OTCQX:NTTHF - Post by User
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LithiumNPVon Jul 13, 2020 6:23pm
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Post# 31262757
RE:RE:RE:RE:RE:Looks like a feeding frenzy
RE:RE:RE:RE:RE:Looks like a feeding frenzyneosceptic wrote: JMark80 wrote: All the lithium juniors have gone up, look at American Lithium! Doesn't have anything to do with the price of lithium, which can't be considered very cheap.
The price of Li is very stable on very low level. The rally is plugged to Tesla's rally. They are selling more than expected at prices that are lower than expected. Consumer sentiment maybe changes and there is less range phobia than ever, especially since long distance car travel is less popular now.
We may have a second wave. Elon Mask had announced that on September 22 they will reveal new battery. I am sure it will be Li-ion one. If it is commercial solid-state, then industry will demand a lot more Li.
There is an oversupply, has nothing to do with Elon Musk per se.