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Argentina Lithium & Energy Corp V.LIT

Alternate Symbol(s):  LILIF

Argentina Lithium & Energy Corp. is a Canada-based natural resource company. The Company is focused on acquiring lithium projects in Argentina. The Company explores, develops and advances its four key projects covering over 67,000 hectares (ha) in the Lithium Triangle of Argentina. The Company’s projects include Incahuasi Lithium Project, Antofalla North Lithium Project, Rincon West Project and Pocitos Project. The Incahuasi Project includes a 100% interest in over 25,000 ha of granted mineral rights properties in the Incahuasi Salar and basin in Catamarca Province, Argentina. The Antofalla North Project covers about 10,839 ha, including wholly owned and optioned claims. The Rincon West Project includes mining concessions covering over 5000 ha at the Rincon Salar. The Pocitos Salar Project includes over 26,000 ha of properties subject to four option agreements. The Pocitos Salar is located approximately 100 kilometers west of the town of San Antonio de los Cobres.


TSXV:LIT - Post by User

Post by Analizeron Oct 11, 2024 1:03am
100 Views
Post# 36262181

Lithium updated!!!!!!!

Lithium updated!!!!!!!

However, other lithium bulls are hanging on. BMI, a Fitch Solutions research unit, has predicted a lithium shortage could hit as early as 2025 largely due to China's lithium demand exceeding supply.

"We expect an average of 20.4% year-on-year annual growth for China's lithium demand for EVs alone over 2023-2032," the report stated. In contrast, BMI sees China's lithium supply growing at a much slower 6% annual clip over the same period, pointing out that that rate is not enough to meet even one-third of forecast demand. 

BMI is not the only lithium bull here. "We do fundamentally believe in a shortage for the lithium industry. We forecast supply growth of course, but demand is set to grow at a much faster pace," Corinne Blanchard, Deutsche Bank's director of lithium and clean tech equity research, has told CNBC. Blanchard sees a "modest deficit" of around 40,000 to 60,000 tonnes of lithium carbonate equivalent by the end of 2025, but has forecast a much wider deficit to the tune of 768,000 tonnes by the end of 2030.

By Alex Kimani for Oilprice.com

 
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