North America's First Lithium Brine Producer Is Now a Buy
Contributed Opinion

Here is a clip from a research report from Wood Mackenzie reposted in the Wall Street Journal: Volt Lithium Corp. (VLT:TSV;VLTLF:US)

"Battery Metals Face Ongoing Glut Amid Chinese Cell Oversupply — Market Talk 0505 GMT — Wood Mackenzie is forecasting a glut of lithium, cobalt, nickel, and graphite to continue for several years. The commodities consultancy says automakers are likely sitting on large stockpiles of battery cells for EV sales that failed to materialize. Citing the China Automotive Battery Innovation Alliance, they say only 387 GWh of the 747GWh of power batteries produced in China in 2023 were installed into products. "With storing batteries being an expensive business, automakers may have a more cautious appetite for purchasing cells in 2024," Wood Mackenzie says."

The lithium names that were market darlings a year ago, such as E3 Lithium Ltd. (ETL:TSXV;EEMMF:US) and Patriot Battery Metals Inc. (PMET:CA), are now in full "crash" mode, but you will note that Albemarle Corp. (ALB:NYSE), the biggest lithium producer in the U.S., rallied 4.88% yesterday.

I am changing my rating for Volt Lithium Corp. (VLT:TSV;VLTLF:US) back to Buy from Hold.

Buy VLT/VLTLF at CA$0.10 / US$0.074 good through month-end.

One thing is noticeable about the Wood Mackenzie piece: no mention is made of any glut regarding copper, and that is because copper is not just an electrification metal; it is used in every industry on the planet, and it is running out. Copper is where you want to be in 2024.

Important Disclosures:

1.  [Volt Lithium Corp.] has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000. 
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [Volt Lithium Corp.].
3. [Michael Ballanger]: I, or members of my immediate household or family, own securities of: [Volt Lithium Corp.].
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