Banter and General Comments, page-11424

That's a massive generalisation and you know it.

It's like asb saying the forecasts are yet to come to fruition so anything could happen and they are not worth "listening" to.

Show us reputable sources that have recently reduced their general EV or battery forecasts for the next 5-10 years.
I can't find any.

"Forecasts" cannot simply all be lumped together when considering their level of reasonableness. The underlying fundamental reasons for the EV and battery forecasts have not significantly changed. Battery prices continue to reduce. Economies of scale still exist. The tipping point for EVs has been brought FORWARD, not pushed out. It's the quality and reliability of the assumptions behind the forecasts that are relevant, not the simple point that they are merely based on assumptions.


Did you also miss this critical information:


“Another reason the lithium market is expected to bounce back is that the current oversupply is “an air pocket that detracts from the building wall of demand,” according to Benchmark Mineral Intelligence’s Simon Moores.

Moores explained that a lot of the excess lithium on the market is technical grade, which is the kind used in stopwatches and other small electronics. He added that much of the industry’s capacity to produce the high-quality, battery-grade lithium needed for EV batteries is locked up until 2024.”



The current "indigestion" or "air pocket" is but a blip in the longer-term trend, just like Tesla's lower Q1 sales were.
Reputable commentators have had months to revise their EV and Battery forecasts now, I don't see any that have significantly changed over the medium-long term.


I know this doesn't suit the agenda of short-term traders - which is to jump on and exaggerate every possible bit of "news" to exacerbate the price swings. The bigger picture hasn't changed. On the contrary, it actually continues to improve, when you dig deep enough to assess the relevant factors and ignore the loud headlines.