GUYS AGAIN YOU NEED TO CHILL.
Just because Elon says throw some salt at clay and presto you have lithium does not diminish the lithium industry. He also stated less that 1% of cars were EV and we know every other car maker is jumping in head first to EV. Look at what Europe are legislating re fuel cars and subsidies for EV’s. The squeeze is coming and Elon’s comments appear somewhat self serving re bargaining power rather than factual. He is getting caned for those comments.
Not all lithium is created equal and even more is not battery grade let alone >99.9. We don’t even know if other car makers will vertically integrate as Tesla is planning. Either way any major supply increase is still going to be gobbled up and LKE is uniquely position to benefit. Why else would they be invited to present in Germany... why else would Hazen and Novonix work with us??
Their is huge newsflow to come shortly and that will be the driver of where LKE heads or doesn’t head.
it’s time for calm, back your own research and make calls based on you own opinion.
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