The Globe and Mail reports in its Wednesday, April 3, edition that Eight Capital analyst Puneet Singh thinks lithium prices finally appear to be "bouncing off a bottom after a lengthy slide." The Globe's David Leeder writes in the Eye On Equities column that Mr. Singh, in a research report released Tuesday titled Lithium: It's Always Darkest Before the Dawn, acknowledged investor sentiment and headlines "seem to only be negative," however, he emphasized electric vehicle sales remain robust "regardless of the narrative." With his expectation of supply cuts shifting the market back into a deficit as early as the second quarter of this year, Mr. Singh recalibrated his valuation multiple for E3 Lithium, which he rates "buy." His share target fell by $1.50 to $7. Analysts on average target the shares at $7.15. Mr. Singh says in a note: "Prior to the pullback in lithium prices, E3 Lithium was an outperformer in 2023 as it started up its field pilot plant. E3 Lithium's PFS results are coming soon and a return to news flow could potentially spark a recovery."