The rally has sent the stock prices of certain Australian lithium miners into a tizzy. In the past twelve months, Prospect Resources has soared 400 percent while General Mining Corporation and Pilbara Minerals have both witnessed spikes of a thousand percent.
"I don't think we fully understand the actual future demand for lithium," John Holmes, exploration manager at Pilbara Minerals, told CNBC.
"With the surprising quick uptake of Tesla's new vehicles and electric vehicles in general, we're going to see a massive surge in demand for lithium-ion batteries in the foreseeable future."
The company is targeting 300,000 tons of lithium concentrate when production gets underway at its new project in Pilgangoora, located south of Port Hedland, in 2017.
"Our cost of production is $200 a ton, based on our price estimate of $456/ton. But current pricing is $600/ton. So, there's a massive margin even using the conservative price," explained Holmes.
http://www.cnbc.com/2016/05/25/aust...sing-global-demand-for-electric-vehicles.html
John Holmes interview, CNBC
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.15 |
Change
0.040(1.29%) |
Mkt cap ! $9.420B | |||
| Open | High | Low | Value | Volume |
| $3.16 | $3.18 | $3.12 | $71.90M | 22.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 112482 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 320783 | 6 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |