EFE 2021 General Discussion, page-568

@justifedluck I have to disagree with your ascertion the Lithium is similar to Iron Ore.

Iron Ore depends on Global steel consumption and mainly on an uptick in Building activity for infrastructure and housing etc.

However Lithium demand is being driven by a fundamental shift in the production of EV electric vehicles which are now being sought after in most countries around the world.
By 2035 nearly every car being built will be an Electric Vehicle. Many countries like the UK have already mandated that only EV's can be sold from 2035. Most vehicle manufacturers are scrambling to invest heavily into the production of EV's in Europe, China and the USA.

This isn't a fad or a cycle, it's the future of modern motoring, undergoing the biggest revolution since Henry Ford created the T-Model ford for mass production.

Check out how many Lithium battery giga-factories existed around the world in 2017 and have a look how many have been built in just the last 18 months alone! Companies like Telsa are scrambling to secure enough supply of Lithium to keep up with the massive future demand increase each year. This is not a passing phase or cycle.

The Iron Ore price recently spectactularly collapsed because China tapped the brakes on it's steel production to reduce Greenhouse Gas emissions and because of the Evergrande crisis saw their housing market getting overheated. But nobody is putting the brakes on the Lithium market because EV sales are rising rapidly Globally and more and more Vehicle manufacturers are shifting rapidly to EV production, with more Gigafactories being built to keep up with that global demand.



EFE is very fortunate to have a very focused Chinese Lithium Company wanting to partner with them and further invest over $1 Million upfront. They have a very solid track record with other Australian Lithium miners such as Orocobre and also CXO.