GXY 0.00% $5.28 galaxy resources limited

Silly stuff, lacking credibility ... uranium is a political hot...

  1. 4,055 Posts.
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    Silly stuff, lacking credibility ... uranium is a political hot potato with a tarnished history.

    Lithium ore, despite what you might argue, is essential for the transformation of the battery market, for which the projected growth is huge. BYD just announced a 650% profit increase yesterday, so no point arguing that last point.
    Lithium got ahead of itself, and has swung fully the other way ... it's pretty obvious to anyone with an understanding of economics 101, that if costs exceed sales then supply dries up. If supply dries up, and demand stays the same, despite the fact demand is increasing, then price rebalances.

    Not sure why you'd pretend to argue otherwise, .. apart from being antagonistic to give yourself a little thrill?!
 
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