If anyone is worried about an oversupply of Lithium, dont cause crude oil is set to get more expensive. The shipping industry has set targets of 0.5% sulfur content down from 3.5% by 2020.This will mean fuel will have to be refined and there is currently not enough refineries in the supply chain to take care of this.
Also sweat crude will be in massive demand.
Essentially what this mean is if fuel is $ 2 plus a litre, EV's come into play. Interesting how quick times are changing.
https://www.reuters.com/article/us-...for-imo-2020-compliance-woodmac-idUSKBN1KE1I4
If anyone is worried about an oversupply of Lithium, dont cause...
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