lower Lithium prices might be a threat to Lithium producers at the moment but are actually a bigger threat to the oil industry, so any "promotion" of lower Litium prices for longer is counter productive IMO. Battery prices have fallen around 40% in just the last year alone, not just through the fall in Lithium prices but through technology and larger scale production.
The biggest obstacle to EV uptake is cost to buy one , they are reaching par in some countries now as production gets to scale and as they get mass produced they will inevitably be cheaper than ICE cars.
That's when the real action starts IMO, possibly another couple of years away, but predicting anything going forward is pure guesswork.
There come a point where buying a new ICE vehicle simply makes no sense, with hybrids helping with the transition.
Range anxiety has largely been eliminated for most buyers and is getting extended by the year, there are no other issues that can't be resolved by technology and infrastructure build out.
Unlike fuel prices electricity prices are relatively stable and when you have unlimited power from the gaint nuclear power plant in the sky why would you want to import unnecessary Oil from unstable countries not to mention health benefits.
How this plays out for SYA will be revealed but the first priority is just staying in the game while various agendas play out and while the Dec quarter will be interesting its the current and following quarters that matter.
Cheers Whisky
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Open | High | Low | Value | Volume |
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112 | 27299778 | 3.0¢ |
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Price($) | Vol. | No. |
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3.1¢ | 3398354 | 22 |
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58 | 7764014 | 0.029 |
43 | 4413021 | 0.028 |
23 | 3484668 | 0.027 |
7 | 3677618 | 0.026 |
Price($) | Vol. | No. |
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0.032 | 6594573 | 32 |
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