AGY 8.14% 9.3¢ argosy minerals limited

Li-related News/Articles/Reports, page-8195

  1. 716 Posts.
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    So in my Post 73799508, I mentioned:
    If you've got a sentiment of Hold, then provide some balanced input.
    Buy sentiment tells readers you're overall positive on the company.
    Sell says on balance you're bearish.
    Hold is a neutral setting, and shouldn't be used to incessantly counter punch any Buy sentiment posters, or provide non-stop negative 'buyer beware' commentary without ever acknowledging the other positive side of the coin.

    @Rob826,
    despite giving a thumbs up to that post, you've now posted 25 times today, all of it bearish.
    I don't care that you're bearish, at least be truthful and set your sentiment as 'Sell'; at least @Sdaji has done this, and even manages to squeeze some positives out of the AGY Argentinian orange.

    BTW, your research skills are a strength.
    How about posting something positive sometime?
    Try the IEA's Global Critical Minerals Outlook 2024 released last week, for a start.

    Here's some points I've listed so far with regards to their impartial take on EV and BESS demand/growth:

    EV Growth

    § China is the world's largest electric car market with 8.1 million electric car sales and 60% of the global total in 2023. The growth rate of electric car sales in China more than halved in 2023 to 35% from 80% in 2022. One of the critical reasons for this is that 2023 was the first year that the government provided no purchase subsidies for electric cars, with their phase-out in 2022.

    § Europe is the second-largest electric car market with almost 25% of global sales in 2023, reaching 3.2 million electric car sales. Unlike China, Europe did not experience a slowdown as the growth rate of electric car sales slightly accelerated in 2023 to 20%, up from 15% in 2022.

    § In the United States electric car sales grew to 1.4 million in 2023, increasing by 40% compared with 2022, the fastest growth rate of the three largest regions, though the sales share of electric cars reached only 10%.

    § In the rest of the world, total electric car sales grew by 70% and sales almost reached 1 million electric cars. India experienced 70% year-on-year growth, with sales of 80 000 vehicles, compared with just 10% growth for total car sales.

    § Although growth rates in EV sales are slowing, early signs from 2024 indicated that sales remain generally strong. As the market matures and subsidies are phased out, growth rates may decrease somewhat. However, robust growth in EV sales is still expected to continue in the near and long term, supported by ongoing policy momentum, major increases in manufacturing capacity, cost declines and expanded adoption in developing economies.


    BESS Growth

    § The battery storage market continued its remarkable growth in 2023, with installed capacity reaching over 85 GW. Almost half of this capacity, over 40 GW, was added in 2023 alone.

    § China, the European Union and the United States collectively accounted for nearly 90% of the capacity added in 2023.

    § Installed battery storage capacity in the European Union grew 1.7 times in 2023, with annual additions rising to nearly 6 GW.

    § Capacity additions in Australia jumped to 1.3 GW in 2023, more than doubling last year’s deployment levels, thanks in part to financial incentives that encourage the pairing of residential PV systems with batteries.


    IMO the future of lithium looks healthy, and AGY are poised to share in that.
 
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