I was thinking exactly that, unfortunately, there hasn't been a lot of evidence of this in the past.
In economic terms, lithium is a substitute good for oil. If the price of oil goes up then the demand for oil should go down and the demand for lithium should go up. I think because lithium for transport is such a small segment of the market right now that the two aren't yet considered substitutes for each other, but they will be at some point. One full-on oil crisis and they will be.
- Forums
- ASX - By Stock
- AKE
- Saudi Arabian oil crisis boost for Lithium
Saudi Arabian oil crisis boost for Lithium, page-5
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)