A good article just now in AFR referencing the head of DVP, Bill Beament. He describes the close door discussions happening in boardrooms involving lithium and securing its supply is nothing like seen in the past 50 years in Australia (ie when the Pilbara was opened up to iron ore mining). Car manufacturers, battery makers and chemical companies are all cold-calling lithium hopefuls and miners to get access to supply for lithium and other battery metals. He stated all the top 5 stocks in the ASX 200 over the past 3 years were lithium miners (i.e. LTR, PLS, CXO, LKE and SYA).
After the world normalisesfrom inflation/recession he comments the structural bull market in copper, zinc, lithium, cobalt, nickel and rare earthsis frighteningdue to the commitments that every government, every big business, every car company have made on net zero energy.
A1M is an absolute bargain ATM but will not be in 2025. Bill Beament has also stated in recent article that Cu is more of a 2024/25 play.
A1M Price at posting:
39.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)