Running Commentary on the SP Movements., page-9612

AVZ this was great research and sums up the situation.

1. mineralised
   
   1,434 posts.
   Date:
   05/08/17
   Time:
   14:32:30
   Post #:
   26311917
   All the thinking is around 1% EV penetration and a 250ktpa LCE market, when at 100% penetration we could be looking at a 5.6mtpa LCE market (20x), at which point at that rate of consumption we would have approx 6 years of known spodumene resources left after considering processing losses, and assuming half the market supplied by brine sources.
   
   With this in mind there absolutely will be a resource grab by manufacturers to secure pricing and supply which no one is considering.
   
   After seeing China Moly / China Bank acquire 80% of Tenke (the worlds best cobalt/copper resource) for Us$3.8B, and then seeing Shanshan and China Moly agree to find lithium sources, then seeing SQM jump into a hard rock operation as part of a "low cost strategy" I snapped out of all the mediocre pessimistic armchair analysis and realised this is happening, the shift is happening and Manono will be part of the story, too big, too high grade, too potentially low cost (with enough capex), to ignore.
   
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