Abermale (world's biggest Li producer) yesterday stated it...

Abermale (world's biggest Li producer) yesterday stated it "expects Li demand to increase further in coming months due to the push to electrify much of the world's economy".
This should eventually boost GL1, & all Li explorer stocks , even though they may be several years from production The "electrification push" will only continue, & greatly increase.

Will Abermale's comments "soothe" the Li looming oversupply naysayers eg Goldman Sachs?

a.u.s.b.i.z.com (from their daily Market Summary Highlights' Feed) 3.8.23 said

"The world’s largest lithiumminer, Albemarle, released second quarter results after the close of the USmarkets, with what appears to be a nice earnings beat and an upgrade to FY23guidance.

Apart from net sales risingsignificantly, FY23 guidance was lifted with forecast earnings on ayear-on-year adjusted basis expected to grow 10-25%, primarily due to higherenergy storage prices...

Furthermore, the company saidit 'expects lithium demand to increase further in coming months due to the pushto electrify much of the world's economy.'

Looking at the broker targetsand ratings, the majority are very upbeat on the stock, with 15 strong buys, 15buys, 5 holds and 2 underperforms."...

The average target price isUS$266 with the highest at US$360 and the lowest at US$214 according to CNBC.The stock is trading up almost 6% in the aftermarket to US$214.80.

The results wouldinfer all the talk of EV oversupply is currently not justified. The size of theelectrification transition remains in the trillions (all my emphases) of dollars. Those companiesthat can monetise the battery boom will be winners".