No, watch the video. His point is that lithium only represents 2% of the value of an EV. So the thesis is the car manufacturers will pay whatever they have to to get it. As such a small % of the total cost, it can increase dramatically without jeopardizing the tech.
Personally I'm not convinced it will happen, and I wouldn't rely on it when doing valuations/making buying decisions. I won't complain if it does.
Good idea regarding the thread @bugeye23. It's good to keep these discussions separate.
No, watch the video. His point is that lithium only represents...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $6.399K | 2.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 164 | 140572823 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 71836639 | 48 |
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| Last trade - 12.54pm 24/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |