Critical Elements Lithium Corp V.CRE

RE:Not the time to sell...

[tinker901]

"According to Mining.com, lithium carbonate prices in China are expected to fall by more than 30% in 2024 from the current level, as growing supply from all major producers outpaces the rise in demand from battery users. The spot price of lithium carbonate hit a more than two-year low of 115,500 yuan ($16,185.54) per metric ton in December 2023, and is likely to drop to as low as 80,000 yuan next year as global supply continues to rise"

But the good news is that at 80,000 Yuan (15,000 CDN) CRE would still make a good profit. Since this puts the battery material concentrate at around 1700$ a ton, and our 25% of technical material can go for twice that.

The slump in all lithium plays these days surely affects the share price but does NOT mean that we cannot be profitable.

As we speak, producers ( Albermarle, SQM, Pilbara) are tapering down their production to stay profitable, and some converters in China are closing. The lithium market is a big ship to turn around, but it WILL.

Mark my words.

We know that North America and Europe are both building battery plants and converters. And they want to be independant of China. For us, it is mostly the converters that matter.

But  even if we are trying to put a stop on shipping our raw materials to China, we are not against doing business with Korea,Thailand, Germany or the US.

I lived through the drop from Lithium 1.0 that took us from 1.80$ to 0.35$ just two years ago.

Even if the drop from Lithium 2.0 drags us down to 50 cents, the next wave will have us climb to new hights (above 3 bucks)

I am holding on. We still plan to produce in 2026 and it takes just about two years to build and commission a new plant. So 2024 is when we really start.

There are new drill results coming out soon and when we put all this in the national instrument 43-101 report, it will increase our indicated reserve considerably. ( I am hoping in the 50 million range)