raising interest rates only go so far kev. for the mum and dad mortgagees out there/ the first 3 interest rate rises could have meant let go the holiday /new car they badly needed/ or extension to house with a baby on the way/ the next 2 could see them lose their house altogether. and that would apply to thousands of people. as for the construction of lithium plants/ i think ioneer with rhyolite ridge to far advanced to either mothball/ America still wants lithium and boron. ioneer has both. and top-quality stuff as well. Both products are a guaranteed sell to Panasonic/ eco pro and the others. . The world’s car makers have just 15 years to phase out production of petrol and diesel vehicles altogether and replace them with full electric vehicles for there to be a realistic chance of hitting net zero by 2050, a new report by Bloomberg NEF finds. Such a transformation will not happen through market forces alone, and the report warns policymakers must act immediately to step up the pace of change. so whether the economy likes it or not. lithium will be sold. THats a copy and paste as you can see. but still the truth. if you look at the asx . its down across the board/ especially lithium/ and for the past month lithium has been getting a flogging/ doom and gloom news from goldman sachs/ or stories like these.Goldman Sachs commodity analysts share the expectations of BYD’s Li and expect the supply of lithium to catch up with demand sometime next year, pushing prices sharply lower.According to them, as quoted by the Motley Fool, lithium carbonate prices could fall from over $59,000 per ton this year to just $11,000 per ton in 2024, while lithium hydroxide could drop from $67,240 per ton this year to $12,500 per ton in 2024. so all this doesnt help anybody. esspecially when you havent even got a shovel in the ground yet, but im very hope full that ioneer will bring home the bacon.
INR Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
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