Hey jwoody1000,
Your concern that the rising price of Lithium will make the purchase price of EVs less affordable and would drive the search for cheaper alternatives is reasonable on the surface. It raises the question, what is the cost component of Lithium of an EV? I decided to use google to get a rough idea. Here is my back of a beer coaster calculation:
Battery cost component of an EV is 30 - 40%
The lithium cobalt oxide cathode is 51% cost of the EV battery implying the cathode battery component is 15 - 20% of EV cost
The lithium cost component of the cathode is 45% implying the lithium cost component of EV is 6.75 - 9% (Average = 7.88%)
If the lithium price component of an EV increased by 50% from the current cost this increases the cost component to 11.81% that is
roughly a 4% increase in EV cost. Hardly enough to worry about. Don't forget the economies of scale as more and more EVs are taken up.
I'm holding CXO for the LT with 2030 as my tentative exit date (unless there is T/O too good to refuse). With a LOM extension to approx 30yrs there will be plenty of scope for sp growth and dividend payments.
There has been much excitement on this thread about the immediate future for CXO. Let's see what the following weeks bring. GLTA.
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