A little bit of history for those not old enough on here to see a few similarities in Dot Com era. Mid 90’s to early 200’s and its bubble burst . To today’s Lithium problems
The Tech bubble was unbelievable, there was Capital for every thought they could conjour up regardless of the merits of its technology. Stock valuations fueled by investments in Internet-based companies during the bull market in the late 1990s. The value of equity markets grew exponentially during this period, with the technology-dominated Nasdaq index rising from under 1,000 to more than 5,000 between the years 1995 and 2000. Things started to change in 2000, and the bubble burst between 2001 and 2002 with equities entering a bear market.
The crash that followed saw the Nasdaq index, which rose five-fold between 1995 and 2000, tumble from a peak of 5,048.62 on March 10, 2000, to 1,139.90 on Oct. 4, 2002, a 76.81% fall. By the end of 2001, most dotcom stocks went bust. Even the share prices of blue-chip technology stocks like Cisco, Intel, and Oracle lost more than 80% of their value. It would take 15 years for the Nasdaq to regain its peak, which it did on April 24, 2015.
Long story but everybody jumped on the Lithium bandwagon and the EV’s taking over the world in a few short years. (Didn’t and not going to happen). EV’s do have a place along with Lithium it’s just not right now. And when the EV industry does become more popular and nothing is on the market as good as Lithium battery’s, Lithium will become more valuable. But will it ever get back to 80K a tonne?
IMHO. No.
E3 trading around 5 bucks in our future? Possibly.
GL
A little bit of history for those not old enough on here to see a few similarities in Dot Com era. Mid 90’s to early 200’s and its bubble burst . To today’s Lithium problems
The Tech bubble was unbelievable, there was Capital for every thought they could conjour up regardless of the merits of its technology. Stock valuations fueled by investments in Internet-based companies during the bull market in the late 1990s. The value of equity markets grew exponentially during this period, with the technology-dominated Nasdaq index rising from under 1,000 to more than 5,000 between the years 1995 and 2000. Things started to change in 2000, and the bubble burst between 2001 and 2002 with equities entering a bear market.
The crash that followed saw the Nasdaq index, which rose five-fold between 1995 and 2000, tumble from a peak of 5,048.62 on March 10, 2000, to 1,139.90 on Oct. 4, 2002, a 76.81% fall. By the end of 2001, most dotcom stocks went bust. Even the share prices of blue-chip technology stocks like Cisco, Intel, and Oracle lost more than 80% of their value. It would take 15 years for the Nasdaq to regain its peak, which it did on April 24, 2015.
Long story but everybody jumped on the Lithium bandwagon and the EV’s taking over the world in a few short years. (Didn’t and not going to happen). EV’s do have a place along with Lithium it’s just not right now. And when the EV industry does become more popular and nothing is on the market as good as Lithium battery’s, Lithium will become more valuable. But will it ever get back to 80K a tonne?
IMHO. No.
E3 trading around 5 bucks in our future? Possibly.
GL