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Tesla is ramping up production of megapacks.This product was on stop because they needed them for cars.Tesla has catl,Panasonic and themselves flat out trying to keep up.The only surplus is them EU OEM car makers can't make EV for sh*t
Ps top line Kodal’s profit even it lithium drops to $2kpt is almost £ 1 Billion so I’m really not fussed! I’d be more worried when certain other CEO were basing their figs on $6kpt. Best to plan for the worst case and overdeliver.
There are differing views of thought on how lithium spod prices will be for the next few years.
Here’s one from Bacanora, forecasting close match for supply/demand.
https://bacanoralithium.com/markets/lithium_market.aspx
But this may be a little biased, on the other hand Goldman’s are forecasting a massive drop in prices. However I don’t trust them, they are known to play the market then all of a sudden a TR1 is released with a Goldman buying that sector’s stock!
Remember kod is forecasting $2kpt and current price is $3.1kpt so plenty of movement has been allowed here, Bernie is a clever cookie.
The lithium required for idiot sticks (vapes) alone is mind bending.
Keep vaping chaps 😄
It's not just electric cars look at the boom currently having on solar installs and its more common now to see the solar backed up by big lithium battery storage due to poor feed in tariffs and high electric cost
Jason, are you also richardkelleywfh?
If you believe that, you're a bit gullible.
That paragraph taken from the Time article is complete drivel, The world will struggle and not be able to keep up with Lithium demand for the next decade. 2 Posts on the account and got nothing but a copy paste from a bad article. Bye bye troll.
Meanwhile the production of all electric vehicles starts to increase exponentially taking up all available battery production eventually leading to a shortfall in supply of batteries so increasing the price of lithium as demand also increases exponentially.
The fear tactics and inflated lithium prices have effectively transformed scarcity into abundance. The global market is on the verge of being flooded with batteries, leading to a significant drop in prices. European battery manufacturers are expected to face challenging times as they struggle to compete against a surge of Chinese "gigafactories".
UK press are in full china bashing mode recently,if they ever succeed in derampingnthe price of lithium or dropping Chinese exports I'll be re mortgaging to buy more stock.look at oil...world was awash with it during COVID,price dropped into the 20s for a barrel..I wish I'd loaded the damn boat...look at it now.think we are a good many yrs away from the same with lithium
It does not matter how many batteries are produced there will be a shortage for at least a decade.You have to look at scale we need about 30 terawatt of cells at moment we a a full magnitude short.
The scaremongering, and some high prices for lithium, the key element in batteries, appear to have worked swiftly to turn scarcity to surplus. The world is about to be awash in batteries, setting the stage for a price collapse and some painful years for European battery makers who will unlikely be able to compete with a wave of Chinese "gigafactories".
Similar comments on Twitter.
Could well be the news we have waited for all this time.
😀👍
Be careful around stehpen11 who sometimes posts on here
He's been spamming other boards moaning about me just because he doesn't like my investment opinions!
So if you give an honest opinion and he doesn't agree with it, you know what to expect. I've reported his posts but I doubt LSE will take any action.
Also let’s remember logistically it’s a right ball ache to get from China to Mali, looks to be around 1 day. Are senior leadership at Hainan AND Fosun really just going for a scoping out visit, I think not.
Lots to look forward to in the coming weeks, months and years including this from the latest RNS:-
"and the Board has longer-term growth plans for the Company leveraging our West African knowledge, our technical expertise and our ability to acquire, explore and develop new exploration projects."
Dear oh dear, some newbies asking when the Chinese will turn up ( although I think its Dazlam back and the other geezer, was it fartjet🤣🤣). Its in the RNS folks some time in September. The AGM is the 29th, so that rules out the 30th and all of the week commencing 25th in my humble opinion ( Ive no substance to this just my mate Watson advising me 🤣).
Also my goldfish Bumbles says the Chinese are landing in Mali on Monday 11th September 2023 at 10.03, but they've booked with Ryan Air, so could land in Zimbabwe and have to cab it to Mali, which is a bind but the flight was only £10.
Mind you I'm still waiting for my Saturday night Chinese takeaway to arrive and I ordered it on Friday 🤣🤣
Who knows ???
What ever will be will be
🍷🍷
Does anyone have information on the expected arrival date of the Chinese in Mali?
Anyone know when the Chinese are due in Mali?
Is anyone allowed to attend the AGM or would I need an invite via my broker (HL) as a shareholder? Thanks
Similar with me. Decisions, decisions.
Sat in eua for 3.5 years watching it dwindle away. Been in here 18 months or so and the Option to get out of eua and go all in here is tempting..
Thanks m1p1
it is at 11:00am on the 29 September 2023 🙈
Yes
AGM 29 September isn't it?