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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

Frontier Lithium Inc. is engaged in the acquisition, exploration and development of lithium mineral properties in Ontario, Canada. The Company is engaged in a pre-production business with a focus to be a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the electric vehicle and energy storage markets in North America. The Company’s flagship asset, PAK Lithium Project, located about 175 kilometers (km) north of Red Lake, Ontario in the Red Lake Mining District and encompasses close to 27,000 hectares (ha). It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 km northwest of the PAK deposit within the project claims. Its lithium products include spodumene concentrate and lithium hydroxide monohydrate.


TSXV:FL - Post by User

Post by MightyPoPoon Nov 24, 2022 10:32am
203 Views
Post# 35125000

Citi

Citi

Citi analyst Shreyas Madabushi remains bullish on the mid-term prospects for lithium prices.

“Lithium spot prices were under pressure this week amid concerns of weakening demand in China. The trigger was news reports of battery producers cutting their cathode production forecasts and the possibility that China electric vehicle subsidies may not be extended into 2023. Prices remain extremely high relative to miners’ production costs of $5-10k/t and compared with average prices of $13k/t over the 2017-2021 period. We remain very bullish on the outlook for electric vehicle sales and penetration rates, and we mark-to-market higher our 0-3 month price for lithium carbonate to $72,000/t (up from $65,000/t), while our $50,000/t 6–12-month forecast remains unchanged. ... Lithium spot prices declined this week after a massive ~1,300% rally which started in 2H’20 — Reports that a major cathode producer was cutting its production forecasts was the main trigger for the pullback.”

The sell-off combined with the analyst’s bullishness suggests a potential buying opportunity in lithium miners for patient investors.

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