Lithium news, page-6

Finally some sanity with the above article. It's clear EV demand will be greater than supply and buyers will soon fear the capital depreciation of buying a conventional car as they become all but redundant. There will likely be savage price whiplash when the current slight open market lithium oversupply evaporates as new Li battery mega-factories hoover it up. Then the huge demand for storage is also ramping up as combined battery/wind/solar can provide power on demand so cheaply it can easily beat even beat gas peaking plants. On top of that, there is now ample evidence that the penny has dropped with the big boys who are now in battery materials acquisition mode - realising that potential takeover targets with quality lithium assets are currently dirt cheap.

It's hard to see how the GXY share price can stay this low for much longer when massive Li demand is on the horizon, growing at exponentially faster rate than the difficult commissioning of new mines will be able to satisfy. The only way demand can possibly be met is if the mining behemoths such as Rio and BHP etc jump in and flex their financial muscle to get large undeveloped projects off the ground and mine then refine the product to maximise profitability with a suite of EV products Li, copper, cobalt etc - Wesfarmers have worked this out and are fattening the Li cow to on-sell to the big boys when the opportunity is ripe