What many have got wrong in my opinion is that they have simply equated the forecast growth in the number of EV’s to a corresponding “demand” in growth profile for Lithium.
As one grows, demand for the other must grow right?
Wrong.
Very simply there are 5 or 6 determinants of “demand” for a product:
price of a good
Income of consumers
prices of related goods
Consumer preferences
Future expectations
Number of buyers
Sentiment
All are inter-related. It is far more complex and nuanced than most media commentators present.
However - a good sales pitch if you didn’t understand it and wanted to pump Lithium stocks would be - “look at the forecast growth for EV’s - demand for lithium will go through the roof…”
Cheers
DYOR IMO
$1 stock !, page-143
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 92465 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 20810 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |