More than 1/3rd of world's LI supply
potentially going - off line- just as demand for LI begins to expand greatly due to EV production growth.
"Water has become a key sticking point for the expansion plans of both SQM and top competitor Albemarle , both of which operate in the salt flats of the Atacama, the world’s driest desert, which supply more than one-third of the global supply of lithium needed for the batteries that power electric vehicles."
So a potentially large drop in supply meets a potential large increase in demand means what in terms of market price for LI ? The words in quotation are from the published report about the court decision against SQM.
More than anything else what this means is ---each of us should hold our shares of AJM tight.
"Water has become a key sticking point for the expansion plans of both SQM and top competitor Albemarle , both of which operate in the salt flats of the Atacama, the world’s driest desert, which supply more than one-third of the global supply of lithium needed for the batteries that power electric vehicles."
So a potentially large drop in supply meets a potential large increase in demand means what in terms of market price for LI ? The words in quotation are from the published report about the court decision against SQM.
More than anything else what this means is ---each of us should hold our shares of AJM tight.
