Just read the following in an investor newsletter today , and not the first time l have had this told to me.
Any comments ?
" But while there is an increase in demand for Li-on batteries, there’s more than sufficient supply to meet this need. More importantly, the major lithium producers in the world can meet any demand increase with ease.
As recently reported by Bloomberg,
‘If all current lithium projects proceed as planned, they would deliver about 330,000 tons of lithium carbonate-equivalent by 2020, creating “a bit of an oversupplied market,” according to Citigroup.’
Is there too much Lithium in the future ?
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Last
$3.15 |
Change
-0.160(4.83%) |
Mkt cap ! $9.486B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.22 | $3.09 | $384.4M | 121.3M |
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| No. | Vol. | Price($) |
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| 1 | 1587 | $3.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 20000 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |