'the biggest problem with this resource is the lithium market is in a slump and probably will not recover till the later part of 2020'
I, for one have no problem with that - in fact I hope lithium prices don't rise too much for a bit longer than that.
Many billions are being spent globally building megafactories orientated towards lithium batteries as are billions being spent on charging stations with specific software for fast charging a chemistry that has good density, longevity and suitable to do so however if the lithium prices skyrocket it will encourage further research into other chemistry options and alternatives. Already there are noises about hydrogen but I cannot see how the cost of the required infrastructure to distribute and the associated safe storage network facilities (great targets for terrorists) will make that practicable.
It will be interesting to see what the upcoming listing of Lithium Contracts in London brings but I hope things stay reasonably stable for a while yet.
No doubt there's research being done on other types as well but nothing to threaten lithium at least for EVs at present- in fact it could probably be argued that lithium prices are being kept where they are for now by vested interests in order to ensure it's future.
In the meantime I'm happy just following LTR on news announcements and deciding whether to add and how many or not after watching the market following each one.
Old mate took his Tesla for a drive on Saturday and filled up at the free (till the end of the month) Hervey Bay station near Maccas:
Michael.
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