Great Article on Li Demand (below)....this bodes VERY well for...

Great Article on Li Demand (below)....this bodes VERY well for AGY !

https://www.bloomberg.com/news/arti...-drives-rush-to-mining-s-90-billion-heartland

Some Key Points from this article:

Prices of lithium carbonate, the primary base-chemical produced by the industry, more than doubled in the 5 years to 2016, according to UBS Group AG. The material advanced about 5 percent to average $14,250 a metric ton in July from the previous month, even as Australian exports rise, according to Benchmark Mineral.

“We don’t see any price fall in the next three years,” Benchmark’s Moores said. “When you look at all the battery plants being built and the plans for EVs, even if only about 25 percent of those are realized, we’re still going to be short of lithium. It’s a unique once-in-a-generation situation.”

Chinese companies plan battery factories with capacity to pump out about 120 gigawatt-hours a year by 2021, more than three times the proposed volume of Tesla Inc.’s Gigafactory in Nevada, according to Bloomberg New Energy Finance. About 55 percent of global lithium-ion battery production is already based in China, compared with 10 percent in the U.S. by 2021, China’s share is forecast to grow to 65 percent, according to the forecasts.