Spearmint Resources Inc C.SPMT

Battery prices

[goldopahead]

The rumours about battery prices are starting to seep down into the retailers. I just got an unsolicited scoop that battery prices will be rising sharply in the next six months.

These days such dubious suggestion needs confirmation, but I can't rule out the poissibity with China-US relations looking to go from bad to worse. So betting against lithium prices spiking is looking quite risky.

Take your own precautions.

take care
rwmccoy

[KnockOutPnch666]

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[goldopahead]

So this article about high-quality lithium supply becoming problematic is misleading? https://www.utilitydive.com/news/battery-makers-face-looming-shortages-of-high-quality-lithium/580482/#:~:text=Despite%20material%20shortages%2C%20lithium%2Dion,lithium%20raw%20materials%2C%20panelists%20said.&text=The%20build%2Dout%20of%20supply,financial%20markets%20from%20COVID%2D19. or is it? take care

[KozmoT]

LOL, I know for a fact you never read past the headline of that article !! "Despite material shortages, lithium-ion markets are taking off and supply problems will not result from a shortage of lithium raw materials, panelists said. "

[goldopahead]

Perhaps you should pay more attention to the demand side of things. And read a little more carefully yourself. 'The desire both for vehicle electrification and energy storage in a cleaner power sector has not been diminished by the pandemic, according to Jacqui Murray, deputy director of Innovate UK’s Faraday Battery Challenge, a government fund to invest in the development of new battery

[KnockOutPnch666]

This post has been removed in accordance with Community Policy

[KozmoT]

LOL, battery prices might go up but it sure as heII has nothing to do with lithium price. Do a little research.

[ErinBrockovich]

This is bunk. Lithium prices have collapsed. Countries like Chile make it it very, very cheaply. Very difficult to compete. Lithium is not the place to be. Perhaps in 3 or 4 years, when the economy recovers some traction. But certainly not now. SPMT trying to spin themselves as a lithium player is laughable in my opinion. Gold, silver. Thats where they need to be. But, oh wait, the have not