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That projected surplus supply graph over the coming years within...

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Dudeesq

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29/07/19

20:50

Post #: 39747136
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Originally posted by yarrum2 ↑

Technology
The Lithium Mine Buildup Is Outpacing the Electric-Car Boom

Lithium miners are bulking up for a booming future when electric cars go mainstream. But speed bumps loom, with prices tumbling on a burst of new production and demand growth slowing in China.

Between mid-2015 and mid-2018, prices for lithium, the soft, silvery-white metal crucial for rechargeable batteries, almost tripled as the world’s fleet of electric vehicles hit the 5 million mark, and the auto industry began to fret over the supply of raw materials.

Lithium producers face other pricing hurdles as well, including a slowdown in the world’s ability to convert mined ore into lithium materials. Some converters in China reported delayed expansion due to overly aggressive project timelines, extended periods to commission their facilities, and tightened credit, according to a July report by Orocobre Ltd.
In response to the delays, Perth-based Pilbara Minerals Ltd. said in June that it planned to temporarily slow the pace of production.

https://www.bloomberg.com/news/arti...ne-buildup-is-outpacing-the-electric-car-boom

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That projected surplus supply graph over the coming years within the article i9s to say the least SCAREY imo if it comes to fruition

PLS Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
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Last $4.19		Change 0.125(3.08%)		Mkt cap ! $12.62B

Open	High	Low	Value	Volume
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