Interesting report - Very similar to the lithium bubble26 Jul 2020 11:42
I am sure many will find the comparrisons of this article and the 18 months of lithium mega trend and final burnout as the realisation that $20,000pt was too expensive and take up was much much slower than the lithium bugs had predicted. Yes China blew the competition away through buying up the global supplies but looking now at lithium companies sp's , you would be well down even after 12 months of sector drop and some large companies selling assets to cover the losses which were promised but did not appear. Those who made the early money there will back up that info. I did have comms with to CEO' in Oz who had lithium mines and said hold buy hold hold and as the sp's crept lower and lower and the majors like VW and Daimler sat waiting and waiting with physical contracts on the table for offtakes that they just didn't sign off on, China just kept buying up supply and now have 73% of all lithium battery production market. One EU Lithium mine is and should already be in production to supply the EU but infighting, threats from EU member to EU member on one gaining advantage over the other and a general F up from the EU in general and yes the mine site just sits there still 4 years later doing nothing. All the promises and money in the world can sometimes not be enough. Be careful of what is promised and on here be aware of tips and promises from people who actually know even less. DO NOT BELIEVE A WORD I SAY, but do go and do some research on it and make your own mind up. Easy to lose money , very much harder to keep those gains , unless you are Mr Smith.
He seems to have a 7th sense by selling out of all hydrogen just before this dip. Amazing and well done. Being in the later years would you wonder why a person is still trying to achieve 500,000 to a 1,000,000 after all the years of great insight ? Probably just simple bad luck over 40 years ?
"While a recent report commissioned from Deloitte by the Council of Australian Governments (COAG) has calculated global demand for hydrogen exported from Australia could be almost a million tonnes by 2030, adding up to $11 billion in GDP growth each year by 2050, the government’s hydrogen export projections have been criticized as overblown.
The Australia Institute (TAI) has indicated that anticipated demand for hydrogen in overseas markets had been grossly overstated, by a factor of about 11 in the case of Japan, and similarly for Korea when compared with that country’s government plans. BloombergNEF also recently published a report which emphasized the poor economic case for exporting hydrogen."
Just be careful and fo not fall in love with any share. It is paper not a human.
https://www.pv-magazine-australia.com/2020/07/25/australia-adopts-international-standards-to-shape-its-hydrogen-future/
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