PLS

2.06%

$2.97 pilbara minerals limited

Hyundai Kona Electric for Australia, page-37

First 37 Last

Share
Profile

Follow
SF@HC

8,984 Posts.

4436

03/04/18

16:33

Post #: 32190676
Share

Originally posted by savvyinvestor ↑

i think you are right that low margin businesses with high input costs from petrol and servicing will lead here. industries i see as switching to EV early include:

1) delivery drivers - this is a massive group in london due to the fact that online shopping is enormous here. take grocery shopping for example. unlike australia there are very few full size supermarkets here, so the vast majority of households grocery shop online through ocado, amazon fresh, etc. likewise amazon prime is deeply embedded in london so most ppl buy and have goods delivered to their house on literally a weekly basis because its free and within 24hrs.

so once good ev trucks are on the market it wont take long for behemoth companies to figure out they can cost save a fortune via EVs which can be rapid-charged as the drivers drop into the warehouse and load their next 20 households worth of deliveries plus have a meal/ toilet break. i would be amazed if the majority of short haul delivery trucks arent ev’s within 10yrs.

2) taxis are starting to go EV in london as i mentioned earlier. the same will hopen for uber and the “car service” industry which is like a private taxi service that people book to drive them to/ from the airport for example. this industry is big in london and new york as two examples. the majority of EVs in london are already toyota priuses but they arent that cheap to run once overall service/ purchase costs are accounted for, so i think uber drivers will slowly figure out that the EV economics work out cheapest. they can choose to stop at a charging station around london for a charge and a quick break, or they can pop home and charge when theres a lull in business (eg early afternoon/ late evening). this may sound strange, but even without EVs i am often told by local uber drivers that they have just gone home for a dinner/ lunch break for an hour and then come back out, so i dont think it would be a big change for them.

these 3 categories represent the vast majority of central london traffic, hence i think EV will dominate within a decade.

sorry to keep hrping on about london, but i think it contrasts the lower density cities of australia where oz investors may think that the economics of EVs in business dont stack up. the same principles would apply im sure to new york, tokyo, many chinese cities and once these global ‘trend setter’ cities prove the EV model works in business i think we will see the trend filter down to smaller and lower density cities as the ever improving technology continues to drive lower costs and shorter charging times of EVs.

the cost of lithium will inevitably drop as supply continues to expand but i dont think we will see a glut and a price crash unless my demand side observations and predictions are way off.

Expand

Great info savvy, but cant agree with your last note re Li supply. All the things you discuss in your post are demand pulls, as many say, a lot of analyst underestimating the demand side of the equation.
Maybe some bottlenecks with short term surplus, but if 50% of the EV and storage announcements made to date are implemented, there will be a shortage or at least market will remain tight, thus keeping Li prices high.

PLS Price at posting: 84.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

HLX

Helix investor makes partial takeover bid, proposing board changes

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

First 37 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $2.97		Change 0.060(2.06%)		Mkt cap ! $8.942B

Open	High	Low	Value	Volume
$2.96	$3.02	$2.93	$100.8M	33.97M

Buyers (Bids)

No.	Vol.	Price($)
4	716181	$2.97

Sellers (Offers)

Price($)	Vol.	No.
$2.98	235000	1

View Market Depth

No.	Vol.	Price($)
1	13455	2.960
1	338	2.950
5	74501	2.940
5	20445	2.930
9	100440	2.920

Price($)	Vol.	No.
2.990	39749	3
3.000	90073	11
3.010	93481	5
3.020	125136	14
3.030	53015	6

Last trade - 16.10pm 30/08/2024 (20 minute delay)

PLS (ASX) Chart

Hyundai Kona Electric for Australia, page-37

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Lendlease sells off US east coast construction operations in latest global divestment push

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hyundai Kona Electric for Australia, page-37

Top Stories

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Lendlease sells off US east coast construction operations in latest global divestment push

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News