What Lithium Bears Miss About Project Restarts (@zempheth)

About this episode

The episode discusses lithium markets and project restarts with Chris Williams from Adamas Intelligence.

In this Rock Stock Recap, Chris Williams of Adamas Intelligence joins us (Howard, Matt and Rodney) to discuss lithium markets, DLE technology, incentive pricing, project valuations, and the outlook for lithium supply and demand. We examine whether recent project restarts really threaten the market balance, why energy storage systems (ESS) are outperforming expectations, how capital intensity impacts project economics, and what lithium prices are needed to incentivize new supply. We also discuss Vulcan Energy, Q2 Metals, Quebec hard-rock lithium, Thacker Pass, and the future of Western lithium refining. Register for Adamas Intelligence REE Conference:https://www.adamasevent.com/ Register for Benchmark Giga US 2026:https://www.benchmarkminerals.com/events/giga-usa Follow Christopher Williams:LinkedIn: https://www.linkedin.com/in/cdw4870/X/Twitter: https://x.com/zempheth___ Chapters (00:00:00) Opening Updates(00:03:49) Meet Chris Williams(00:07:27) DLE Site Lessons(00:13:41) Vulcan And Exxon(00:19:53) Q2 Valuation(00:23:01) Quebec Site Visits(00:26:04) Valuation Metrics(00:31:35) Incentive Prices(00:39:37) Supply Incentives(00:46:05) Lithium Price Action(00:48:43) Supply…

People in this episode

Hosts: Howard, Matt, Rodney

Guest: Chris Williams

Topics covered

• lithium markets
• DLE technology
• project valuations
• energy storage systems
• lithium supply and demand
• capital intensity
• incentive pricing

Keywords

• lithium
• DLE technology
• project restarts
• energy storage systems
• supply and demand
• capital intensity
• incentive pricing

Mentioned in this episode

Organizations: Adamas Intelligence, Vulcan Energy, Q2 Metals, Western lithium refining, Benchmark Minerals

Places: Quebec, Thacker Pass

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