LRS General Discussion, page-18624

I know a lot of you are concerned about the current low Lithium price. We need to take a long term view. The current demand for Lithium is around 1000 metric tons. This is predicted to triple to 3 million metric tons by 2030. I personally think this is an underestimate. I believe there will be a marked increase in EVs and home battery demand (eg Powerwall) is going to be huge. The current low price is working in our favour. A lot of our competitors are shutting up shop or on a 'go slow'. This will effect the demand:supply and work in LRSs favour. We will go into production in 2026-27 and I suspect this will be an ideal time to catch the wave of rising Lithium prices. Nothing is guaranteed in this world and trying to predict the stock market is a difficult game. However I think the prospects long term for LRS are excellent. We just need to keep the faith and hang in there.