IRIS Metals

Some fascinating forecasts in this research from Citi on the #lithium market. "Recent closures and some re-stocking have seen the Chinese lithium market balance up in recent weeks, with the #CATL curtailment likely to see the market running a small deficit over the next 2-3 months. We are likely to see investors cover their short positions and prices rally to $13-14k/t on COMEX, up from around $11k/t at present (+20-25%)."

Positive news on the demand side for #lithium, with Chinese retail sales of plug-in hybrid #electricvehicles (PHEVs) continuing to grow strongly and sales of battery electric vehicles (BEVs) recovering. https://lnkd.in/gHF3U_qB

Significant news out of China this week with reports that major Chinese #electricvehicle battery maker CATL has suspended mining production. With the #lithium price slipping below the marginal cost and big names shutting material amounts of production, we now expect to see rebalancing in the market, and note the bounce in share prices of the larger ASX-listed lithium players. The UBS research note attached sees this development driving 11-23% upside in the lithium price in the rest of 2024.

The #lithiumion #battery cell market will reach over US$400 billion by 2035, according to the latest report from emerging tech research analyst IDTechEx. Prior to the announcement of the US Inflation Reduction Act intended to stimulate local battery production, IDTechEx estimated that approximately 600 GWh of battery cell capacity would be located in North America by 2030. This figure grows to 850 GWh in IDTechEx’s latest analysis. The forecasts offer a glimpse into the continued innovation going into #lithium battery systems and the growth anticipated for IRIS Metals' target markets.

IRIS Metals (ASX: IR1) is pleased to provide the below investor deck which was presented today at the company's AGM. As part of his Chairman's Address, Peter A Marks said: "Our priority drilling targets are placed centrally to key North American battery initiatives. This places us in a very strong position to grow and supply #lithium to the local market as the industry continues to mature. This is a significant advantage given the murmurings of increased tariffs being placed on imports, which would include lithium from external jurisdictions. "This strong strategic position has piqued the interest of corporate players within the battery supply chain, and we expect to come onto more radars as we execute our growth strategy. I’m sure there will be more to say on this front in the coming months." Please see the full investor presentation below, and the Chairman's Address is available to read here: https://lnkd.in/g-v5HtM8

Today we announced initial findings from the first large scale field program across IRIS Metals' (ASX: IR1) substantial mineral tenure within the Black Hills of South Dakota, USA. Our work has yielded nine exciting new exploration targets showing strong #lithium potential. Please see the full ASX announcement below. #batterymetals #mining #resources

There's great news in today's announcement from Samsung SDI and General Motors to build a new US$3.5bn #electricvehicle battery factory in Indiana. Adding battery building capacity in the U.S. is great news for the local #EV supply chain. IRIS Metals' #lithium development projects being located in South Dakota places us centrally to key North American battery initiatives and positions us well to grow as the industry continues to mature. https://lnkd.in/dB93u7B6

We're delighted to have our latest drilling results highlighted by Opaxe this week among the best of the ASX. IRIS Metals (ASX: IR1) President of U.S. Operations, Matt Hartmann, had this to say about the results: “IRIS Metals’ latest assay results from drill hole BDD-24-031 demonstrate the potential of the Beecher Project to deliver meaningful scale as the company advances on a path to #lithium production. Located in the United States, near significant existing infrastructure in a #mining friendly jurisdiction, and with permits already obtained for mining operations, the differentiation of the Beecher Project is obvious.”

Meet our new Director, Kevin Smith. Based in New York, Kevin joins IRIS Metals (ASX: IR1) with intimate knowledge of the energy and critical minerals supply chains. He has helped to build and lead several businesses in these industries over his 20+ year career as a strategic corporate advisor with expertise in #commodities trading, marketing and finance. Kevin was most recently a Managing Director at Traxys Group, a global leader in #metals trading and logistics. We're very pleased to welcome Kevin to the IRIS Metals team. His skills and experience are a great fit for our business as we strive to grow Iris into a significant US #lithium company.

The time to invest in #lithium is could well be now! Remembering that demand hasn’t gone anywhere. Discover why the prevailing fears in the lithium market are unfounded, based on three myths, and how uncovering the truth could be your shortcut to making smart investment decisions. Read full article ⤵ #LithiumInvesting #IRISMetals #InvestmentOpportunity #miningstocks #FinancialGrowth