PLS 1.04% $2.85 pilbara minerals limited

Lithium Bubble ??, page-122

  1. 9,200 Posts.
    lightbulb Created with Sketch. 8640
    M2C, it is good to see that the light of lithium's future has turned on for you. From the article you showed is this line...
    "Shares in the electronics firm's affiliate Samsung SDI jumped more than 8 percent in early trading in Seoul on hopes that it might be in line to supply electric vehicle batteries to BYD."

    So within a few months Samsung have gone from a company with a fuel cell department, that they have sold recently (shown in an article I linked to yesterday I think) to a company making and wanting to supply Lithium batteries.

    They had spent hundreds of millions of dollars on fuel cell technology, but ditched it as they opened their eyes to see what is really happening in the world. Smart company Samsung. At some point we will see Toyota do the same IMO, which will just about be the final nail in the coffin of Hydrogen powered fuel cells as a choice for Vehicles.

    Somewhere around that point is when many "experts" around the worlld will finally wake up to the fact that Li-on powered batteries are the immediate future for the next 10-20 years at least, and constant improvements in the lithium battery technology is likely to make it much longer.

    Even though Richard Branson thinks the world could be all EVs by 2025, I'd think it will be more likely 95% by 2040, but if you work out the amount of lithium needed for close to one Billion cars, then several hundred million trucks, busses and tractors etc, it is a mind blowingly high number. Then add grid and personal home storage, and you will wonder where the lithium can come from. More will need to be discovered!!
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$2.85
Change
-0.030(1.04%)
Mkt cap ! $8.582B
Open High Low Value Volume
$2.86 $2.87 $2.78 $46.76M 16.52M

Buyers (Bids)

No. Vol. Price($)
1 2708 $2.83
 

Sellers (Offers)

Price($) Vol. No.
$2.85 123365 7
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.