By 2030, the supply of lithium-ion batteries will need to...

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Zeeshan

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02/09/19

21:32

Post #: 40283080
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Originally posted by GARETH78: ↑

Hi Asb i agree, that $584 is overly optimistic. The figures are also muddied by the cash cost relating to production, not the tonnage sold.

But the margin was $82 per T.

The cash cost Q2 was greatly improved, and will need to continue Q3 and 4. Might be tough but if it can then if tiis can come down to $350 and sales $520 can still get a bit of margin.

Its not great, but we are getting close to the bottom of the cycle, if we are not at the bottom then PLS, AJM are going to go into receivership before GXY. Throw in SYR for colin while we are at it.

EBITDA was really a loss of $1m if you remove FX gain, but thats acceptable this part of the cycle in my view.

AIMHO

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"But the margin was $82 per T."

Dont let the facts get in the way of good ASB fear mongering.

Originally posted by asb83: ↑

With iron ore there is always going to be demand as there will always be construction around the world that requires it. Lithium is different in that demand is yet to be proven and demand forecasts are pinned mostly against EV growth, which is anything but guaranteed, and which is spluttering along at a snail's pace and off a very low base.

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By 2030, the supply of lithium-ion batteries will need to increase by more than 10-fold, BloombergNEF forecasts, with electric vehicles to accounting for more than 70% of that demand.

GXY Price at posting: $1.12 Sentiment: Hold Disclosure: Held
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By 2030, the supply of lithium-ion batteries will need to...

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