Running discussion on SP, page-61442

The writing was always on the wall Frank.

*Here's some more in plain English, not Greek, easy to understand / comprehend

As,

Lithium carbonate prices in China were 272,500 yuan/mt the end of December, marking a 486% surge in 2021, amid rising global demand and supply difficulties.

As the world transitions towards a greener economy, manufacturers raced to secure lithium supplies, the key input for batteries powering electric vehicles.

Global electric vehicle sales are estimated to have increased by 160% during 2021, while deliveries in China are expected to double in 2022 to over 5 million sales.

To add, bets on scarcity led manufacturers to prefer long term contracts, as lithium miners face opposition from environmental groups.

In November, mining giant Rio Tinto PLC pledged USD 2 billion to develop lithium mines in a Serbian depository, but backlash from protesters led local authorities to momentarily suspend the land-use plan for the mine.


https://tradingeconomics.com/commodity/lithium




*To remind,

The global energy market is undergoing permanent, structural change, away from fossil fuels, towards renewable energy and electrification.

 Green business, technology, government policies and investment are driving the energy transition forward, which is, in turn, reshaping the commodity markets we cover.

Without commodities such as copper and nickel, there will be no energy transition.

For the companies that extract and produce these energy transition materials, their critical role in meeting the world’s climate goals presents new risks and new opportunities.

Growing electric vehicle demand triggered boom-bust-boom cycles in lithium and cobalt markets.

Advantage goes to those best able to understand supply chain dynamics and market and price signals to anticipate the market.

www.fastmarkets.com/energy-transition



















Food for thought on the Road to Mining Manono

Happy New Year Space Rangers

Cheers

Frank