LIT Chart, page-112

Hi @SL555 and welcome to the LIT forum,

As far as I know NMT does not do any battery recycling in Australia.
LIT owns 90% of Envirostream Australia, which is the first on-shore mixed battery recycling company in Australia. It was created in 2017 to develop safe and innovative management solutions for one of the biggest emerging challenges for the Australian waste industry.

For a full rundown of what Lithium Australia is doing, the quarterly activities report covers all the bases:
https://hotcopper.com.au/threads/ann-quarterly-activities-report-and-quarterly-cash-flow-report.5875577/


In my opinion LIT has many positives going forward especially those below:

• They are a first mover in battery recycling in Australia with Envirostream, which should grow at a fast rate, especially with the establishment of the BSS (battery recycling) which is expected from July 2021.
• They are also ramping up sales and installation of Battery Storage Systems (50% owned Soluna Australia) which is another fast growing industry.
• They are working successfully with government agencies on battery material research and development. Any development in capitalizing on or commercializing the new technology could lead to increased stock valuation.
• The company is in a good cash position which allows it to look into further opportunities in the Lithium and battery material space, any news in this regard could lead to great interest in the company.
• The lithium carbonate price is continuing on an upward trajectory. Lithium price has increased by over 40% since the beginning of 2021, according to trading on CFD's. It is now trading around 65,000, but still has a huge upside to reach the previous highs of 2017 when the price was over 170,000. As the lithium price increases, LIT share price generally follows the trend, with the company name Lithium Australia being a magnet for investors.