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jortexx

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22/04/18

09:39

Post #: 32610481
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Originally posted by Boldfinger ↑

I'm afraid I can't subscribe to this point of view and I wonder if they have really taken into consideration the booming demand for lithium in places like China and India. I was working in China back in 2008 and anyone who couldn't afford a car had an electric bike though most cars were still petrol powered. With the Chinese government and other governments actively promoting EVs, I think the demand for lithium and EVs will grow almost exponentially in coming years. The scale of demand is almost unimaginable with everything from trucks, cars, bikes, electronics, power tools etc all turning to lithium electric power, the demand is going to skyrocket. Lithium bubble you say? Pffft I don't think we have even seen the start of a bubble. Why else would the Chinese be so interested in the AVZ resource, they can see the writing on the wall IMO.
You can't begin to imagine the population in China unless you've been there, it is staggering.
I don't see the demand for lithium slowing for at least the next 20 to 30 years, quite the opposite IMO.
Lithium power stands to dominate all other transportation energy needs in the coming years.
I've been topping up and averaging down this past week and IMHO I don't think it's possible to lose on AVZ medium to long term.
Of course you should always DYOR, and there are risks, but I can't see dropping demand for lithium anytime in the next two decades regardless of how much lithium is being produced.

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Just wanted to point out how wrong some people are about the importance of white oil.

AVZ Price at posting: 23.0¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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Running discussion on SP, page-1739

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