Can you provide an update on your views re: ETL?
Looking at the chart, it's had some crazy runs in it's history, so if you could look back and shine some light on this for me, would be great.
Are they in production?
What is the current outlook for Lithium prices?
Speculate a bit on demand for Lithium based on current macro outlook and EV production? Any other uses for Lithium that could drive demand.
Many thanks for your insights.
In addition to EVs, lithium is used in cell phones, grid storage, and electronics. But it is estimated that 87% of production goes into EVs. ETL has no reported revenue and is not in production. It has a production demonstration facility that is expected to be brought on stream later this year and into 2026 (this will not be a huge revenue generator). It has enough cash for 12 months but is going to need more capital. The lithium sector has run hot and cold, with several big moves and declines over the past 10 years, as EV came into and out of fashion. ETL shares are up more than 500% in the past 10 years, but down 43% in the past 15 years. It has made numerous financings and announcements over the years, but as noted with no revenue its movements have been largely sector-based. In terms of the sector, Despite efforts to scale production, the lithium industry faces a looming supply gap. Analysts warn that demand could outstrip supply by 2029, when the world may need more lithium in that single year than was mined globally from 2015 to 2022. By 2034, lithium demand is projected to be 6.5 times greater than in 2023. But....new battery technology is being developed which could impact this expected demand.