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
- Forums
- ASX - By Stock
- $1 stock !
What many have got wrong in my opinion is that they have simply...
-
-
- 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)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
74.0¢ |
Change
-0.030(3.90%) |
Mkt cap ! $1.794B |
Open | High | Low | Value | Volume |
77.0¢ | 77.0¢ | 73.5¢ | $12.03M | 16.10M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 339920 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
74.5¢ | 109036 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 339920 | 0.740 |
8 | 870031 | 0.735 |
20 | 102940 | 0.730 |
14 | 242553 | 0.725 |
20 | 180133 | 0.720 |
Price($) | Vol. | No. |
---|---|---|
0.745 | 21500 | 2 |
0.750 | 131650 | 4 |
0.755 | 257600 | 3 |
0.760 | 149266 | 7 |
0.765 | 29342 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |