Lithium Is Cheap Again, Though Maybe Not Forever
+ Benchmark Base Case: 3.1m tonnes
+ Benchmark High Case: 5.3m tonnes
+ Benchmark Lithium Supply Constrained Case: 2.5m tonnes
As the company’s CEO Simon Moore points out:
https://www.theautopian.com/the-world-might-need-almost-6-million-tons-of-lithium-by-2030-and-its-not-clear-we-can-mine-it-fast-enough-report/The World Might Need Almost 6 Million Tons Of Lithium By 2030 And It’s Not Clear We Can Mine It Fast Enough: Report
Lithium Is Cheap Again, Though Maybe Not Forever
+ Benchmark Base Case: 3.1m tonnes
+ Benchmark High Case: 5.3m tonnes
+ Benchmark Lithium Supply Constrained Case: 2.5m tonnes
As the company’s CEO Simon Moore points out:
The Commercial Fleet Business Is Back, Baby
Photo credit: FedExThe lease/rental industry is the fastest-growing vocation in 2023 after being the toughest hit by the pandemic. Fleets like Penske, U-Haul, and Enterprise saw 40-60% decreases in new registrations during the pandemic, but are having their largest year since 2019.Last-mile delivery was one of the only vocations to seen new registration increases during the pandemic and continues to shine with companies like Amazon tripling new registrations from 2019.Class 5 showed the only decrease in registrations. Cab-chassis and incomplete pickups had the most inventory during the pandemic – resulting in a flattening of the curve in 2023.
The Big QuestionHere’s a question that’s going to be difficult to answer, what do we run out of first:
Lithium carbonateThe gigafactories needed to turn that lithium carbonate into battery packsCustomers who want those electric vehiclesPhotos: FedEx, Faraday Future, Benchmark Minerals, Kevin Williams
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Mkt cap ! $171.2M |
Open | High | Low | Value | Volume |
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1 | 43412 | 23.5¢ |
Price($) | Vol. | No. |
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24.0¢ | 1455 | 1 |
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1 | 43412 | 0.235 |
1 | 43500 | 0.230 |
3 | 49500 | 0.220 |
1 | 70000 | 0.215 |
3 | 142000 | 0.210 |
Price($) | Vol. | No. |
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0.240 | 1455 | 1 |
0.245 | 36900 | 2 |
0.250 | 68867 | 1 |
0.255 | 172816 | 4 |
0.260 | 118569 | 5 |
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