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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Last
26.5¢ |
Change
0.035(15.2%) |
Mkt cap ! $189.0M |
Open | High | Low | Value | Volume |
28.5¢ | 31.5¢ | 25.5¢ | $979.5K | 3.517M |
No. | Vol. | Price($) |
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3 | 63624 | 26.5¢ |
Price($) | Vol. | No. |
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27.0¢ | 5712 | 2 |
No. | Vol. | Price($) |
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3 | 63624 | 0.265 |
2 | 46426 | 0.260 |
4 | 13009 | 0.255 |
5 | 61000 | 0.250 |
2 | 105000 | 0.245 |
Price($) | Vol. | No. |
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0.270 | 5712 | 2 |
0.275 | 126261 | 5 |
0.280 | 188605 | 7 |
0.285 | 24954 | 2 |
0.290 | 59500 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
DLI (ASX) Chart |