You have answered my friend ..... "lithium need recover this year... if they don't,90 percent of mines will be closed..."
If 90% mines will be closed then how will you meet the Lithium demand?
Check out the recent performance of US battery stocks. And answer why Lithium battery stocks are up so much? Because everyone is talking about their high use in Rockets, AI Data centers, Robots (Tesla) and Drone (Stock code JOBY, ACHR) in future.
If you got time check out BHE Renewables's (Berkshire Hathaway Energy) recent job advertisement on their Linkedin page. They are aggressively positioning themselves providing energy to AI Data Centers. Just yesterday Microsoft has announced spending of $80bn on AI data centers in 2025. Phoenix can actually build Geothermal Power Plant to support heightened energy demand. Check out price movement of GEV (market cap US $97 billion) and VST (Market cap US $55 billion)
As per report, ChatGPT requires 10 times more energy than Google. Hence, AI boom require multifold energy consumption by 2030. BHE Renewables owns 10 geothermal power plants in Southern California's Imperial Valley. So, Phoenix has dual advantage - Power + Lithium. Do not compare Phoenix project with PLS.
Also, Imperial Valley Gigafactory will be one of the largest in North America, with a battery production capacity of 54GWh. I don't know PLS and MIN will have a Gigafactory around their plants.
