LTR (ASX) Lithium Related Media Articles

Originally posted by anatol: ↑

"Canberra says lithium and base metal sales will rival coal sales by 2028"

We have given the same news 3 months ago here on HC threads.

My Post #: 65475998 on 30/12/2022

"The lithium sector is going to be the 3rd biggest export sector of Australia in next 6 years IMO.It may easily reach to $40b export value in 2029".

Here is my old post below: (Also see my comments about shorting at that time at bottom of post)

-------------------------------------------
30/12/2022

OK guys I'm not worrying about shorting anymore.
As I said before;

The solution for me is easy. This is what I'm doing;won't sell anything and leave them with no stock to buy later.I was even buying recently as I said beforeholding tight.being patientresearching a lot and seeing the "battery grade" lithium market is going to be even in bigger deficit next year.I know well that the over supply story is an illusionkeeping faith in my LTR investment that I'm doing the right thing.They can keep shorting but the it will not affect my investment decisionThe current stock price of my stock on the board is an illusion too. It's created by shorters and it will disappear.
Here is another important point which is making my hands tighter for holding my LTRs. Let's analyse this news a little bit to see where we are going.

The lithium sector is going to be the 3rd biggest export sector of Australia in next 6 years IMO.

It may easily reach to $40b export value in 2029.

Why the major miners like BHP & RIO can't see that and act accordingly is a mystery to me.

Dinosaursor stupidity?

Let's have a look at this news now;

The news data is sources from Australia’s Department of Industry, Science and Resources.

"Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22"
24 December 2022

Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly. Among its findings are that lithium export earnings are expected to exceed $16 billion in 2022–23, up from $5 billion in 2021–22.This will make lithium Australia’s sixth-largest resource and energy commodity export.

The report forecasts a supply gap will persist over the outlook period, with total supply from both mine and brine operations currently insufficient to meet demand.Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, andUS$4,010 a tonne in 2023 before moderating to US$3,130 in 2024. Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in 2022 and US$61,200 in 2023, moderating to US$48,500 by 2024.

As you can see the lithium pricing is already very conservative on the report.

In next 10 years I think it will double in value and will reach to $30b when LTR's KV project and WES/SQM'S Mt Holland spod concentrate plant project, plus the expansions of current producing mines (PLS, MIN/Ganfeng completed, and other small projects start production (CXO, ESS, etc).

I think it will be over $40b which will make it third largest resource and energy commodity after iron ore and oil & gas before or in 2029.

It will overtake coal which has $37b export value in 2021-2022. (Coal exports will decline btw)

There will be at least 5 lithium hydroxide plants in Australia.2 plants have already been built, 2 are under construction, LTR's will be build before 2029, one more may be built by ALB/MIN for Wodgina project.

Those 5 plants will produce 80kt each which may reach to 400kt in total.If we consider $40k/t that will make $16b export value.

The interesting point here is why the major miners close their eyes to this obvious very high export revenue potential.The other interesting point is that the largest investor of world financial system (Blackrock-Vanguard-State Street) are all seeing this potential and acting accordingly to take the control of this strategic commodity/energy mineral.

I believe that's why we are seeing this strong shorting for stake building.
They are not shorting for making profit by buying back low, they are shorting for accumulating IMO.

Expand

From your post;...

From the tagged post article;...

I remember the absolute joy of reaching ten (10) cents!

Ten dollars now seems cheap and undervalued - despite what the PLS elite would have us believe.

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