With Exploration... absolutely true. In WA, you could stick your finger into the ground almost anywhere and find a dyke.The problem with lithium shares is that there is lithium everywhere.
Maybe that was intentional
There's got to be only one way Lithium is heading as a commodity and that's north. A lot of prospects for lithium as demand grows. Hear on the news constructing new mines here in Australia...Check out Report from Fat prophets;
Lithium; short-term noise long-term poise
The debate on global warming has now just about passed, with the verdict that the use
of carbon based energy sources to generate the worlds’ current and future energy needs
is causing harm. As a result, the emergence of winners and losers in the energy complex
is slowly starting to take shape, which will see the more traditional energy sources
moving away from centre stage and be replaced by new age energy sources. Right
throughout this period and beyond one thing is certain, the world will still need to
generate energy.
One commodity in lithium, has stepped into the energy complex mix in a major way
over the past six years. This early step up by lithium has been driven by the auto
industry, as it now moves away from carbon powerplants to carbonless powerplants for
mainstream production lines. The following pie charts shows the forecast impact of this
swing on the demand for lithium out to 2030:
View attachment 142663
The demands on lithium from E-transportation, primarily, reached 306,000 tonnes in
2020, with the electric vehicle (EV) sector making up just 44%, of the demand for
lithium. As Members can see from the above charts, E-transportation in just nine years is
forecast to expand to 86% of lithium demand and push traditional markets back to just
10%. In lithium tonnage terms, the forecast for 2030 stands at 2.4 million tonnes, and
equates to a compound annual growth rate of 23.6%. Under this growth scenario, by
2030 there will have to be some 39 Allkem size producers spitting out lithium.
Lithium carbonate prices in China were at 472,500 yuan/tonne in early June, rising from the three-month lows of 457,700 that held through May amid a rebound in demand projections as strict Covid lockdowns in Shanghai were relaxed. As cases were seen lower in major Chinese cities, investors ramped up bets that electric vehicle manufacturers will return to increased capacity after lockdowns halted auto production during April, as lower demand during the period saw new energy passenger vehicles plummet 40% when compared to March. Despite the blip during the start of Q2, carbonate prices remain nearly 70% higher year-to-date on the back of a global effort to reduce carbon emissions, while gasoline prices are at all-time highs. To match the soaring trend in the industry, Beijing called for an increase in output from lithium smelters and miners to relieve the rally that saw prices reach record-highs of 497,500 in March.
Lithium - 2022 Data - 2017-2021 Historical - 2023 Forecast - Price - Quote - Chart
Lithium carbonate price in China rose to a record-high 500,500 yuan/tonne in September, soaring 80% year-to-date as surging demand coincided with lower supply. Data from the the Shanghai Metals Markets pointed to a 108% surge in carbonate imports in China, as the rebound in economic activity...tradingeconomics.com
Possible, but I'm betting there's still a bit to go as they get held back by the rest of the market.Today's news of the 8% investment in Vulcan Energy (VUL) by European carmaker, Stellantis has fired up interest in lithium once more. It'll be interesting to see if this demand continues. Have we seen the bottom for lithium stocks?
“Supporting a tax that ensures lithium imports from China are less expensive for auto manufacturers to secure will devastate this promising Californian industry before it has begun,” said Rod Colwell, Controlled Thermal’s CEO said in a statement.
Good evening basilioExcellent analysis of Chiles role in the supply of Copper and Lithium both of which are in high demand for electrifying cars and industry.
Mineral rush: How Chile's mega mines are critical to our electric future
Mineral rush: How Chile's mega mines are critical to our electric futurenews.sky.com
Ms Denholm said Tesla expected to need more than 3 terawatt/hours of batteries for its worldwide electric cars and battery storage fleet by 2030, which is triple the total industry output of 1 TWh today.“I can’t think of a technology that is more important than lithium-ion batteries right now,” she said. “The world cannot build battery cells fast enough. It may be the rate-limiting actor for tackling climate change.”
Lithium stocks are among the biggest movers on the Australian sharemarket and in the materials sector.
Lake Resources in the S&P/ASX 200's top performer, up 10.5 per cent to $0.89, while Allkem roars 4 per cent to $11.72.
Core Lithium is up 2.6 per cent to $1.19 and Pilbara Minerals edges 1.6 per cent higher as it also announces that Dale Henderson will join the company as its new CEO, following the departure of Ken Brinsden at the end of July
The lithium companies are all outperforming the broader materials sector, which is up by 0.8 per cent.
The other issue is that many lithium processors and battery makers are in China, which carries a political riskLithium price hitting new highs. Rapidly increasing demand expected to create supply deficits and high prices into the foreseeable future.
But simply having lithium assets won't be enough. Too many companies are dipping their toes in by acquiring tenements but are not developing mines fast enough. The race is on to get the lithium out of the ground and into the market.
Lithium demand is poised to create a supercycle of supply deficits and lasting high prices - InvestorNews
The past two years has seen lithium prices rise about ten times from US$7,000/t to US$70,000/t both for lithium hydroxide and carbonate. Meanwhile, the lithium spodumene price has enjoyed a similar 10 fold increase from US$500/t to US$5,000/t. This has been caused by EV sales booming, resulting...investorintel.com
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