 Today I have the genuine pleasure of speaking with Guy Barrass of Namasko Lithium. How are you today, Guy? Very good about you. I'm fantastic And I'm just delighted to have this opportunity to talk to you about the overall lithium market I'd love to start with you right now about, you know, right now Jack Lipton is telling me that we have a bull lithium market In fact, all my editors are John Peterson You know Christopher Eccleston. They're saying we've got another five years of intense demand and rising prices for lithium Do you agree with this, Guy, or what's your anticipation? Absolutely, I do agree with this As a matter of fact, I'm sure that they also noted that the only commodity In the mining sector in the past four or five years that have been Seeing an increase in demand and an increase in sales price is lithium the different lithium compounds So yes, I do and what I hear from the Chinese market and the producers around the world and market analysis is that effectively there's a very very big shortage actually That is reflected by the spot price that we see in China that we've seen for the past three four months Some people are talking about even $15,000 US for lithium carbonate on spot price Of course spot price does not represent the the the real contracts long-term contracts But this definitely shows that somebody is looking desperately for the some carbonate at this time and that there is none Obviously that is a lot of exciting news for us at investor intel and our audience And of course jacklifton is telling me the real driver for the battery market is actually china And of course, namaskal lithium has made this, you know One of a kind deal with johnson matthew. So I I believe and perceive you to be an expert understanding the demand for batteries Oh, you know right now. Can you talk to us a little bit about what that demand really is or help us help enlighten us a little bit more g I don't quite agree with jack about the fact that the market is in china production Increases in china, but their their batteries and cattle material is is going outside in in other markets So they're producing these batteries, but the the end users are not absolutely not presently in china That's maybe going to be growing there But it's already growing in europe it's already growing in united states the electric vehicle But what's even more interesting? Because if people don't believe Of the rapid growth and the adoption of the electric vehicles, they have to take into consideration that on a tonage wise Energy storage is much more important than the electric vehicle adoption You're going to see at least two times the number of tons of lithium compounds required for the energy storage sector So it's less sexy, I suppose than electric vehicles, but as a manufacturer I absolutely delighted with the with the rise in the demand for energy storage Okay, so would you say that you agree with we had a a speaker at our last technology metal summit say that The stake is really in renewable energy storage solar and wind not in the car industry. Would you agree with that? Yes, exactly what I It's exactly what I was seeing earlier You have about two times the number of tons projected into the increased demand coming from the energy storage Then from the evie, of course the evie starting from a lower number shows a more important percentage growth But then a tonage wise it's almost two times more demand Coming from the energy storage sector. So yes, I fully agree with this Well, this is my favorite question I have for you Guy because We have so many people talking about the lithium industry and battery storage And obviously they're new to the market. Can you tell us what the biggest misconception you hear about lithium is presently? Oh, the biggest misconception is about the the fact that everybody believes that it's easy to get lithium that there's no Scarcity of resource. There's a lot of lithium Everybody talks about bolivia, but bolivia that never produced one kilo of commercial lithium because of technical issues because of political issues because of all sort of difficulties So having a resource potential is something having a reserve that you can mine economically and get to the proper Purity level that's something else. So if it was that easy Why would there only be three projects presently around the world that are fully permitted ready to build? One one in australia one in canada and one in argentina So there's a very very few projects out there Even if the three projects were coming to in production this year That would not be able to supply the increase projected demand So there's room for new projects. There is very very few projects that are out there and we're one of them Well, gee, thank you so much for joining us today. I really appreciate your thoughts on the lithium market Thank you very much. Well, it was my pleasure