of heavy emphasis on the list is lithium, which the U.S. is currently importing 50% from abroad. This presents an unprecedented opportunity for a country that has so much undeveloped lithium reserves but previously chose to mostly bypass domestic mining in favor of imports. This executive order now changes everything, and with the global demand for lithium used in electric car batteries rising at an unstoppable pace, the global lithium supply landscape is set for a shakeup. Companies poised to lead in the supply of lithium include Standard Lithium Ltd. (TSX.V:SLL) (FRA: S5L) (OTCQX:STLHF) (STLHF Profile), Liberty One Lithium Corp. (TSX.V: LBY) (OTCQB: LRTTF) (FRANKFURT: L1T), Albemarle Corporation (NYSE: ALB), Lithium X Energy Corp. (TSX.V: LIX) (OTC: LIXXF) and Nemaska Lithium Inc. (TSX: NMX) (OTCQX: NMKEF) (FRANKFURT: N0T). Another Canada-based player that is specifically focused on serving as a supplier for the lithium battery market is Nemaska Lithium Inc. (TSX: NMX) (OTCQX: NMKEF) (FRANKFURT: N0T). Nemaska Lithium is developing a key spodumene lithium hard rock deposit in Quebec, Canada, that is being touted as one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate that is produced at the companys Whabouchi mine will be shipped to Nemaska Lithiums lithium compounds processing plant, which is planned to be built in Shawinigan, Quebec. This facility will transform spodumene concentrate into high-purity lithium hydroxide and carbonate using the companys proprietary methods, for which Nemaska Lithium holds nine issued patents and various patent applications that are pending in different countries.