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21:32
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Originally posted by GARETH78:
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Hi Asb i agree, that $584 is overly optimistic. The figures are also muddied by the cash cost relating to production, not the tonnage sold.
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" But the margin was $82 per T."
Originally posted by asb83:
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With iron ore there is always going to be demand as there will always be construction around the world that requires it. Lithium is different in that demand is yet to be proven and demand forecasts are pinned mostly against EV growth, which is anything but guaranteed, and which is spluttering along at a snail's pace and off a very low base.
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By 2030, the supply of lithium-ion batteries will need to increase by more than 10-fold, BloombergNEF forecasts, with electric vehicles to accounting for more than 70% of that demand.
