Nevada Lithium: Market Sentiment, Government Engagement & Site Progress

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to the Nevada Lithium live event hosted by 6. I'm pleased to introduce our speaker for today, Stephen Renschler, the CEO. He'll discuss key insights from the recent FastMarkets European lithium market conference, his discussions with lithium end users and other participants, topics discussed at the Nevada governor's inaugural lithium summit, and the latest updates on the path forward for Nevada Lithium. After that, we'll be accepting questions. As a reminder, you can submit your questions at any time in the chat. As always, this event is being recorded and will be available to watch shortly afterwards. So without further ado, Steve, I guess let's get started. Super. Thanks, Max. Thanks to everybody for taking the time today to be with us. So as Max outlined, there was already a lot on the plate to talk about prior to, I think, the big news that came out this morning, which is, of course, Rio Tinto coming after Arcadium. And so let's add a little bit more on the plate and talk about why this is important, because I think it confirms the signs that I think we started to talk about on the last webinar of essentially a bottoming of the lithium cycle. And this is the way conceptually I suggest you should think about it. Remember, of course, that, you know, the lithium industry is very, very, it's nascent, right? Really, it doesn't exist. Yes, there's over a million tons of production last year. But again, the long-term demand far outweighs that. And essentially, this cycle of lithium started no more than a couple of years ago. So there are not many suppliers. We talked about the bifurcation because of the Chinese, the Inflation Reduction Act, and the world sort of separating itself into a bunch of different camps. You know, all of this just co...