I actually think its the media sensationalising any potential disruptive technology, it makes for an easy eye catching headline. Like every company should, they invest a lot in r&d, when lithium pricing was $80k/t a lot of the alternatives made sense from an economic perspective including sodium, in today's environment not so much. With a lot of their capital sunk into sodium r&d perhaps it's a sideshow to preempt future lithium pricing running away again. If it does the sodium alternative may make sense for specific applications.
Now if you follow where catl deploy capital its unequivocally towards lithium batteries. Their latest investment in indonesian nickel along many other chinese companies has turned the nickel market on its head, suggesting they see a future in NCM. Catl and cathode makers like Huayou take a multi decade view.
With that backdrop what you say about solid state batteries makes sense. Technology will keep improving and with that the demand for lithium.
Follow the $$ not the headlines.
Owning an EV and speaking to those who have one is really eye opening. As someone said to me recently, they often drive past a petrol station and think of it as a view into the past, somewhat like the old camera film, it almost feels nostalgic in a way even though the change was recent.
Aimo
LTR Price at posting:
66.3¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)