Morgan Stanley got it wrong on lithium over-supply, says this mining boss.
Hi regal, It was great to wake up to this headline story today. Good on this mining boss for calling it wrong on this lithium over-supply issue. He is in the industry, and giving a voice to what we have all known and discussed here for a long time. With Tesla and BYD already needing to secure the world’s supplies of lithium each year for EV/battery storage, and other consumables targets, then how many other companies would also need to be consuming global supplies also.
Good to see sector sentiment changing, LIT ETF rising, shorts dropping, and a nice lift in the share price yesterday. Ready to see what eventuates in Q4 for Galaxy.
GXY Price at posting:
$2.54 Sentiment: Buy Disclosure: Held
Good on this mining boss for calling it wrong on this lithium over-supply issue. He is in the industry, and giving a voice to what we have all known and discussed here for a long time. With Tesla and BYD already needing to secure the world’s supplies of lithium each year for EV/battery storage, and other consumables targets, then how many other companies would also need to be consuming global supplies also.
