lithium demand will grow to 1.5m tonnes by 2026 and to 2.5m tonnes by 2030.
This year it was around 1m tonnes.
Over the next 5 years supply needs to nearly triple.
But many green fields projects are not interested in advancing to production at all.
Whilst many existing producers, one is core are in care n maint.
This may poss problems when excess stocks draw down in the future years.
If we look at copper, there will be a 10m tonne plus defecit in that metal in the future.
It is why over at Mt scholl, if copper features, it will be a valuable asset in a few years time.
All metals a cyclical. Back many years ago, gold was in the dumps, but it was not due to oversupply.
The big end of town primes metals, rides the wave, then picks the next metal in cyclical bottom.
Lithium is in cyclical bottom.
One thing I always watch is companies like bhp and Rio to see what they are interested in.
These companies plan 10 years away in decisions, today Rio is very keen on lithium.
Looking at Rinehart, she has smarts. Yes she got leases from her late father Lang, but technically he was close to bancrupt. Liquid asset whyse.
She played it well in getting big miner's to fund her.
She and Rio would not have spent billions on lithium if they think the future is bleak.
Next year
1. Gold rises to $5000 US per Oz. 2. Lithium rises to $20,000 US per tonne. 3. Copper jumps to 18,000 US per tonne.
Raiden has all those 3 metals.
I like copper more than other metals, because there is no replacement, yes partially with aluminium, but aluminium does not conduct like copper to replace it visibly.
Maybe I am wrong. We see December 2025 after we kick through next year.
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