Post by
neosceptic on Feb 18, 2021 1:29pm
week of Li price stagnation
Result - 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..
Comment by
Tomonomics on Feb 18, 2021 3:26pm
LI prices stagnated at about the same level on the way down, so maybe there is some mechanism at work. (not that I know what that is).
Comment by
tiger2201 on Feb 18, 2021 5:01pm
You know it is Chinese New Year in China, so everything is closed for about 1 week, and things will pick up from next week. tiger
Comment by
WILLYPHISTRR on Feb 18, 2021 8:49pm
Good to know ! Going to keep adding over here this baby going to 20 $ by years end !
Comment by
Greektome on Feb 19, 2021 1:31pm
You've got it right Neo, the biggest attraction to NLC for me is all about the timing. It's the best project at the right phase. $$ in place for the DFS, CATL, management, the list goes on and on. The KEY to a huge valuation is as you mentioned, THE PERFECT STORM, so far it's right on track.