Folks, it looks like the Mt Marion purchase is close to being done and dusted. There are now a number of experts and companies now forecasting that lithium prices will rise in the second half of 2019. From that, l would say CE has got the timing right again!!
Macro level Lithium demand (GXY, Presentation 28/2/2019)
China targeting 1.6 million NEVs in 2019 continuing strong growth trajectory
Rest of the world will begin to see the launch of mainstream EV models from global OEMs
Mass energy storage systems emerging as an important new growth sector
Demand growth and supply challenges have the potential to lead a price recovery in H2 2019
Date: 27/2/2019
Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) refers to its announcement made on 1 February 2019 regarding progress towards completion of the divestment of its 13.8% equity interest in the Mt Marion Lithium Project (“Mt Marion”) for A$103.8 million cash. Neometals is pleased to advise that Ganfeng Lithium Co., Ltd has informed the parties that the Chinese regulatory authorities condition has been satisfied. The parties are now dealing with all matters to progress to financial completion of the divestment of Neometals’ shareholding, including formalising Neometals’ offtake option agreement and any appropriate adjustments to other ongoing Mt Marion contractual arrangements arising in connection with the divestment.
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