tyjonasbiotech....FL sitting on CASH Cow Lithium DepositsYes, tyjonas, hope your weekend was good. Right you are, FL a top 3 Lithium resource as proclaimed by Rodney Hooper (RK Equity)
Cash Cow for sure when mining these deposits and that's why Rio Tinto has decided to move aggressively on purchasing Lithium assets.
Lithium still going bonkers, no supply, Mario Andretti and his company has now entered the Lithium race with his company & electrification.
Looks like battery demand will get top priority of any available Lithium supply and little remaining, if any at all, for the Glass, Ceramics and Lubricant industries (definite supply crunch imminent for those end users who didn't shore up supply ahead of time).
Numerous Lithium contracts coming due in 2022 and will need to be negotiated based on the higher "spot" Lithium price trading well over $50,000 per tonne or around $23 a pound (US$).