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Guy Bourassa of Nemaska on the very, very big shortage of Lithium

Guy Bourassa of Nemaska on the very, very big shortage of Lithium

THE BUZ ON LITHIUM

  • Buz Investors very big shortage of Lithium The real driver for the intense global demand and price increase on lithium In a special InvestorIntel interview
  • Publisher Tracy Weslosky speaks with Guy Bourassa, President, CEO and Director for Nemaska Lithium Inc. (TSXV:NMX | OTCQX:NMKEF) on the overall global lithium market and how the real source for the increasing demand for lithium is energy storage.
  • While commenting on the distinct benefits of the electric vehicle market interest, Guy addresses the global supply shortage and how this may translate to the marketplace.

very big shortage of Lithium

Buz Investors very big shortage of Lithium The real driver for the intense global demand and price increase on lithium In a special InvestorIntel interview Publisher Tracy Weslosky speaks with Guy Bourassa, President, CEO and Director for Nemaska Lithium Inc.

very big shortage of Lithium Tracy Weslosky: I’m delighted to have this opportunity to talk to you about the overall lithium market. Jack Lifton is telling me that we have a bull lithium market. In fact all my editors are, John Petersen, Christopher Ecclestone, they’re all saying we’ve got another 5 years of intense demand and rising prices for lithium. Do you agree with this?

Guy Bourassa: Absolutely, I do agree with this. As a matter of fact, I’m sure that they also noted that the only commodity in the mining sector in the past 4-5 years that I’ve been seeing an increase in demand and an increase in sales price is lithium and the different lithium compounds. What I hear from the Chinese market and the producers around the world and the market analysts is that effectively there’s a very, very big shortage actually that is reflected by the spot price that we see in China that we’ve seen for the past 3-4 months. Some people are talking about even $15,000.00 U.S. for lithium carbonate on the spot price. Of course, the spot price does not represent the real contracts, long-term contracts, but it definitely shows that somebody is looking desperately for lithium carbonate at this time and that there is none.

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very big shortage of Lithium 

Tracy Weslosky: Obviously that is a lot of exciting news for us at InvestorIntel and our audience. Of course, Jack Lifton is telling me the real driver for the battery market is actually China. Of course, Nemaska Lithium has made a one of a kind deal with Johnson Matthey. And as an expert in understanding the demand for batteries, can you talk to us a little about what that demand really is or help enlighten us a little bit more on what the status is at this time?

Guy Bourassa: I don’t quite agree with Jack about the fact that the market is in China. Production increases in China, but their batteries and cathode material is going outside in other markets so they’re producing these batteries, but the end-users are not, absolutely not presently in China. That’s maybe going to be growing there, but it’s already growing in Europe. It’s already growing in the United States, the electric vehicle. What’s even more interesting, because people don’t believe of the rapid growth and the adoption of the electric vehicles, they have to take into consideration that on a tonnage-wise energy storage is much more important than the electric vehicle adoption. You’re going to see at least two times the number of tons of lithium compounds required for the energy storage sector. It’s less sexy I suppose than the electric vehicles

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Bourassa on the lithium price almost tripling – and Nemaska’s advanced plan to meet demand

Bourassa on the lithium price almost tripling – and Nemaska’s advanced plan to meet demand

The BUZ on LITHIUM

  • Buz Investors lithium price almost tripling   Nemaska Lithium Inc. (TSXV: NMX | OTCQX: NMKEF) intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market
  • a market largely driven by electric vehicles, cell phones, tablets and other consumer products.
  • The spodumene concentrate produced at Nemaska Lithium‘s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec.

lithium price almost tripling

 Buz Investors lithium price almost tripling Nemaska Lithium Inc. (TSXV: NMX | OTCQX: NMKEF) intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market a market largely driven by electric vehicles, cell phones, tablets and other consumer products.

lithium price almost tripling  InvestorIntel Publisher Tracy Weslosky talks to Guy Bourassa, CEO and President of Nemaska Lithium, Inc. Guy Bourassa has so far secured more than $50 million in financing for the project.

In this interview Bourassa outlines:
◾How lithium consumers underestimated demand, and hence why the price has almost tripled;
◾The competitive advantage of locating in Quebec, not the least being the hydro power available (with Hydro-Quebec having two transformation plants within 20km of the planned mine);
◾How Canada’s drive for green energy brought Federal money for a plant to demonstrate Nemaska’s process to potential clients, and
◾How Nemaska became the first lithium junior to do a $12 million deal with one of the world’s leading specialty chemical companies.

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lithium price almost tripling

Tracy Weslosky: Guy I’m going to start by congratulating you. You won so many awards recently, fastest moving stock on the OTCQX. You were the number two mining company on the TSX Venture. We had that your stock was up 166% on the OTCQX and I read somewhere that your market capitalization was up over 200% last year. Can you tell us why in these depressed market times last year you fared better and defied gravity?

Guy Bourassa: Well, we were able to achieve this because we were reaching important milestones in the development of the company, mainly getting fully permitted for the Whabouchi Mine, getting Johnson Matthey to sign a MOU with us for a $12 million dollar purchase agreement of material to be produced in the future, support from the Quebec government and obviously we’re involved in lithium so we are one of the very few around the world that are fully permitted presently to start building and producing and entering this train of supply in the next couple of years. When people start realizing − when you compare with less advanced exploration projects − what we have in our portfolio: 100% ownership of the second largest and richest deposit of spodumene in the world, second only to Talison. And I insist on reserves; people brag about resource, potential resource − I’m talking about reserve that’s economically proven, second richest, second largest. We’ve developed our own process of making lithium hydroxide, lithium carbonate high purity at the lowest possible cost and the greenest way of making it. So, the more we talk about it the more, I would say, informed investors do look at the story.

Tracy Weslosky: I have so many questions to ask you. Let me just jump in here. I think I read in one of your answers as well the lithium salts required for lithium batteries is one of the reasons why lithium has taken off in the last little while. Is that what you think is the primary catalyst for the demand for lithium, lithium prices?

Guy Bourassa: Yes, of course. There’s an interesting normal growth for all industrial, known traditional applications for the different compounds, but in the past 5-6 years we’ve seen a very big increase in demand from batteries, all type of batteries, rechargeable batteries obviously for EV, hybrids, larger energy storage, obviously comes from a device. That, I think, was not really properly assessed by the actual suppliers and producers so there is currently a shortage of supply. There is not enough lithium − battery grade quality − that is available out there for the fast growing demand. Obviously this reflects on the price, spot price. The spot price has almost tripled in the past 6 months for lithium carbonate in China so obviously it reflects everywhere so very good place to be presently in the lithium space…to access the complete interview, click here

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