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03/01/25
03:30
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Originally posted by CapitalKing:
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Hi JRS, I think you'll find the elasticity of supply not very elastic at all given the costs involved to bring new mines into production in the current lithium pricing environment. Sure some existing hard-rock producers can try to increase output, but it will certainly be outpaced by the increased demand especially given all the new refineries being established outside of China. Cheers, CK
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Tesla just reported an annual Global sales decline for the first time in a decade. Annual deliveries fell 1.2% despite huge incentives in the USA and China. Take away proposed tax incentives under a new Trump admin & growing recessionary headwinds = further declines in demand. More supply will need to be removed. Cheers DYOR IMO