Australia's largest stock trading and investment forum Australia's #1 stock forum

LPI

Click for more information

0.00%

56.5¢ lithium power international limited

LPI's true valuation, page-39

First 39 Last

Share
Profile

Follow
LT_Investor

4,347 Posts.

488

15/01/19

20:44

Post #: 37124725
Share

Originally posted by Cassandra: ↑

JP Morgan doesn’t say that Li will replace Cu in the Chilean economy, quite the contrary. It only says Li could be as important as wine, salmon or forestry:

... although lithium will not replace copper in the near future, it could provide a source of diversification for the Chilean economy, which is highly dependent on the red metal", said the firm in a report sent to clients.
In this context, the Bank highlighted expectations of government agencies, including Corfo, that this industry "has the potential to become a valuable subsector of the Chilean economy, reaching exports values close to the of the wine, salmon, or forestry industries.
"In this context, lithium has been gaining importance in the Chilean economy, considering that in 2010 the metal represented only 0.24% of the total Chilean exports, while in 2018 that number has increased to 1.26%".

Expand

why highlight the text in red? You havent read the full sentence to understand the full context.
2010 represent 0.24% however EVs start to catchup.
The article suggests that Chile will need to invest much more into lithium rather than rely on copper.

LPI Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

First 39 Last

Add LPI (ASX) to my watchlist