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clock Created with Sketch. 26/02/24
08:36
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Originally posted by 1ronnie:
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I think you're missing the point, it is not that EV won't grow enough to require more consumption of lithium but the demand trajectory for both EV and lithium would be much less than originally projected, the bullish projection of which resulted in a flurry of pursuit of lithium mine production around the world, so over tine despite the cuts from existing producers which could shore up pricing in the short term, new supplies from developing mines would come onstream to balance it out ; the lower than anticipated demand against the higher than anticipated supply prevents the recovery of the lithium price to levels that previously justified higher valuations.
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Please, enlight me and name which “new supplies from developing mines will come onstream in 2024, and specifically from Africa. Manono? Goulamina?
(20min delay)