RE:RE:RE:RE:RE:INSIDERS STILL BUYING AT $1.25 See... Lithium is really plentiful in the world... and the demand by 2025 would max be about 1MT... There are too many systemic constraints for eVehicles or Solar/Uranium power to grow faster necessitating the demand for more batteries.
At the current prices, PLU can even easily produce 200,000 tpa bcos of the huge margins... same is the case with Li Am and plenty of others. So we are going to have a flood of lithium coming into the market over the next 3 to 5 years that will drive down prices... I think we should be happy with $7000 and PLU will have good margins even at that rate.
Ofcourse the primary cost for all these guys would be H2SO4... if for some reason that doubles, then Lithium prices would have to stay high... notwithstanding that scenario, Li prices will come down.
& yeah agree that PLU will be a big big winner.
Wever1974 wrote: Simon Moores from Benchmark minerals has a tweet out yesterday
suggesting high prices for a long time to come. I tend to think
once all the megafactories ramp up could see high prices by
early 2020s. Definitly not much lower . Obviously lower
AISC the better. Received a note from my broker stating
PLU going to be a “Big Winner “ Sprott Global