This is Why Lithium Stocks Dropped Earlier this Week November 16, 2022 - Baystreet.ca Goldman Sachs just said the gap between supply and demand is quickly narrowing, and could balance out by 2023. They also believe lithium production could be well above demand by at least 400,000 tons. That’s why lithium stocks were down on Tuesday. However, Goldman Sachs may be wrong again when it comes to lithium. Earlier this year, Goldman Sachs said lithium prices could fall about 10% this year, and as much as 73% next year. However, as noted by Bloomberg at that time, “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Then, just yesterday, Goldman Sachs turned bearish on lithium again, and it may be just as wrong. With significant demand and little supply, prices won’t come down soon. In fact, prices are only set to soar with supply-demand issues. Automakers are scrambling for supply. And firms, such as Trafigura say lithium “demand will hit 800,000 tons of lithium carbonate equivalent this year — overshooting supply by 140,000 tons — and sees demand rising by a further 200,000 to 250,000 tons annually through 2025.” Once investors realize Goldman Sachs is wrong on its lithium assessment again, lithium stocks, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTC: LIACF), and Piedmont Lithium (NASDAQ: PLL) should push higher. Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example Infinity Stone Ventures Corp. just announced that it has discovered economically-encouraging rubidium, beryllium, and lithium mineralization in Fall 2022 surface and channel sampling of its Buda Lithium Project. A total of 32 grab samples and 23 channel samples were collected from the property and sent for multi-element analysis. Initial grab and channel samples of weathered pegmatite outcrop exposures on the Buda Project returned elevated Rb, Be, Li, Cs and Ta values. Out of the 32 grab samples, one sample returned a lithium value of 367 ppm Li. 7 samples returned rubidium values exceeding 1,000 ppm Rb, with a high of 2,090 ppm Rb in sample E6096115, and an average of 720 ppm Rb across all 32 grab samples. Sample E6096111 returned a highly anomalous beryllium value of 4,200 ppm Be along with 1,320 ppm Rb. The most notable channel results were 1,408 ppm Rb over 4 metres in channel BD-02-02 and 1,283ppm Rb over 4 metres in BD-03-01. The Buda Pegmatite is classified as a rare metal LCT pegmatite, which are characteristically enriched in lithium, cesium, tantalum, beryllium, rubidium, niobium, and tin. At least six other pegmatite dikes are present on the property. Present sampling follows local strike orientation of the pegmatite dike swarm, as indicated by structural rock fabric measurements. The Company has received exploration permits from the Ontario Ministry of Mines and intends to commence a diamond drill program immediately to test pegmatite layers perpendicular to outcrop zones. The Company anticipates having pre-drill surveying of roads, trails and pads completed by November 30, 2022, with mobilisation of drill equipment following immediately thereafter. “We are very happy with the initial results from the Buda Project returning all the pathfinder indications of a mineralized LCT pegmatite. With our drilling team already mobilised in the region at the Rockstone Graphite Project, we are looking to commence our Winter Drill Program immediately, providing further catalyst for short-term growth” said Zayn Kalyan, CEO of Infinity Stone. “The proximity of the Rockstone Graphite and Buda Lithium Projects to infrastructure in Thunder Bay, as well as to each other, presents a strategic opportunity for the development of a diversified battery metal producer in a region that is becoming integral to the North American EV and battery metal supply chain” furthered Mr. Kalyan. Other related developments from around the markets include: Albemarle Corporation announced that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable January 3, 2023, to shareholders of record at the close of business as of December 16, 2022. Lithium Americas announced it has entered a Community Benefits Agreement with the Fort McDermitt Paiute and Shoshone Tribe. The Tribe is located approximately 40 miles from the Thacker Pass project, in Humboldt County, Nevada. The CBA establishes a framework for continued collaboration and defines the long-term benefits for the Tribe, the largest Native American community within the vicinity of the Project. "We are pleased to have the support of the Fort McDermitt Paiute and Shoshone Tribe as we advance Thacker Pass towards construction and look forward to generations of future collaboration,” said Jonathan Evans, President and CEO. “The signing of the CBA is a testament to our Company’s commitment to go beyond our regulatory requirements and to form constructive relationships with the communities closest to our projects. We are focused on being a good neighbor, hiring locally and providing the job training to prepare Tribe members for long-term, family-supporting careers critical to developing a North American battery supply chain.” American Lithium Corp. commenced an Environmental Impact Assessment hydrology drilling program (designed by SRK Peru and EDASI SAC) at its wholly owned Falchani lithium project in Southern Peru. The Company also announces it has engaged DRA Global and Stantec Inc. to jointly produce an updated Preliminary Economic Assessment for Falchani. The updated PEA will focus on incorporating Sulphate of Potash and Cesium by-products, the material increases in lithium carbonate pricing and the results of the current drilling. Piedmont Lithium, a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, announced that Atlantic Lithium has completed infill and exploration drilling for their flagship Ewoyaa project in Ghana. The assay results confirm high-grade mineralization, providing further confidence in resource conversion and possible mine life extension. Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium. Piedmont President and Chief Executive Officer Keith Phillips commented, “The drill results at Ewoyaa continue to be very impressive with high lithium grades over broad widths and near surface. We are working closely with our partners at Atlantic Lithium to publish a definitive feasibility study for the Ewoyaa project in the first half of 2023, and these final drill results are expected to lead to an extended mine life and even stronger economics for this world-class project. When fully operational, the Ewoyaa project will be a primary supplier of spodumene concentrate for lithium hydroxide conversion in Tennessee, and it is promising to see both projects progressing so favorably.” Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Infinity Stone Ventures Corp. by Infinity Stone Ventures Corp. We own ZERO shares of Infinity Stone Ventures Corp. Please click here for full disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]
This is Why Lithium Stocks Dropped Earlier this Week November 16, 2022 - Baystreet.ca Goldman Sachs just said the gap between supply and demand is quickly narrowing, and could balance out by 2023. They also believe lithium production could be well above demand by at least 400,000 tons. That’s why lithium stocks were down on Tuesday. However, Goldman Sachs may be wrong again when it comes to lithium. Earlier this year, Goldman Sachs said lithium prices could fall about 10% this year, and as much as 73% next year. However, as noted by Bloomberg at that time, “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Then, just yesterday, Goldman Sachs turned bearish on lithium again, and it may be just as wrong. With significant demand and little supply, prices won’t come down soon. In fact, prices are only set to soar with supply-demand issues. Automakers are scrambling for supply. And firms, such as Trafigura say lithium “demand will hit 800,000 tons of lithium carbonate equivalent this year — overshooting supply by 140,000 tons — and sees demand rising by a further 200,000 to 250,000 tons annually through 2025.” Once investors realize Goldman Sachs is wrong on its lithium assessment again, lithium stocks, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTC: LIACF), and Piedmont Lithium (NASDAQ: PLL) should push higher. Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example Infinity Stone Ventures Corp. just announced that it has discovered economically-encouraging rubidium, beryllium, and lithium mineralization in Fall 2022 surface and channel sampling of its Buda Lithium Project. A total of 32 grab samples and 23 channel samples were collected from the property and sent for multi-element analysis. Initial grab and channel samples of weathered pegmatite outcrop exposures on the Buda Project returned elevated Rb, Be, Li, Cs and Ta values. Out of the 32 grab samples, one sample returned a lithium value of 367 ppm Li. 7 samples returned rubidium values exceeding 1,000 ppm Rb, with a high of 2,090 ppm Rb in sample E6096115, and an average of 720 ppm Rb across all 32 grab samples. Sample E6096111 returned a highly anomalous beryllium value of 4,200 ppm Be along with 1,320 ppm Rb. The most notable channel results were 1,408 ppm Rb over 4 metres in channel BD-02-02 and 1,283ppm Rb over 4 metres in BD-03-01. The Buda Pegmatite is classified as a rare metal LCT pegmatite, which are characteristically enriched in lithium, cesium, tantalum, beryllium, rubidium, niobium, and tin. At least six other pegmatite dikes are present on the property. Present sampling follows local strike orientation of the pegmatite dike swarm, as indicated by structural rock fabric measurements. The Company has received exploration permits from the Ontario Ministry of Mines and intends to commence a diamond drill program immediately to test pegmatite layers perpendicular to outcrop zones. The Company anticipates having pre-drill surveying of roads, trails and pads completed by November 30, 2022, with mobilisation of drill equipment following immediately thereafter. “We are very happy with the initial results from the Buda Project returning all the pathfinder indications of a mineralized LCT pegmatite. With our drilling team already mobilised in the region at the Rockstone Graphite Project, we are looking to commence our Winter Drill Program immediately, providing further catalyst for short-term growth” said Zayn Kalyan, CEO of Infinity Stone. “The proximity of the Rockstone Graphite and Buda Lithium Projects to infrastructure in Thunder Bay, as well as to each other, presents a strategic opportunity for the development of a diversified battery metal producer in a region that is becoming integral to the North American EV and battery metal supply chain” furthered Mr. Kalyan. Other related developments from around the markets include: Albemarle Corporation announced that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable January 3, 2023, to shareholders of record at the close of business as of December 16, 2022. Lithium Americas announced it has entered a Community Benefits Agreement with the Fort McDermitt Paiute and Shoshone Tribe. The Tribe is located approximately 40 miles from the Thacker Pass project, in Humboldt County, Nevada. The CBA establishes a framework for continued collaboration and defines the long-term benefits for the Tribe, the largest Native American community within the vicinity of the Project. "We are pleased to have the support of the Fort McDermitt Paiute and Shoshone Tribe as we advance Thacker Pass towards construction and look forward to generations of future collaboration,” said Jonathan Evans, President and CEO. “The signing of the CBA is a testament to our Company’s commitment to go beyond our regulatory requirements and to form constructive relationships with the communities closest to our projects. We are focused on being a good neighbor, hiring locally and providing the job training to prepare Tribe members for long-term, family-supporting careers critical to developing a North American battery supply chain.” American Lithium Corp. commenced an Environmental Impact Assessment hydrology drilling program (designed by SRK Peru and EDASI SAC) at its wholly owned Falchani lithium project in Southern Peru. The Company also announces it has engaged DRA Global and Stantec Inc. to jointly produce an updated Preliminary Economic Assessment for Falchani. The updated PEA will focus on incorporating Sulphate of Potash and Cesium by-products, the material increases in lithium carbonate pricing and the results of the current drilling. Piedmont Lithium, a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, announced that Atlantic Lithium has completed infill and exploration drilling for their flagship Ewoyaa project in Ghana. The assay results confirm high-grade mineralization, providing further confidence in resource conversion and possible mine life extension. Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium. Piedmont President and Chief Executive Officer Keith Phillips commented, “The drill results at Ewoyaa continue to be very impressive with high lithium grades over broad widths and near surface. We are working closely with our partners at Atlantic Lithium to publish a definitive feasibility study for the Ewoyaa project in the first half of 2023, and these final drill results are expected to lead to an extended mine life and even stronger economics for this world-class project. When fully operational, the Ewoyaa project will be a primary supplier of spodumene concentrate for lithium hydroxide conversion in Tennessee, and it is promising to see both projects progressing so favorably.” Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Infinity Stone Ventures Corp. by Infinity Stone Ventures Corp. We own ZERO shares of Infinity Stone Ventures Corp. Please click here for full disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]