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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

E3 Lithium Ltd. is a Canada-based lithium resource company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. The Company’s Clearwater Project is located between Red Deer and Calgary in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate, removing nearly all impurities. This produces a clean product for the development of high purity lithium compounds used in Li-ion batteries. The Company has measured and indicated lithium resources in Canada, with 16.2 million tons (Mt) measured and indicated Lithium Carbonate Equivalent (LCE), hosted in the Leduc Aquifer. In addition, it has 0.9 Mt of inferred mineral resources in its Rocky Area.


TSXV:ETL - Post by User

Post by GreenArrowUpon Mar 25, 2024 8:40am
129 Views
Post# 35950277

The latest lithium price

The latest lithium price

According to a note out of Goldman Sachs, there was a bit of movement in spot lithium prices in China last week.

At the end of last week, lithium carbonate was fetching a price of US$13,786 per tonne. This is down slightly from US$13,808 per tonne a week earlier.

And if you're wondering how this compares to recent times. The 2022 average lithium carbonate price was US$63,232 per tonne and the 2023 average was US$32,694 per tonne.

Moving on to lithium hydroxide. It is currently commanding US$9,616 per tonne. This is down a touch from US$9,656 per tonne the week before.

This compares to the 2022 average of US$59,190 per tonne and the 2023 average of US$32,452 per tonne.

Finally, the latest spodumene 6% price is US$1,210 per tonne, which is actually up week on week from US$1,120 per tonne.

But much like the other lithium types, this remains down materially from the 2022 average of US$4,368 per tonne and the 2023 average of US$3,712 per tonne.

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