“It would take much higher EV penetration rates (from around 1.6% in 2018, to around 13.7% in 2025, versus MS estimates: 9% penetration for 2025) to offset these surpluses and balance the market, in our opinion.”
hmmmmm... interesting...
Remember MS stated in its article that it would take 31% BEV penetration in 2025 to consume this expected extra 500,000 tpa production....
There's a BIG difference between 31% BEV and 13.7% EV penetration...!!
Bunch of jokers at MS, UBS etc don't know what they're on about imo.
The rubbish continues to smash the sector today though.... I thought it may have been contained to the general one-day drop (figured the punters weren't going to be fooled again after Lithium scare 1.0), but it turned down again hard today..? Perhaps a market-wide crappy day to blame for today..? I dunno.
Hopefully the Argosy ship will be buoyed by some exxxcellent news in the coming weeks! bring it on!
AGY Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
