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rookstar

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03/08/24

14:49

Post #: 75057036
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Originally posted by dynofish ↑

I realise that some of this at least has been posted about before, but the commentary from the CEO of RIO, Jakob Stausholm about lithium is worth referring to for anyone who is a long term holder, or indeed an intended LTHer of LTR. I have included the reference to the full transcript of the earnings call from the half year result (here). The transcript demonstrates the incredible depth of research and knowledge that ultra large corporations have about the global economic and industry outlooks. There was also a decent report in yesterday's AFR about his remarks. I will post an image below...

From AFR about the Stausholm briefing... He said when asked about acquisitions underlining the importance of "synergies" created by adjacent assets or shared infrastructure..."We would like to strengthen our lithium business, and we also have opportunities to grow our copper business," .... "I couldn't care less about what the lithium price is in the next twelve months, I'm more thinking about how will the market and demand be over the next decade or two, and lithium is necessary in almost any construct of a battery."

Again a quote from the AFR article now... "Mr Stausholm said he was confident in long term demand for lithium, despite prices slumping by more than 80% over the past 18months amid surging supply. "Short term it is unpredictable, but longer term it is quite predictable," he said.

Regards
DF

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Incase you missed it, i particularly like the last minute.

The LTR board are not green in the industry either.

LTR Price at posting: 92.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 83.5¢		Change 0.000(0.00%)		Mkt cap ! $2.024B

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ASX Today, page-42173

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

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Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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Featured News

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ASX Today, page-42173

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Issues emerging as Australian companies tackle critical minerals challenge

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News