No doubt about that... https://www.ev-volumes.com/country/total-world-plug-in-vehicle-volumes/ China: 21/22- 82% growth, compare to 15% Europe and 48% USA 2022- China total sales almost double ov Europe and USA combined https://seekingalpha.com/article/4576068-ev-company-news-for-the-month-of-january-2023 Projections are scary....and indeed possibly too bullish and strong for lithium own good. Higher lithium prices will likely push adoption of new less advanced technologies. Is no coincidence that CATL has started to produce Sodium Ion battery They are already talking about a hybrid battery made out of Sodium-ion and Li-ion combined... Softer Li prices are welcomed and LLL is in the best position among peers, possibly Sigma is the nearest competitor when it comes to long term profitability but hey AU$ 4.5 Billion market cap. We are little more than 1 year behind Sigma, with a little less initial production rate.
LLL Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
(20min delay)