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Good morning,

The Motley Fool has published an article on 26/12/22 about five ASX lithium stocks which have been recently rated as buys and tipped to climb meaningfully higher in 2023:

AKE; CXO; LTR; MIN; and PLS

Not holding, have traded all these stocks in 2022 particularly LTR and anticipate will continue to do so in 2023 all going well.
Kindly conduct your own due diligence.

[URL unfurl="true"]https://www.fool.com.au/2022/12/26/5-asx-lithium-stocks-to-buy-in-2023-brokers/[/URL]

[ATTACH=full]150949[/ATTACH]

Resources and Energy Quarterly December 2022 pp146-147 has explained some key facts concerning Lithium and world demand:

Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in
2023 before moderating to US$3,130 in 2024. Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in2022 and US$61,200 in 2023, moderating to US$48,500 by 2024. Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24.

In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in
2023–24.

World demand
Chinese electric vehicle sales remain strong. Rising demand for electric vehicle batteries saw global lithium demand continue to grow strongly in the September quarter 2022. Despite a weakening in global economic conditions, sales and production of electric vehicles (EVs) continued their rapid growth trend. Global sales of all types of EVs increased 40% in the nine months to September 2022 compared
with the same period in 2021 — with Chinese sales up 110%, European sales up 6%, and North American sales up 27%.

Fallout from the Russian invasion of Ukraine and the resulting higher power prices and factory shutdowns saw European sales slow in July and August, before picking up in September. While US EV sales have continued to grow, the North American market remains relatively small. In China, total monthly EV sales reached over three-quarters of a million for the first time in September. Auto production and supply chains in China have recovered from the COVID-19s lockdowns that disrupted industrial output in the June quarter 2022.

Tax incentives and government subsidies continue to support purchases of new energy vehicles, and a number of local governments — such as Shenzhen, Shandong, and Hubei — have also provided subsidies and incentives to encourage EV purchases.

Policies to promote EV uptake have also been implemented in many countries. In the United States, the Inflation Reduction Act of 2022 (with funding of US$391 billion) contains provisions to promote the clean energy transition including significant incentives to purchase EVs.

Global passenger EV sales are expected to continue to grow strongly, albeit at a slower rate than in 2021 — when passenger EV sales more
than doubled to an estimated 6.8 million vehicles. Passenger EV sales are expected to reach over 14 million in 2023. Major global automakers continue to accelerate plans to transition to EVs by developing new product lines and converting existing manufacturing capacity. The global market share for passenger EVs has quadrupled since 2019, with EV sales representing about 9% of the car market in 2021. Strong underlying demand and EV manufacturers’ declarations of further increases in production, imply that EV sales could
reach almost 40% of annual vehicle sales by 2030.

World demand for lithium is estimated to increase from 592,000 tonnes of lithium carbonate equivalent (LCE) in 2021 to 745,000 tonnes in 2022. Over the following two years, demand is forecast to rise by over 40%, reaching 1,091,000 tonnes by 2024. Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium.

In September, the Chinese government announced a continuation of vehicle purchase tax exemptions for new energy vehicles through to the end of 2023. The 12 month extension is expected to cost around 100 billion yuan. Compared to a similarly priced internal combustion
engine (ICE) passenger car model, Chinese government subsidies provide a saving to customers of about 10,000 yuan.

Have a very nice day, today.

Kind regards
rcw1

<blockquote data-quote="rcw1" data-source="post: 1206216" data-attributes="member: 86427">Good morning,The Motley Fool has published an article on 26/12/22 about five ASX lithium stocks which have been recently rated as buys and tipped to climb meaningfully higher in 2023:AKE; CXO; LTR; MIN; and PLSNot holding, have traded all these stocks in 2022 particularly LTR and anticipate will continue to do so in 2023 all going well.Kindly conduct your own due diligence.[URL unfurl=&quot;true&quot;]https://www.fool.com.au/2022/12/26/5-asx-lithium-stocks-to-buy-in-2023-brokers/[/URL][ATTACH=full]150949[/ATTACH]Resources and Energy Quarterly December 2022 pp146-147 has explained some key facts concerning Lithium and world demand:Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in2023 before moderating to US$3,130 in 2024. Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in2022 and US$61,200 in 2023, moderating to US$48,500 by 2024.&nbsp; Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24.In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in2023–24.World demandChinese electric vehicle sales remain strong.&nbsp; Rising demand for electric vehicle batteries saw global lithium demand continue to grow strongly in the September quarter 2022. Despite a weakening in global economic conditions, sales and production of electric vehicles (EVs) continued their rapid growth trend. Global sales of all types of EVs increased 40% in the nine months to September 2022 comparedwith the same period in 2021 — with Chinese sales up 110%, European sales up 6%, and North American sales up 27%.Fallout from the Russian invasion of Ukraine and the resulting higher power prices and factory shutdowns saw European sales slow in July and August, before picking up in September. While US EV sales have continued to grow, the North American market remains relatively small. In China, total monthly EV sales reached over three-quarters of a million for the first time in September. Auto production and supply chains in China have recovered from the COVID-19s lockdowns that disrupted industrial output in the June quarter 2022. Tax incentives and government subsidies continue to support purchases of new energy vehicles, and a number of local governments — such as Shenzhen, Shandong, and Hubei — have also provided subsidies and incentives to encourage EV purchases.Policies to promote EV uptake have also been implemented in many countries.&nbsp; In the United States, the Inflation Reduction Act of 2022 (with funding of US$391 billion) contains provisions to promote the clean energy transition including significant incentives to purchase EVs.Global passenger EV sales are expected to continue to grow strongly, albeit at a slower rate than in 2021 — when passenger EV sales morethan doubled to an estimated 6.8 million vehicles. Passenger EV sales are expected to reach over 14 million in 2023.&nbsp; Major global automakers continue to accelerate plans to transition to EVs by developing new product lines and converting existing manufacturing capacity. The global market share for passenger EVs has quadrupled since 2019, with EV sales representing about 9% of the car market in 2021.&nbsp; Strong underlying demand and EV manufacturers’ declarations of further increases in production, imply that EV sales couldreach almost 40% of annual vehicle sales by 2030.World demand for lithium is estimated to increase from 592,000 tonnes of lithium carbonate equivalent (LCE) in 2021 to 745,000 tonnes in 2022.&nbsp;&nbsp; Over the following two years, demand is forecast to rise by over 40%, reaching 1,091,000 tonnes by 2024. Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium.In September, the Chinese government announced a continuation of vehicle purchase tax exemptions for new energy vehicles through to the end of 2023. The 12 month extension is expected to cost around 100 billion yuan. Compared to a similarly priced internal combustionengine (ICE) passenger car model, Chinese government subsidies provide a saving to customers of about 10,000 yuan.Have a very nice day, today.Kind regardsrcw1</blockquote>

[QUOTE="rcw1, post: 1206216, member: 86427"] Good morning, The Motley Fool has published an article on 26/12/22 about five ASX lithium stocks which have been recently rated as buys and tipped to climb meaningfully higher in 2023: [B]AKE; CXO; LTR; MIN; and PLS[/B] Not holding, have traded all these stocks in 2022 particularly LTR and anticipate will continue to do so in 2023 all going well. Kindly conduct your own due diligence. [URL unfurl="true"]https://www.fool.com.au/2022/12/26/5-asx-lithium-stocks-to-buy-in-2023-brokers/[/URL] [ATTACH type="full"]150949[/ATTACH] Resources and Energy Quarterly December 2022 pp146-147 has explained some key facts concerning Lithium and world demand: Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in 2023 before moderating to US$3,130 in 2024. Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in2022 and US$61,200 in 2023, moderating to US$48,500 by 2024. Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24. [B]World demand[/B] Chinese electric vehicle sales remain strong. Rising demand for electric vehicle batteries saw global lithium demand continue to grow strongly in the September quarter 2022. Despite a weakening in global economic conditions, sales and production of electric vehicles (EVs) continued their rapid growth trend. Global sales of all types of EVs increased 40% in the nine months to September 2022 compared with the same period in 2021 — with Chinese sales up 110%, European sales up 6%, and North American sales up 27%. Fallout from the Russian invasion of Ukraine and the resulting higher power prices and factory shutdowns saw European sales slow in July and August, before picking up in September. While US EV sales have continued to grow, the North American market remains relatively small. In China, total monthly EV sales reached over three-quarters of a million for the first time in September. Auto production and supply chains in China have recovered from the COVID-19s lockdowns that disrupted industrial output in the June quarter 2022. Tax incentives and government subsidies continue to support purchases of new energy vehicles, and a number of local governments — such as Shenzhen, Shandong, and Hubei — have also provided subsidies and incentives to encourage EV purchases. Policies to promote EV uptake have also been implemented in many countries. In the United States, the Inflation Reduction Act of 2022 (with funding of US$391 billion) contains provisions to promote the clean energy transition including significant incentives to purchase EVs. Global passenger EV sales are expected to continue to grow strongly, albeit at a slower rate than in 2021 — when passenger EV sales more than doubled to an estimated 6.8 million vehicles. Passenger EV sales are expected to reach over 14 million in 2023. Major global automakers continue to accelerate plans to transition to EVs by developing new product lines and converting existing manufacturing capacity. The global market share for passenger EVs has quadrupled since 2019, with EV sales representing about 9% of the car market in 2021. Strong underlying demand and EV manufacturers’ declarations of further increases in production, imply that EV sales could reach almost 40% of annual vehicle sales by 2030. World demand for lithium is estimated to increase from 592,000 tonnes of lithium carbonate equivalent (LCE) in 2021 to 745,000 tonnes in 2022. Over the following two years, demand is forecast to rise by over 40%, reaching 1,091,000 tonnes by 2024. Despite the spread of new battery manufacturing capacity into Europe and the US, [I]Asia remains the major source of demand for lithium.[/I] In September, the Chinese government announced a continuation of vehicle purchase tax exemptions for new energy vehicles through to the end of 2023. The 12 month extension is expected to cost around 100 billion yuan. Compared to a similarly priced internal combustion engine (ICE) passenger car model, Chinese government subsidies provide a saving to customers of about 10,000 yuan. Have a very nice day, today. Kind regards rcw1 [/QUOTE]

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