I agree that there is a current oversupply of lithium ore. What I disagree with the majority of experts and analysts with is that I think the oversupply will be resolved by 2020, not 2023 or 2025.
Demand for for electric vehicles will be growing by 70-100% per year, not 20%.
There is no way current supply can keep up with demand growing at 70% per year every year for the next few years. The only way the oversupply story keeps up is if demand only grows at 20% per year.
The stock market is forward looking but it is bipolar. It alternates between fear and greed.
Currently, there’s a lot of fear that the oversupply situation will last until 2023 if not longer. I believe this situation will change before the end of this year when it becomes apparent that the demand picture for 2020 and beyond is much bigger than previously expected.
Greed will set in then with everyone wanting a piece of the action.
Place your bets.
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