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Saudi Arabian oil crisis boost for Lithium, page-6

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Quiono

1,640 Posts.

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17/09/19

14:48

Post #: 40452725
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Originally posted by butcherboy: ↑

I was thinking exactly that, unfortunately, there hasn't been a lot of evidence of this in the past.

In economic terms, lithium is a substitute good for oil. If the price of oil goes up then the demand for oil should go down and the demand for lithium should go up. I think because lithium for transport is such a small segment of the market right now that the two aren't yet considered substitutes for each other, but they will be at some point. One full-on oil crisis and they will be.

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I completely agree. Nevertheless, when I tried to make this connection before I got shot to pieces on this forum by those that cannot see the correlation. Go Figure......

ORE Price at posting: $2.59 Sentiment: Buy Disclosure: Held
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