re: Diving deeper on Standard Lithium?

Haha me too. I have no intentions of selling this in the next few years but I can’t help but check the price a few times a day.

I think a lot are expecting a flurry of moves to potentially send this up 100% over a relatively short time frame. I think once we get that uplist I’ll stop monitoring hourly ha.

It held up pretty well today considering the dump the rest of my portfolio took.

I'm on the email list for Lake Resources, here's some stuff from today's email:
North America responds as battery race heats up

The race to secure battery capacity is heating up globally, as the world’s major powers scramble to secure their position in the new industrial revolution.

On February 24, U.S. President Joe Biden signed an executive order aimed at securing America’s “critical” supply chains, including critical minerals and clean energy technology.

“As we take action to tackle the climate crisis, we know that will lead to large demand for new energy technologies like electric vehicle batteries,” the White House statement said.

“By identifying supply chain risks, we can meet the president’s commitment to accelerate U.S. leadership of clean energy technologies.”

It added: “For example, while the U.S. is a net exporter of electric vehicles, we are not a leader in the supply chain associated with electric battery production. The U.S. could better leverage our sizeable lithium reserves and manufacturing know-how to expand domestic battery production.”

The Biden administration plans to identify near-term steps “to address vulnerabilities in the supply chains for these critical goods,” followed by a “more in-depth one-year review of a broader set of U.S. supply chains” including the energy sector and transportation industrial base.

Earlier, the newly elected U.S. president announced plans to electrify the entire U.S. government fleet of around 645,000 vehicles, while U.S. automakers Ford and General Motors have announced billions of dollars of EV investments as they phase out internal-combustion engine (ICE) production.

Benchmark Mineral Intelligence (BMI) managing director, Simon Moores, told Canada’s House of Commons that “the lithium-ion battery is the platform technology to unlocking the vast potential that energy storage holds for our world through electric vehicles and stationary storage systems.”

He added: "This race to build global battery capacity has seen the number of megafactories or gigafactories in the pipeline go from three in 2015 to 192 today. China and Europe have led this charge but North America is just beginning its journey.

"Due to significant investments made today, by 2030 China and Europe will hold the sway of this industrial power accounting for 67% and 18% of the world’s battery capacity, respectively. North America will hold just 12%, a fraction of what it will need and a number that is at odds with its global energy and automotive position today."

In his U.S. Senate testimony last year, Moores commented that “China is building the equivalent of one battery megafactory a week, the USA one every four months.”

Moores noted in his testimony that the rise of the battery megafactories would cause demand for raw materials to increase significantly. It is estimated that some 18 times current lithium production is required by 2030, or some seven companies the size of SQM each year for a decade.

Nevertheless, the United States is gradually building up its battery capacity, forming new supply hubs in different states.

According to BMI, three new EV-to-battery hubs have emerged in America, comprising Tesla’s Texas Gigafactory (“Tesla West”) and planned spodumene conversion plant; “New Detroit,” with South Korea’s LG Chem establishing growing capacity to support General Motors’ EV plans; and a third hub, “EV South,” led by LG Chem’s rival SK Innovation, with two plants set for Commerce, Georgia. [Note: on February 10, the U.S. International Trade Commission (ITC) imposed a 10-year import ban on SK Innovation.]



Commenting on the ITC’s ruling, Ford CEO Jim Farley said the nation needs to secure its own battery production through “in-sourcing” to resolve potential supply and labour issues threatening automakers’ EV investments. Ford alone plans to spend US$22 billion on EVs through to 2025.

“This is a huge, multi-solution opportunity,” he said. “For legacy players, we have to deal with our labour issues, so more in-sourcing is more important to us.”

Evidence that EVs are becoming mainstream in America came at the recent Super Bowl. GM’s advert featured comedian Will Ferrell lamenting the United States is lagging other countries in the electrification rate.

"Did you know that Norway sells way more electric cars per capita than the U.S.? Well I won't stand for it," he says in the satirical ad, before punching a globe.

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On February 24, U.S. President Joe Biden signed an executive order aimed at securing America’s “critical” supply chains, including critical minerals and clean energy technology. “As we take action to tackle the climate crisis, we know that will lead to large demand for new energy technologies like electric vehicle batteries,” the White House statement said.

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That’s why they they went with gas power for the postal fleet?
What a lying POS

quote:

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Who knows what really happened under the table though

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Politics ! No doubt in my mind .
And we will never know who bought 500,000,000 worth of osh kosh the day before the award was given.

Somebody spearhead an order of some MT $STLHF shirts similar to what Barstool sells for $PENN.

LINK

Lithium definitely has supply issues. I was listening to a commodities guy talk about it yesterday. Lithium bulls really need to focus on supply and not demand right now. The equities can get way overextended versus the commodity's spot price.

It happens here with low volume. Somebody probably had a margin call with other holdings and had to liquidate their shares here to get funds to cover.

Volume is incredibly low.

deleted.

I don't know.