PLL 3.33% 15.5¢ piedmont lithium inc.

Gaston project revisited, page-5

  1. 10,881 Posts.
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    I thought the article was pretty balanced for a HuffPost hit piece.

    The challenge remains that some fraction of local residents such as Harper " ... each and every day we see turkey,..." (which is true as they probably live in the neighbouring house), don't believe in the "common good" principle of government. Just a guess now but I'm betting he drives around in a F150 pickup (or Chevy or Dodge equivalent), probably an older model with lower emission standard. Doesn't strike me as a buyer of Ford's Lightning pickup and if he was he is hyper hypocritical. IOW damned if he doesn't (because he is a NIMBY then) and damned if he does given his transport choice.

    Now the tricky part is still economics and the games being played by Goldman Sachs

    Jeff Currie is an economist and the Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs. In early May, 2022 he was quoted
    https://www.fnarena.com/index.php/2022/05/02/top-5-reasons-to-invest-in-the-green-economy/
    "never seen commodity markets pricing in the shortages they are right now"

    “I’ve been doing this 30 years and I’ve never seen markets like this,” the commodity expert said in a Bloomberg TV interview. This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it.”

    https://hotcopper.com.au/data/attachments/4396/4396721-8766258325ac9fdd531b6800949c2148.jpg

    And now, a month later we get "treated" too

    Goldman forecasts a sharp correction in prices, with lithium falling from $53,982/metric ton in 2022 to $16,372/ton in 2023, ...
    Goldman believes demand will remain strong from the electric vehicle and battery storage sector for the three key metals, but the bump in supply likely will trigger "a multi-year softening path for fundamentals," with all three metals shifting to sustained surplus over the next 1-2 years, "which means materially lower price levels."

    This from Goldman analyst Nick Snowdon (a GS metals strategist in London)
    https://www.mining.com/web/goldman-says-bull-market-in-battery-metals-is-finished-for-now/

    which took down share prices of most Lithium spodumene producers & developers.

    Hmmm an economist and Global Head of Commodities Research vs Metals Strategist ???

    Investing vs Trading ... you choose
 
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