Australia's largest stock trading and investment forum Australia's #1 stock forum

Day Trader’s Weekend Aftermarket Lounge 21-23 Feb 2020, page-113

First 113 Last

Share
Profile

Follow
Wazza3006

15,460 Posts.

96

22/02/20

15:09

Post #: 43089025
Share

Originally posted by Load: ↑

The Chinese Li spot price market is somewhat irrelevant as it has few buyers and sellers. Lithium buyers have specific purity requirements, its not a homogenous market like metals for example. Most Lithium deals are done outside the spot market, under medium or long-term contracts, but no doubt some buyers will be using the chinese spot price as leverage when negotiating prices under the current "oversupply" in the market..

LIT index hass been on the rise for some months now, so sentiment seems to be positive in the sector. There are about 24 or so Battery giga factories coming online worldwide, and Li demand is expected to rise in the 2020-2025 period, ear marked as the ascendency era for EVs.

I suspect when domestic storage systems like the Tesla Powerwall become more affordable (currentlyAUD $11700 installed) we'll see govts mandate it as standard in a new house build. That too would create an enourmous demand which Im not sure the Li market could currently supply.

Expand

Fire retardant building products has huge implications with AGW and bush fire prone areas. Purity is not an issue as far as I know.

Last edited by Wazza3006: 22/02/20
Upvote

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

ORP

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

Bitcoin: Current State of Play & Where to Next | Swyftx

LVH

Livehire sees share rocket 91% on takeover bid by Humanforce

IR1

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

There are more pages in this discussion • 96 more messages in this thread...

First 113 Last