Hi,I don't know why some analysts are getting paid and what...

Hi,

I don't know why some analysts are getting paid and what for?

The Goldman guys have no idea what they are talking about.

The battery manufacturer are demanding the materials not the car manufacturers. There are plenty of battery giga factories currently built or planned in Europe and the US. They have to deliver to car manufacturers the promised number of Gigawatts.

It takes about 2 years to built battery giga factory. It takes around 8 years to commence a new Lithium mine.

The spot market is extremely tight because most newly produced Lithium is spoken for through off-take agreements. (I am sure that in particular Tesla will pounce with agreements to buy more lithium from miners instead of starting their own mining operation. Tesla's battery factory Berlin will be the biggest in Europe.)

Does anyone really think that the battery manufacturers wait until the factories are completed when battery manufacturers start looking for Lithium, Cobalt or Nickel.

Would you let the price drop to predicted lows to play catch up when prices rising sharply in 2024?

Strange analysis and conclusion by Goldman.

Let's see who is correct.

Thanks

K