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Phoenix Water - PXW - Lithium - 100x, page-1778

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ausinvestor01

382 Posts.

13

07/05/24

22:12

Post #: 73713564
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Originally posted by chuk: ↑

"Unfortunately guys and gals, it’s just not the greatest time to be selling something"

This is from a NI newsletter. Not the best source of stock picks but the following is probably about right.

" The US Inflation Reduction Act incentives will be coming into play over the next 4-6 years.

We expect buying decisions from the big carmakers to slowly shift toward US domestic supply.

Starting this year, the US Inflation Reduction Act requires that EV manufacturers source 40% of critical battery minerals domestically…

OR with free trade partners by 2024 and ~80% by 2030.

Partly due to the US IRA policies, price reporting agency, Fastmarkets, recently forecast ~500% growth in US lithium demand through to 2030.

So it's a good time to be proving up large lithium resources in the USA. "

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Fire up Chuky!!
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