VUL megathread, page-490

just a glimpse of the importance of LI as per below extract of seeking alpha article.

A battery metals miner's super-cycle looks set to begin soon

With a potential super-cycle of battery metals demand set to begin and run for 1-2 decades, I take a look at my current top 2 battery metal miners for each of the key battery metals. In choosing my top 2, I consider the companies quality and growth potential to expand to meet the expected demand surge post 2023.Of course in such a super-cycle of demand most of the quality battery metal miners can do very well. There are many others not mentioned in this article that can do very well. Here for article brevity I select just two, and for graphite and manganese just one each.

My order of preference for the battery metals

In order of preference for the battery metals here is my current order of most preferred to least preferred: Lithium, cobalt, nickel, graphite, and manganese. Lithium is my most preferred as it is used in all battery options (EVs, energy storage etc) and has the strongest forecast demand increase, is a small market, and is unlikely to be substituted. Cobalt is my second favorite because it is rare, a small market, and has limited supply. Risk of being partially replaced by other chemistries [LFP, NM] is something to keep in mind. Nickel in battery grade is also likely to see supply side limitations and strong demand, but the overall nickel market is large making the battery demand impact lower. Graphite and manganese are both large markets and can be quite well supplied. The anode precursor market (spherical battery grade graphite) is a much smaller market and gives producers the edge over manganese miners for my rankings.