OTCQX:NTTHF - Post by User
Post by
neoscepticon Feb 18, 2021 1:29pm
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Post# 32597183
week of Li price stagnation
week of Li price stagnationResult - decline in s/p. After impressive 50% gain in price Li maybe reached plateau. Lately, we see new infusion of capital into the industry, of course part of it speculative. Their hope that it will grow higher did not materialize.
Until FS completed, financing obtained, NLC s/p will heavily depend on external conditions.
Nobody will be surprised if Li price will even, temporarily, decline.
In our case, demand will be the key. The supply of EV is on acceleration:
https://www.marketwatch.com/story/ford-accelerates-toward-an-all-electric-future-in-europe-as-part-of-its-22-billion-ev-investment-11613568807?cx_testId=3&cx_testVariant=cx_2&cx_artPos=6#cxrecs_s
Another good news comes from Norway - a flagship of EV transition. 54% of all vehicle sold is EV and most important, despite growth in sales, Tesla is second best after VW.
Dependancy on Tesla is slowly getting broken.
With NLC, again, despite a sizable gain, patience will be the key. Demand for Li is going up and NLC development is not visible (it is in hand of engineers now), but it will be soon.
I hope for "the perfect storm". High Li prices and NLC shipments to CATL..