Albemarle recently increased its lithium demand forecast due to the US Inflation reduction Act and the continued growth of EV demand. They predict a deficit of 800,000 MMt of lithium, with over 100 new projects to be brought into production to satisfy that gap.
https://www.greencarcongress.com/2023/01/20230125-albemarle.html
With short supply comes high prices, which are good for those in the mining industry as the same resource only generates more value. EMIN has been working hard to get their properties ready for further exploration.
- 3 of their lithium licenses in Minas Gerais have been geochemically mapped by Foxfire (a JV partner), with LCT pegmatite results to be released in Q1.
- Sigma lithium also recently increased their mineral reserves by 60%, which is located just 38km away from EMIN’s licenses.
- With pegmatites now confirmed in Minas Gerais, the development of the 12,315 hectares of property looks like it has an interesting year ahead with the continued exploration of the property.
Overall, with the company continuing to develop their battery metal assets and with the nearby developments at Minas Gerais, once drilling commences, there will be a lot of catalysts to keep an eye out for moving into the future. And just looking at the $7.7M valuation means that there's a lot of upside when comparing the company to peers in the space, let alone the potential in the future.