The Sprott Lithium Miners ETF ( LITP ) is a passively managed exchange-traded fund designed to provide investors with exposure to the global lithium industry. With the battery market widely divided between a challenged EV market environment in the US while dominatedMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decad ...

Company Overview - Lake Resources N.L. is a responsible lithium developer utilizing state-of-the-art ion exchange extraction technology for sustainable, high purity lithium production from its flagship Kachi Project in Catamarca Province, Argentina [3]. - The ion exchange extraction technology addresses the rising demand for high purity battery materials and offers a more sustainable, responsibly sourced solution with a low carbon footprint and significant ESG benefits [4]. Upcoming Event - David Dickson, Managing Director and CEO of Lake, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on 10 February 2026, discussing the status of the Company and the Kachi Project [1]. - The Company will also be available for One-on-One investor meetings during the conference [2]. Event Platform - Virtual Investor Conferences (VIC) is a leading proprietary investor conference series that provides an interactive forum for publicly traded companies to present directly to investors [5]. - VIC offers enhanced capabilities for companies to connect with investors, schedule targeted one-on-one meetings, and enhance presentations with dynamic video content [6].

China lithium Global Markets Research EQUITY: ALTERNATIVE ENERGY 2026F outlook Supply-demand likely to be in tight balance in 2026F; limited impact on ESS demand yet Incremental ESS demand driving global lithium demand growth We expect global lithium demand to record a CAGR of 21% over 2026-27F, mainly fueled by a 35% ESS-related demand CAGR. We see incremental ESS battery demand leading to: (1) improved IRRs for independent projects in China given supportive policies; and (2) higher ESS demand in the US as ...

January 29, 2026 05:14 PM GMT Tianqi Lithium Industries Inc. | Asia Pacific Lower-than-expected preliminary full-year 2025 results Reaction to earnings Unchanged Modest shortfall Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Tianqi reported full-year 2025 preliminary net profit of Rmb369-553mn, vs. a Rmb7.9bn loss in full-year 2024, below consensus of Rmb777mn. Implied 4Q25 net profit is Rmb189 ...

1.价格结论： 持续看涨，现在需要关心的是价格从9万涨到接近19万位置。北方地区储能项目的IRR从9%下降至了6%，如果 再涨价导致储能IRR进一步下降，可能不会影响价格。 2.平衡表更新： 原本认为2025年供给过剩3-5万吨，调整后2025年全年进入紧平衡状态。2026-2030年平衡表调整 为-1.5、-0.6、-8.9、-18.9、-44万吨。 3.供应 ： 1）大体数据： 2026年资源端量为205-206万吨，较2025年增加41.3万吨；锂盐端从154万吨增至191万吨，增加37-38万 吨。主要增长来源：澳洲格林布什新项目一期项目的投产、盐湖股份4万吨项目及其他盐湖项目爬坡；澳洲复产项目对2026 年冲击小，主要在2027年显现。2027年供应增量：资源端增量约44万吨，主要来自澳洲复产项目、Mariana项目投产等。 2)储能需求 #2025年实际出货 ：620-640G Wh，同比增长80%+。 #2026年预期 ：原预测880GWh（ 保守），当前认为900-950GWh大概率达成，激进可至1000GWh；国内备案储能项目达 1200-1300GWh（未来几年）。储能的装机和生产有时间错 ...

Core Viewpoint - Stardust Power Inc. has appointed Mr. Bruce Czachor as General Counsel to enhance its legal and governance framework as the company progresses towards constructing a lithium refinery in Muskogee, Oklahoma [2][7]. Company Overview - Stardust Power Inc. is focused on developing battery-grade lithium carbonate to strengthen America's energy security by establishing resilient supply chains [8]. - The company is developing a lithium processing facility in Muskogee, Oklahoma, with an expected production capacity of up to 50,000 metric tons per annum of battery-grade lithium carbonate [8]. Leadership Appointment - Mr. Bruce Czachor brings over 30 years of experience in legal, corporate governance, and executive leadership within publicly listed energy and mining companies [3]. - His previous role was as Executive Vice President and Chief Legal Officer at Piedmont Lithium Inc., where he advised on corporate strategy, governance, and M&A, and led a successful cross-border public merger [3][4]. - Czachor's extensive experience in the lithium sector and his established global network are expected to strengthen Stardust Power's leadership team [4]. Educational Background - Mr. Czachor holds a J.D., magna cum laude, from New York Law School and a B.A. in Political Science from Binghamton University [6]. - He completed a Corporate Governance certification from the Wharton School in 2023 and is licensed to practice in New York, New Jersey, and California [6]. Management Commentary - CEO Roshan Pujari expressed that Czachor's expertise in corporate governance and capital markets makes him a valuable addition to the leadership team, particularly as the company advances its Muskogee refinery project [7]. - Czachor himself expressed enthusiasm about joining Stardust Power at a pivotal moment in the company's growth [7].

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Lithium - **Key Location**: Yichun, China Core Insights 1. **CATL Mine Restart Uncertainty**: The timeline for the restart of CATL's Jianxiawo mine remains uncertain, with expectations of delays until the second half of 2026 due to tailings and stricter environmental permit issues [4][2][4] 2. **Lithium Prices**: Current lithium prices are expected to remain elevated until the Jianxiawo mine restarts, with prices above Rmb120k/t inducing further supply [2][4][4] 3. **Cost of Lithium Carbonate**: The cost of lithium carbonate from integrated lepidolite mines has decreased to Rmb60k/t, with further reductions anticipated due to technological upgrades [2][4][4] 4. **Supply Expansion**: While current prices are encouraging supply expansion, the ramp-up in lithium production is slow, and significant increases in supply are not expected until 2028 [4][4][4] 5. **Recycling Potential**: Lopal can recycle 95% of lithium content from batteries, but current recycling supply is low and expected to ramp up significantly in 2028 [4][4][4] Additional Important Information 1. **Refinery Operations**: Lopal and CATL's joint venture currently processes only 2kt/month due to the suspension of CATL's mine, which typically provides about 40% of their feedstock [4][4][4] 2. **Technological Advancements**: The adoption of rotary kiln technology has contributed to the reduction in lepidolite processing costs, with expectations of further cost reductions [4][4][4] 3. **Long-term Supply Options**: Lopal is exploring sourcing spodumene from Africa and Australia and building refineries in the Middle East as long-term supply options [4][4][4] Market Sentiment - **Short-term Trading Opportunity**: There is a perceived short-term trading opportunity in lithium equities as stock prices are expected to catch up with lithium carbonate prices [2][2][4] - **Investor Sentiment**: Investors are delaying expectations for the restart of CATL's mine, reflecting a cautious outlook on medium-term lithium prices [2][2][4]

Core Insights - Lithium Americas Corp. (NYSE:LAC) is recognized as one of the top lithium and battery stocks to invest in currently [1] - Scotiabank has reaffirmed its Sector Perform rating for LAC and increased the price target from $5 to $7, indicating a positive outlook despite a shortfall in EV demand projections [2] - The company has received significant support from the U.S. Administration and General Motors for large-scale lithium manufacturing, with the first DOE loan drawdown completed [3] Company Developments - LAC has capitalized $145.9 million in construction costs during the last quarter, bringing total capitalized costs to $720.0 million [3] - The engineering design of the project is over 80% complete, with the mechanical completion of the Phase 1 processing plant expected by late 2027 [3] - Key milestones include the installation of steel columns, completion of plant roads, and fabrication of pipe-rack sections, which are critical for project advancement [3] Market Position - While LAC shows potential as an investment, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]

Industry Overview - Energy storage technologies are expected to significantly increase lithium demand, surpassing electric vehicle demand by 2026 as utility-scale batteries become a major consumer [2] - Lithium prices have recovered 50% from June lows but remain less than one-sixth of late-2022 levels [2] - UBS projects a 55% increase in lithium demand from storage in 2026, compared to a 19% rise from electric vehicles [3] Company Insights - **Standard Lithium Ltd. (NYSE:SLI)**: - Number of hedge fund holders: 8 - Analysts' upside potential as of January 21: 2.90% - The company is involved in a joint venture for the Smackover Lithium project, with over $1 billion in financing secured [9][10] - Anticipates finalizing project funding and commencing construction in 2026 [11] - **Sigma Lithium Corporation (NASDAQ:SGML)**: - Number of hedge fund holders: 15 - Analysts' upside potential as of January 21: 24.22% - Recent operational updates have been deemed insignificant by analysts, with a potential equity raising on the horizon [13] - Net revenue increased by 69% quarter over quarter and 36% year over year, attributed to commercial partnerships [14]

Group 1 - The metal lithium sector is experiencing a significant rally, with Shengxin Lithium Energy hitting the daily limit increase [1] - Other companies such as Yongxing Materials, Rongjie Co., Tianqi Lithium, Ganfeng Lithium, and Tibet Mining are also seeing gains [1] - Previously, the main contract for lithium carbonate on the Shanghai Futures Exchange surged by 6% [1]