Rightio.... so what you are saying is that supply and demand of EVs has nothing to do with the price of Lithium.
In which world are you living?!
Something being “in abundance” doesn’t make it easy or economical to extract, process etc.
Entertain a crazy idea just for a moment Colin - just imagine that in say 5 or 10 years from now, no-one wants to buy an ICE vehicle.
100 million orders for EVs over 12 months.
That would require around 5 million tonnes of LCE. Current global production is what, 300k tonnes..?
What would that do to Li pricing - every auto maker would be scrambling for batteries, every battery co would be scrambling for Li.
Price effect = zero?
Really....?!?!?!
This is not rare earths; poor comparison.
The demand potential for EVs is so damn massive that it is hard to comprehend.
Think smartphones and digital cameras.
Did you ever imagine a smartphone could cost $2000+ and people would be lining up to buy them? Me neither.
Disruptive, exponential growth. Like magic, only more amazing.
GXY Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
