Markets will rise 20% on the run to Xmas but next year will be a bloodbath. Wages inflation is the elephant in the room and will stifle an easing of interest rate rises, although they will be less severe. US housing interest rates already at 7.7% and is having an impact on housing starts and mortgage applications here and abroad.
MIN resources coming online next year will meet market demand for 6% Spodumene and unless the major Lithium producers form LPEC to control output the price of Spodumene will plummet. The production of BG Carbonate is not as opaque, and I still have my doubts manufacturers will keep up with battery demand.
LFP batteries are the future, invented by BYD (who just took earnings hit) and used by Tesla in some models (also down). They are blade batteries which are fire resistant, faster charging with greater battery life, output and a hell of a lot safer on impact. The amount of mining required to produce Lithium, Cobalt and Nickle is an environmental disaster and a great cost burden to manufacturers and consumers.
Consumer satisfaction on new electric vehicles is down compared to new ICE customers with most customers concerned at the lack of charging infrastructure. It is not smooth sailing as the market will have you believe.
AGY; as a BG chemical producer, would have to be one of the safest places to have your investments for the near- and long-term IMO. Phosphate, especially high-grade phosphate deposits, are the other IMO!
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