RE:Tesla's Lithium MiningHahah that's almost unbelievable, how dumb this is, some weeks ago uranium one ( an experience miner tied to the russian gov. ) said they would take 10% of the lithium market by 2030, LIT made ,5% . Even better Rio Tinto one of the biggest and most profitable mining company announced the 30 july that they would advance their enormous Jada project of Serbia to feasibility with a
200 M investment , LIT gave less than 1% in sympathy with the S&P .
https://www.businesswire.com/news/home/20200730005571/en/Rio-Tinto-progresses-the-Jadar-lithium-project-to-feasibility-study-stage https://www.mining.com/uranium-one-targets-10-of-lithium-market-by-2030/ And yesterday, a car manufacturer with claims in Nevada shook the lithium world, LIT ( -4,8 % ) , because they will
venture into mining with their greenfield and a 'new never did simpler ecoer' method. Wow , I know the guy will probably be able to step on Mars but by saying all this contradictory messages, one day he needs batteries from everyone possible the other he is able to supply himself, he'll end up with battery-less electric car in the near future or his competitors ( maybe that's what it was ;) .
At least we're well finance and this type of short term non-sense don't impact us!
Here's a good paper from someone who plays in dirt for life:
https://www.linkedin.com/pulse/why-i-disagree-morgan-stanley-lithium-matt-fernley/?trackingId=GPDpeC4PTGC8905Nk2ttsg%3D%3D Well, good opportunity, with patience again !