If Jan 2022 EV sales is inline with EV sales of Jan 2023 they is a surplus Lithium production.
Consider the increase in Lithium chemical production since Jan 2022 to now hence the current downward trajectory of Lithium players (explorers, developers, producers and refiners)
Going forward one year, consider the number of people in middle and higher income earners who will lose their jobs globally, these people are unlikely to buy a car EV or ICE for a year.
Will spod fall to $300 unlikely (yes SC6 was $300 a DMT 3 years ago) but $3,000 to $4,000 is a possibility during the bottom.
Of course its all timing come 24/25 we will likely see a demand surge but that is not today or near future.
EV sales are not linear and mid level EV are effected more by macro conditions as it is still more a "luxury" item.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-1212
-
- There are more pages in this discussion • 2,912 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 92465 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 20810 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |