I was thinking exactly that, unfortunately, there hasn't been a lot of evidence of this in the past.
In economic terms, lithium is a substitute good for oil. If the price of oil goes up then the demand for oil should go down and the demand for lithium should go up. I think because lithium for transport is such a small segment of the market right now that the two aren't yet considered substitutes for each other, but they will be at some point. One full-on oil crisis and they will be.
- Forums
- ASX - By Stock
- AKE
- Saudi Arabian oil crisis boost for Lithium
Saudi Arabian oil crisis boost for Lithium, page-5
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online