The CEO of Lithium Africa is making a case for investing in lithium through the present bear market, saying current strikes by main gamers equivalent to Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) point out confidence out there’s longer-term potential.
“(Rio Tinto) is the second largest miner of commodities on the planet. And late final 12 months, they did the Arcadium Lithium transaction, which is the second largest transaction in company historical past, they usually’ve picked lithium,” Tyron Breytenbach stated throughout an interview with the Investing Information Community.
“Shortly after that, they adopted on with a giant, multibillion-dollar funding in Chile. Once more, the commodity they picked was lithium.”
Lithium Africa is advancing a portfolio of lithium exploration belongings in Africa, and has established a strategic partnership with Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772), a serious producer of lithium battery merchandise.
Breytenbach stated Ganfeng sees the corporate’s potential to make a discovery and develop into a low-cost supply of lithium. In return, Lithium Africa can reap the benefits of the capital and chemical experience Ganfeng presents.
“We’re planting the seeds now that buyers are going to reap when the subsequent (lithium) bull market comes again … And I feel when the market comes again, we’ll be the chief in Africa,” he stated.
Watch the total interview with Tyron Breytenbach, CEO of Lithium Africa, above.
