Letter from Rock Tech's CEO

About this update from Rock Tech Lithium Inc.

[{"type":"text","content":"\n\n\n\nLetter from Rock Tech's CEO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 6, 2018\n\n\n\nVANCOUVER, July 6, 2018 /CNW/ - Rock Tech Lithium Inc. (the \"Company\" or \"Rock Tech\") (TSXV: RCK), (Frankfurt: RJIB), (WKN: A1XF0V):\n\n\n \n \n\n \nFrom the desk of Martin Stephan, director and Chief Executive Officer:\n\nDear Shareholders, \n\nDear Friends,\n\nI just returned from the Lithium Supply & Markets conference in Las Vegas that presented an excellent overview of the current state of the industry. Attendance at the conference was record-setting, but in a very difficult environment for explorers: in this volatile market, the Global X Lithium & Battery Tech ETF LIT is down 16% this year, after a 59% surge in 2017. The share prices of most lithium producers and explorers even plunged by more than 40%. One of the reasons was a bearish analyst report Morgan Stanley published in February - widely referenced in Las Vegas – assuming that there will be oversupply of lithium in the near future. Indeed, supply and demand projections for lithium and other battery metals such as cobalt can move materially, as they are tied to how quickly consumers will adopt electric cars or the battery industry is willing to produce battery cells. \n\nBullish Outlook for the Lithium Industry\n\nMy view on this is very different, the opportunity for lithium is huge. For many reasons such as costs, environmental benefits, fun of driving, etc., electric vehicles (EVs) will be successful rather sooner than later because the global car producers by now are fully committed. In China, the most important market, the market share of electrified vehicles, or New Energy Vehicles as they are referred to in the region, can reach 75% of all newly sold cars in 2025. Analysts such as Benchmark Minerals, who observe the market very closely, project demand to rise from about 220,000 tons of lithium carbonate equivalent (LCE) last year to more than 900,000 in 2025 and around 2 million by the early 2030's! \n\nMost of th...

More updates from Rock Tech Lithium Inc.