Phantom I just wanted to share a post with you that was my reply to a poster on a different stocks thread. You haven't made the same bold claim that Sodium ion has taken over completely from lithium ion as the poster I was replying to did but here is a little research on the actual numbers for Sodium and its outlook.. The story is not as rosy as hype media articles will have you believe.
So this is for your info rather than to refute your post as you have made some good points even if it differs from some of my own views.
"In 2022 there was around 1570 GWH total manufacturing capacity for LI ion batteries depending on which source you look at.
So I think its fair to assume we are somewhere near half that way through that transition at about 2500GWH of capacity now ( which probably underestimates it.
The Chinese are 100% playing games to stress the market, They are delaying restocking to manipulate prices, they are running local lepidolite production at a loss but making up the loss elsewhere in the refining chain. They are running through a big oversupply of LFP batteries that they built up in 2022, They are doing the dodgy and bribing their way to African resources which companies from Australia and the USA can't do and abide by the legal system. There is many other levers they are pulling to make this price squeeze hurt for the rest of the market in the hope of getting assets and offtakes cheaply.
I'm not disputing the fact that sodium ion Isn't going to get some market share, but to say that "LI batteries have been replaced by Sodium ion which China has started using in droves to drive prices down."Is just wrong."
CXO Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
(20min delay)