Yes, THE J P Morgan!!!! Caused the massive crash in the entire Lithium industry. In 2018 they said that the price of lithium would HALVE, yet, in this 2019 report https://www.jpmorgan.com/global/research/electric-vehicles they reckon that demand for EVs is going to push prices for materials HIGHER.
Yet, people still believe them by not dumping the crap that they came out with in Feb 2018.
If, as some are claiming, that JP MOrgan caused the 2008 GFC, what will they say when the TRUE story develops about supply and demand and cost of lithium in the not too distant future and possibly causing the greatest cost bubble since the tulip bulb.
ALL car and battery storage manufacturers will be chasing the one product, which, as a result of JP Morgan"s crazy predictions, has effectively stopped exploration companies from exploring and developing new lithium production to meet that exponential growth in supply. The FOMO influence could cause devastation in cost of manufacture and thus cost of product, maybe leading to massive defaults by car manufacturers simply trying to compete with their opposition. There is a definite possibility that we are on the verge of something not seen in our lifetime, an industry forced by the global governments mandated manufacture of EVs when there isn't sufficient material to produce them.
Yes, THE J P Morgan!!!! Caused the massive crash in the entire...
-
- There are more pages in this discussion • 27 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 LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $55.06M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.3¢ | $57.10K | 1.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 2226630 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1067124 | 10 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |