North America's Lithium Hot Spot Hits Record Results
LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).
- Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
- EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
- That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
- Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.