Not sure which "many companies" have conceded that the price of...

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James56

210 Posts.

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28/08/18

17:04

Post #: 35242340
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Originally posted by GCar ↑

"The reality is that the price of lithium is off the boiler as many companies have now conceded. It's not plummeting, however, the best appears to be over and we are yet to see where the price of lithium will end up."

LOL asb83, do you really think the best is over..?

If one was to ignore:

the unfolding rEVolution
the growth profiles of disruptive technologies
the slow ramp-up time of producers
the approaching EV/ICE price parity
>$350 billion committed to EVs by big auto
the 300 new EV models by 2020
the emergence of China as dominating EV transition
the increasing government intervention to promote and even mandate transition to EVs
the growth of charging infrastructure
the diversification of big oil into renewables
the minimal new projects due for production in the coming few years
the inability of current producers to easily and rapidly increase production

...and similar evidence that we are only just getting started in the biggest industrial shakeup of our lives,

then one might conclude that the recent slight peaking in China prices means that the "best appears to be over"....

But, good luck with that conclusion, in the face of irrefutable evidence to the contrary.

I hope you hold something that will benefit from this once-in-a-lifetime mega boom that is on the way.... good luck.

Why so negative? Get excited.
I hope you stick around for the next few years as this takes shape.

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Not sure which "many companies" have conceded that the price of lithium is off the boil, but ORE reported today and their FY19 price received was about US$14000 per tonne. If that's the "off the boil" price I can hardly wait for the price recovery when the "supply glut" dries up!
(sorry for quoting your post @GCar - but I think you were replying to a post from someone on my growing ignore list)

Last edited by James56: 28/08/18

GXY Price at posting: $2.93 Sentiment: Buy Disclosure: Held
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