Lithium is a part of life....18 Feb 2022 08:07
I intend to hold this for 5 years minimum regardless of people talking the stock down.Lithium is throughout my house,cordless drill,cordless garden tools, even my damn mountain bike is hooked up to a pair of Li batteries.Even with recycling ,there is so much wasted Li sitting in peoples sheds that this stuff will dwindle.Supply is not going to meet demand,simple fact.So as long as we have a pit full of it,this is worth money.
According to S&P Global Market Intelligence, lithium chemical supply is forecast to 636,000 mt lithium carbonate equivalent in 2022, up from 408,000 mt in 2020 and an estimated 497,000 mt in 2021.
This was forecast by MI to be met by chemical demand of 641,000 mt LCE in 2022, up from 342,000 mt in 2020 and an estimated 504,000 mt in 2021.
The ensuing forecast deficit of 5,000 mt LCE in 2022, compares with a surplus of 66,000 mt in 2020 and an estimated deficit of 8,000 mt in 2021, with MI saying the ongoing deficit was expected to allow prices to remain strong in 2022.