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Understanding lithium demand, page-235

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28/05/19

10:57

Post #: 38776274
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Originally posted by 8horse: ↑

VW plans to produce 22m electric vehicles between now to 2028.
Audi just announced to invest 40 billion euro in electric vehicles.
......
Electric vehicle revolution is real and steadily coming.
However, short term oversupply painted a bad picture.

Manono is likely to mine in 2022, when oversupply issue should be gone by then as electric vehicle sales picking up.
To develop a mine, is not always on schedule and it's common. KDR was meant to be producing by 2019, but now is likely in 2021.

ALB & Tianqi is ramping up production on Greenbushes, their current reserve can support around 12 years mining life, their resource could extend life to further few years. But in 20 years time, electric vehicle is everywhere. Our world best grade mine will be gone.
It's a short term pain, but long term gain for the sector.
As I reiterated, iron ore sector and FMG are very good examples for us.

All imo & GLTAH.

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Have a look at this post, which strongly supports Horse's position. https://hotcopper.com.au/posts/38772379/single

AVZ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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