The Global Lithium Podcast team convenes for an emergency session to address the pain being felt in the stock market by lithium investors. Joe and Emily take a look at FMC’s quarterly earnings call, specifically whether increased prices or volume from the Argentina operation have led to increased revenue(*spoiler alert* – it’s prices). We review Orocobre’s claim that “if desired,” they could produce 100% “battery grade” onsite. Our main story is the bloodbath lithium stocks are experiencing in the market and an examination of potential causes, including oversupply fears, price concerns, short term trading, EV demand, Chinese subsidies, and global macro conditions. We do some dramatic reading from a recently released report by the “Mad Macqs” from Macquarie that refers to a “Lithium Thunderdome” that is “sleepwalking into a tsunami of supply”. Joe and Emily conclude by congratulating Cailin Lowry on getting close to reaching her fundraising goal for her short film The Society. If you haven’t contributed yet, what are you waiting for? Get on it!

The #lithium industry doesn't need China price > $20/kg to be hugely profitable. The China price is becoming rational; ROW pricing rising to new heights. It may be next year before the "smart money" gets it but price isn't dropping to single digits. https://t.co/mdIW0ExUtW

— Joe Lowry (@globallithium) August 4, 2018

Yes this is the last you will hear about @notquitecaitlin’s crowdfunding campaign. The #lithium world was a big part of getting her to 80% (which means funding & success) but she would love to move from 88 to 90% in final 24 hours https://t.co/oCtkuIAue1 pic.twitter.com/YbFrQI7LOf

— Joe Lowry (@globallithium) August 4, 2018