You're right, the world has plenty of Lithium. But Lithium aint Lithium (oils aint oils) - but that's another in depth conversation.
It takes 7 to 10 years to develop a Lithium mine -there is no quick fix to the shortage.
If you still need convincing take a look at this...breathtaking supply deficits for many years. Not many bubbles last for decades, this is no "bubble"
You're right, the world has plenty of Lithium. But Lithium aint...
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Last
$115.87 |
Change
-0.040(0.03%) |
Mkt cap ! $43.01B | |||
| Open | High | Low | Value | Volume |
| $117.00 | $117.55 | $115.65 | $140.9M | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | $115.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.08 | 195 | 4 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |