Sure someone posted this but couldn't stand her downramping fud, so why is Mr Beast female, seems odd to call yourself Mr?The lithium sector has been the standout of all sectors in 2021, led by lithium prices surging higher from aboutUS$7,000/t to aroundUS$30,000/t in 2021.
Ordinarily, you could expect prices to fall back to earth, but in this case, lithium demand is so strong that prices are unlikely to fall back anytime soon.
Bloomberg recently stated: 'EVs have lithium booming - and this time, there is no bust in sight. Demand is expected to outstrip metal production for at least the next five years with few new mining projects on the horizon.'
Benchmark Mineral Intelligence recently stated: 'Right now lithium demand is growing at three times the speed of lithium supply.'
Furthermore, aNovember 2020UBSforecast is for 'lithium demand to lift 11-fold from 400kt in 2021 through to 2030.'
Given the above information, it makes very good sense to invest in the potential next tier of lithium miners. Added to this is the trend towards increasing market share of lithium iron phosphate ('LFP') batteries, which will lead to greater demand for lithium carbonate, best sourced from lithium brine. Right nowArgentinaoffers the best exposure to emerging lithium brine miners.
Top 5 lithium junior miners (in alphabetical order)
Argosy Minerals Limited(ASX: AGY)
Argosy Minerals Limited
Argosy Minerals(Argosy) owns a 77.5% interest (with a right to move to 90%) in their flagshipRincon Lithium Projecton the Salar del Rincon inArgentina. Argosy also owns theTonopah Lithium ProjectinNevada, USA.
Argosy's Resource is still quite small but should potentially be easily expanded when needed. Lithium grade is a bit below average at 324-369mg/L and the Mg:Li ratio is a bit high. All this means is slightly higher operating costs which is not an issue these days with surging lithium demand and very good lithium prices. Argosy is fully-funded and 45% construction completed towards their plan to expand to 2,000tpa lithium carbonate production with first product by mid-2022. Thereafter the plan is to expand by 10,000tpa lithium carbonate production to have 12,000tpa production.
The big deal about Argosy is that they are already producing at pilot plant stage with large evaporation ponds already built. This makes them one of the most advanced lithium juniors globally.
