(TheNewswire)
Vancouver, BC - TheNewswire- June 20 , 2023- Arbor Metals Corp. (“ Arbor ” or the “ Company ”) (TSXV:ABR ) ( FWB:432 ) is pleased toprovide stakeholders with its overview of the lithium market's keydevelopments thus far in 2023. As the demand for lithium continues tosurge and questions about supply persist, Arbor remains committed tomonitoring and analyzing market trends to bestposition itself in this evolving landscape.
Since the start of 2020, lithium carbonate prices haveincreased by over 585%. 1 Thefuture of lithium appears promising, with the demand expected toskyrocket in the upcoming years, primarily fuelled by the electricvehicle (EV) industry.
In 2023, the lithium market witnessed significantannouncements that shaped the industry. Here is an overview of themain news we have seen impacting the sector thus far this year:
Lithium Producers: Major lithium producers are expressing confidence in themarket’s long-term prospects. With lithium brine assets in the USand the Salar de Atacama in Chile, Albemarle expects strong salesvolume growth in the energy storage segment for 2023. 2 SQM forecastsincreased demand this year, while Livent reported revenue growth in Q12023 and remains on track with capacity expansions. 3
Lithium M&A Activity: Consolidation in the lithium space has accelerated in 2023.Albemarle's unsuccessful bid for Liontown Resources 4 and a jointventure's unsuccessful bid for Essential Metals 5 exemplify theheightened interest in merging or acquiring lithium projects. Themega-merger deal between Livent and Allkem, valued at US$10.6 billion,underscores the trend of consolidation driven by rising lithiumdemand. 6
EV Makers and LithiumSupply: Electric vehicle manufacturers continueto secure lithium supply agreements, which have included agreementswith already established producers. This growing focus on securinglithium supply demonstrates automakers' recognition of the importanceof securing critical resources for the EV industry's growth.
Chile's Lithium Industry: Chile, the world’s second-largest lithium producer, hasannounced plans to nationalize its lithium industry. 7 The government’sgoal is to stimulate the economy and safeguard the environment byissuing future lithium contracts via public-private partnerships withstate oversight. This move aligns with Chile's intention to encouragedirect lithium extraction techniques to accelerate production andreduce water consumption.
Arbor remains committed tonavigating the dynamic lithium market and capitalizing on the evolvinglandscape. The Company continues to assess strategic opportunities,advance its lithium projects, and contribute to the global transitiontowards cleaner and sustainable energy solutions.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developinghigh-value, geographically significant mineral projects worldwide. Arbor is paving the way foradvanced mineral exploration as it oversees world-class miningprojects. The company is confident that combining quality projectswith proven strategies and a dedicated team will yield exceptionaloutcomes. Arbor currently oversees three outstanding mineral projects.
The Jarnet lithiumproject , located in the James Bay region ofQuebec, comprises 47 map-designated claims, covering an area ofapproximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamonddrilling has confirmed significant lithium mineralization, andrepresents one of the highest-profile lithium exploration projects inthe sector.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com or visit theCompany’s website at www.arbormetalscorp.com .
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When or if used in this newsrelease, the words “anticipate,” “believe,” “estimate,”“expect,” “target, “plan,” “forecast,” “may,”“schedule,” and similar words or expressions identifyforward-looking statements or information. These forward-looking statements or information mayrelate to planned project development and other factors orinformation. Such statements represent the Company’s current viewswith respect to future events and are necessarily based upon a numberof assumptions and estimates that, while considered reasonable by theCompany, are inherently subject to significant business, economic,competitive, political and social risks, contingencies anduncertainties. Many factors, both known and unknown, could causeresults, performance, or achievements to be materially different fromthe results, performance or achievements that are or may be expressedor implied by such forward-looking statements. The Company does notintend and does not assume any obligation, to update theseforward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.
CONTACT:
Alex Zertuche
alexz@mrkt360.com
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1 https://tradingeconomics.com/commodity/lithium
2 https://www.albemarle.com/news/albemarle-reports-net-sales-increase-of-129-for-first-quarter-2023
3 https://s22.q4cdn.com/453302215/files/doc_financials/2023/q1/Press-Release-LTHM-1Q23-Earnings_vFinal.pdf
4 https://www.reuters.com/markets/commodities/lithium-miner-liontown-soars-rejecting-37-bln-bid-albemarle-2023-03-28/
5 https://www.reuters.com/markets/deals/australias-essential-metals-shareholders-reject-tianqi-igo-bid-2023-04-20/
6 https://ir.livent.com/news/news-details/2023/Allkem-and-Livent-to-Create-a-Leading-Global-Integrated-Lithium-Chemicals-Producer/default.aspx
7 https://www.reuters.com/markets/commodities/worlds-biggest-lithium-producers-2023-04-21/
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