Banter and general comments, page-12149

Buy, hold or sell is your decision alone.
The headlines will have you believe a recession is coming. Maybe, more unlikely.
Covid was a locked down economy. People were paid to stay home (job keeper), how terrible.
GFC - the US banks were broke. The FED had to recapitalise them. Out of public news and knowledge Australian banks were technically in default. Repayments at the top end of town was frozen or deferred, lending between banks stopped.Today, in worse case 10% unemployment, 55% stock market collapse, 40% commercial real estate and 28.5% home value fall. The banks would still survive. While many are worried about recession, I see the Dow Jones hitting 40k very soon. You saw fear in the stock market, you will soon see greed.

Automakers are investing heavily in electromobility, and Elon Musk swears by lithiumPUBLISHED ON 06/23/2022

Lithium is not only used in electric vehicles, but also in many everyday objects. Only recently, Elon Musk recommended entering the lithium industry because there were enormous profit margins, "it's like printing money. Batteries and rechargeable batteries are increasing in importance immensely, so that one sometimes hears that we are only at the beginning of a lithium boom. In this country, research is being done on lithium, recycling and by-products. Germany has yet to establish itself on the international lithium market. Chile, Australia, Argentina and, of course, China dominate here. And the current energy crisis and high energy prices show that dependencies can be fatal.Car manufacturers also know that they can no longer get around lithium. Audi, for example, is investing 320 million US dollars to increase the engine output of electric vehicles in Europe. One focus here is on Hungary. The country ranks 20th among the world's largest car exporters. Renault Group will enter into a joint venture with Chinese supplier Minth Group to expand a battery parts production facility. It is expected to produce around 300,000 cases annually by 2025. Furthermore, a joint venture exists between Sony and Honda with the aim of producing electric vehicles by 2025. Honda plans to offer around 30 electric vehicle models by 2030. Two million electric vehicles are to be produced per year.So, for electromobility to gain momentum and CO2 emissions to be cut, a lot of lithium is needed.