GS just want to get cheaper price from the market.I feel sorry...

GS just want to get cheaper price from the market.
I feel sorry that people sold yesterday.
Lithium never enough.
FYI

Energy companies are showing excitement for lithium, often referred to as white gold, just as they showed great enthusiasm for oil in its heyday, well aware that it’s going to be part of the vehicle revolution of the future. Argentina is suddenly attracting worldwide attention for its lithium resources, needed to meet the rising global demand for battery production as the electric vehicle (EV) uptake soars.

The global demand for lithium, and other vital resources for EV production, is expected to continue increasing over the next decade, as governments halt the sale of vehicles with internal combustion engines and encourage the shift to EVs through subsidies and tax cuts. However, the price of the highly sought-after metal has increased by around 500 percent over the last year, meaning that the availability of lithium is lagging behind battery and EV production. Analysts from the Macquarie Group Ltd. are now suggesting the possibility of “a perpetual deficit.”

The huge push by governments to switch to EVs, as well as a rise in public demand, has led automakers around the world to invest heavily in the development of a plethora of EV models to suit all needs. The EV market has seen greater investment than even wind and solar power in recent years, viewed as a major contributor to the reduction of global carbon emissions.

However, the rise in lithium prices means that the metal used in EV battery production could push prices up by as much as $1,000 per vehicle. This comes at a time when car manufacturers are trying to reduce EV costs to make them more marketable. If there is not a rapid increase in lithium mining, it could significantly hinder government aims for a clean energy transition.

This month, a gathering was held in Buenos Aires for 400 mining executives and political representatives to discuss the future of Argentinian lithium. Industry majors such as Elon Musk showed interest in lithium mining for Tesla batteries. Meanwhile, Chinese and American firms entered into a bidding war, while the Anglo-Australian Rio Tinto group and China’s Zijin Mining Group Co. committed $1 billion to the Argentinian industry.