From my research battery manufacturers want hard rock and not brine.
This is a statement from VW.
The German giant VW has named hard-rock lithium, such as that from WA, as being far more desirable than the South American brine-type.
VW has said hard-rock mining for lithium was “considered the future-proof solution, both commercially and in terms of sustainability.”
VW has also said recently that lithium extraction from brine – predominantly in Chile, Argentina and Bolivia – was deemed difficult to calculate, since the evaporation process can be severely affected by rain, snow and natural contaminants in the material and the impact on the environment (for example, on the groundwater level) can be potentially problematic, and VW has described Lithium as being the “irreplaceable element of the electric era”.
I'm out as of a couple of days ago as I can see this sliding further. Why stay in and watch your investment disappear weather you are long or short on the stock. Makes no sense.
I may revisit when all the hype has settled, there is still a long road ahead to production IMO.
Good luck to all that hold
AGY Price at posting:
8.9¢ Sentiment: Sell Disclosure: Not Held
(20min delay)