Neo Lithium Corp NTTHF

Waiting for the JV

[Eric35]

https://www.google.ca/amp/s/www.argusmedia.com/en/news/2130939-lithium-output-cuts-raise-prospect-of-supply-deficit%3famp=1

Livent is being approached by automotive manufacturers to increase lithium production capacity to meet demand over the next five years, to locate capacity closer to their consumer markets, and diversify production away from China, Graves said. The bulk of lithium hydroxide refining capacity is in China, with small volumes in the US, Chile and Russia. But with automotive producers building out global supply chains for EVs, they are looking to secure supply from locations close to their manufacturing facilities.

"It is increasingly clear that the current lithium industry pricing environment, the significant capital needs relative to available capital, and the way lithium supply chains have developed so far, will not be sufficient for what the automotive industry as a whole will need if its plans for EVs are to be realised," Graves said.

[LithiumNPV]

LCE price is only $5000 to $6000. Scary. Not a viable business at these prices.

[JMark80]

With Livent? Maybe?

[Eric35]

The CEO from Livent already  said in the past that he wants to diversify his investments outside from Argentina. NLC for 3 to 4 months was in discussion for JV funding with several companies from different fields. I would say more that it is Asian battery producer like LG Chem which has a lot of money. A large order book.Need to increase is capacity of production.

[JMark80]

Ah, makes sense. 

[Eric35]

Or CATL, previous announcement on investing $2.73bn 2secure key resources & accelerate global expansion. It did not disclose details of the investments. https://uk.mobile.reuters.com/article/amp/idUKKCN2580Q6?__twitter_impression=true