The Globe and Mail reports in its Friday, Jan. 17, edition that Stifel analyst Cole McGill does not see price as a material catalyst for lithium equities in 2025. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill says in a note: "This was no more apparent than Rio's pending acquisition of Arcadium Lithium, at a 90-per-cent premium. Rio's interest in Arcadium was driven by scale, product diversification and geographic diversification. Arcadium's basket of assets included Argentinian brine, Argentinian DLE and Canadian hardrock projects. It provided exposure to high-grade assets insulated from discovery dilution, and arguably much of the value can be attributed as an endorsement of long-viewed tricky direct lithium extraction technology." In a baseball-themed research report release titled Lithium Lessons from Billy Beane, Mr. McGill says there is a void in the market without the departure of Arcadium and thinks investors can "benefit from a basket of stocks that recreate the aggregate." Mr. McGill continues to rate Frontier Lithium "buy." Mr. McGill, however, gave his share target a 50-cent trim to $2.50. Analysts on average target the shares at $2.75.