RE:LI pricingGoodtoreadthis1 wrote: It is about time for Goldman Sacks to issue an opinion piece telling all of us that LI prices are headed much lower. Tesla is trying to maintain or increase EV market share by lowering prices. Lower EV prices infer that batteries will be less costly -hence LI prices will go down keeping the batteries in line with EV prices.
2 current producers -Pilbara and Allkem are part of my holdings, Both companies are careful spenders of their dollar bills and both are AGGRESSIVELY expanding their production efforts. Do you think that as their supply increases. LI prices will decrease ? Unlikely because of what Pilbara CEO Ken Brinsden did to the Chinese when the normal Chinese buyers who were also investors in Pilbara offered meager payments for Pilbara LI. Ken put Pilbara's Li up for world wide auction and the prices boomed higher. That is the ace in the hole that Goldman Sacks will ignore.
Perhaps Laperriere got an ear full over his last comments to a shareholder.