I see it as barking the wrong tree thinking that strong China EV growth is good news for lithium.
Chinese EV growth comes on the back of competitive price cutting which is only made possible largely due to cheaper battery costs, and by virtue of cheaper lithium prices. China EV growth is dependent on cheap lithium price just as lithium demand is dependent on strong EV growth.
China is leveraging on low lithium and battery costs to leapfrog its Western rivals in the EV space. They have no interest to want to see lithium prices returning to previous prices.
Yes, at some stage battery surplus inventory would be drawn down as EV growth continues and so lithium prices would have to move higher. But at the same time, we can only believe that the Chinese would be seeking new lithium supply sources from SA, Africa while accelerating research on their battery technology to arrive at better range with lower costs, with perhaps less lithium (unless they remain cheap).
------------
The fact that Ganfeng, a player who is involved in brines and hard rock, states that its expansion focus will be brine-based lithium production, confirms that Li from brines, if well operated, are be at the low end of the cost curve and capable of producing BG Li Chemicals.
https://x.com/D_Jimenez_Sch/status/1244967899674152963?s=20
- Forums
- ASX - By Stock
- LTR
- Lithium Related Media Articles
Lithium Related Media Articles, page-21843
-
- There are more pages in this discussion • 2,355 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
|
|||||
Last
75.0¢ |
Change
0.025(3.45%) |
Mkt cap ! $1.818B |
Open | High | Low | Value | Volume |
73.5¢ | 75.5¢ | 73.0¢ | $8.192M | 11.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 825699 | 74.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 321345 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.745 |
11 | 268647 | 0.740 |
5 | 157789 | 0.735 |
10 | 175146 | 0.730 |
11 | 200827 | 0.725 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 179675 | 4 |
0.755 | 170127 | 8 |
0.760 | 58800 | 2 |
0.765 | 15000 | 2 |
0.770 | 26464 | 7 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online