RE:NLC's Investor CATL & Tianqi Lithium Newstiger2201 wrote:
China's booming electric car market prompts lithium producer and battery assembler to raise funds for expansion
https://finance.yahoo.com/news/chinas-booming-electric-car-market-093000283.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
tiger
Most impressive statement in the arcile is that Li consumption was 5 fold over the last year.
Today New York pass law baning ICE by 2035.
Here is clip from Mining.com article (yesterday edition):
In a recent analysis, IDTechEx acknowledged that, back in 2011, its ‘bullish’ forecasts of 1.5 million new EVs hitting the roads by 2021 were a massive underestimation as, ‘once the future arrived,’ sales of electric vehicles are on track to surpass five million units this year — counting only passenger cars. 10 years combined production of 1.5M (150K/year) was considering "bulish" 10 years ago.
5M this year production smashes "bulilsh" forecast by 40X...
This was not "massive understimation" the forecast was an emaressement, probably done by smart people. It is hard to preduct future.
But some hit 10. About 15 years ago, I've read an article in Fortune (made a cover page), named "Saudi Arabia of Lithium" - about SQM. At that time prices of Li dropped, but article (wrongly) forcasted success of coming Volt and recovery of Li prices all the way to.....2000/ton. They were right for s-t recovery and l-t trend.
It got my attention and since then, I invested in SQM, LAC, and now NLC.
I lost on some other investment, but Li proved to be new gold, all three proved to be one of the best decisions and NLC still has excellent potentials.