LTR 3.38% $1.29 liontown resources limited

To buy the other 10%, no just jk. I think you answered your own...

  1. 21,637 Posts.
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    To buy the other 10%, no just jk.

    I think you answered your own question.

    Simply a poser here to steer up positive sentiment.

    Having missed out a takeover, being hopeful of another is the only way people see as promising for LTR to return back to $3 level.

    Germany would more likely look to encourage exploration and development of new lithium mines in EU to secure their own supply chain, makes more sense than buying an Australian mine. In the interim, they could switch their purchase away from China to Australia, maybe yes, but if that happens China would buy less from Australia.

    As for India, EV ambition is one thing, reality is another. EVs need to get cheap enough for the rest of the world to be able to afford them first before India can. And Chinese EVs may be cheap domestically but they sell them a lot dearer in the export market. India wants to develop their own EV market (an aspiration fair enough given the large consumer market there), which is why Modi invited Elon, but Elon has not only ditched India, he is also ditching his current business as a pure EV play (in search of his Robotaxi dream- lots to read from my EV/Lithium thread). Still 3-5 years away from being anything notable.
 
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