Day to day discussions on S/P, page-12394

Weed and Lithium

https://www.bloomberg.com/amp/news/articles/2019-06-12/pot-grabbing-spotlight-from-lithium-threatens-supply-for-ev-boom

"Pot Takes the Spotlight Away From Lithium and Threatens the EV Boom"

Mining companies and analysts at the Lithium Supply and Markets Conference in Santiago this week said they couldn’t help but notice the half-empty rooms at the sessions -- and the lack of investors and fund managers among attendants. The picture was remarkably different from last year’s event, when prices for the mineral used in rechargeable batteries were at historic highs. This year prices have fallen 17%.“A lot of the risk capital that had gone into the lithium sector is now running into cannabis," said Tobias Tetter, managing director at Zurich-based fund manager Commodity Capital AG. The lithium market “absolutely needs more investment, not just from car manufacturers or chemical companies but also from institutional investors and fund managers.”