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 Restarts (00:54:47) DSO Market Signals (00:59:26) Lithium Outlook (01:02:58) Closing Thoughts (01:04:21) Q2 Metals Highlights

Links

Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/

Questions: rockstockchannel@rkequity.com

Patreon: https://www.patreon.com/rockstockchannel

Podcast Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq

Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13

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DISCLAIMER

NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH.

Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com

Intro and outro audio credit: Jamie Klein

What Lithium Bears Miss About Project Restarts (@zempheth)

Rock Stock Channel

What Lithium Bears Miss About Project Restarts (@zempheth)