RE:RE:RE:Building Thacker Pass mine is a waste of money ...There is no doubt that lithium is as hyped as AI and Blockchain and you missed lithium from seawater which is basically endless supply but"
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The cost of producing concentrate at hard-rock lithium mines is generally lower than that of producing lithium chemical products from brines. In 2019, the average total cash cost across 11 operating hard-rock producers is expected to be US$2,540/t LCE, which compares with US$5,580/t LCE across nine brine operations. The most significant cost component at hard-rock mines is labor, which will make up almost 30% of total cash costs in 2019, compared to just 9% at brine producers. This is a result of the relatively high wages paid in Australia, where seven of the 11 hard-rock assets are located. Labor accounts for a lower proportion of brine operations' costs because of the comparative lack of personnel required to extract the resource out the ground, which is done via extraction wells, compared to conventional mining techniques. For brine assets, the biggest cost component is reagents for the downstream processing, which we forecast will account for 36% of total cash costs in 2019. These reagents are primarily sodium carbonate and lime, which are used to remove contaminants and precipitate lithium carbonate out of solution. I think LAC is a decade ahead of Nili and I think they both have losts of downside I have zero love for either and see lots of shorters smiling I hate commidity stocks as they always over react to price changes
That said there is a massive market but also masive supply coming onliine . These stocks will make shorters and swing traders losts of money
bogfit wrote: "Should I mention that solid state batterys (sic) are made with lithium..."
Sure, that's appropriate. Equally important is a global lithium "budget" showing demand, uptake, and supply. While you're at it, please include data showing the lowing cost of lithium production from hydrothermal brine, the future price of lithium, and the revised FS for Thachter Pass at now substantially lower prices.
Really nothing more than any lithium invester should already have in their DD.
Down another 5% today.
b.