Wasn't it only like 3 years or so ago there were saying there was not enough lithium in the world for all the batteries needed.🤔
@RossMalagarie5 ай бұрын
I thought Musk said invest in Lithium mining because its a license to print money? I think that was a few years ago so it printed money for 3yrs?
@chillfluencer5 ай бұрын
...LFPs need only very Lithium. And Sodium-Ion none at all.
@timothykeith13675 ай бұрын
How many batteries are needed?
@andresd61935 ай бұрын
@@timothykeith1367 don't know, but that's exactly what the claims were. That we could not transition to EV's because there was not enough lithium to do it.🤔
@wkrp10splayer195 ай бұрын
i guess the "narrative" was wrong, yet again. shocked. i'm shocked i tell ya!
@deanothedinosaur90695 ай бұрын
Where will all those 8 year olds in the Congo find work? Sad
@richardtardo51705 ай бұрын
E.V. sales have tanked. People are not happy with them. Poor recharge infrastructure!long trip limits etc.
@standingbear9984 ай бұрын
it was a scam from the start
@ulfpe4 ай бұрын
Oh it goes far beyond that. EV are glorified shopping cars. Super short range, sky high price and very short life
@sparkysho-ze7nm4 ай бұрын
Lil louder th model Y didn’t hear you
@aaronthebarbaric77334 ай бұрын
Dead batteries too. The 2-6 screen in the EVs are tablets that send and receive signals and updates when the cars are off. And people are waking up to find out they need to charge their car 3 hours before work.
@timcory44554 ай бұрын
Consumers are finally waking up to the nonsense of owning an EV.
@yggdrasil90395 ай бұрын
They had a long term offtake agreement with Tesla when the price was high, with guaranteed offtakes, but turned it down in hope for a better offer. Unfortunate decision.
@rogergeyer98515 ай бұрын
It's impossible to see the future. A couple years back, all the rage was to predict STRATOSPHERIC lithium prices in coming years. In a similar way, crude oil prices are HIGHLY volatile and EXTREMELY difficult to predict accurately over time. Or pick pretty much ANY volatile commodity -- same thing.
@monkeysezbegood5 ай бұрын
@@rogergeyer9851 if mines are closing prices will go back up. There are not enough mines for the long term needs.
@icosthop99985 ай бұрын
It is impossible to see the future for just about anything. In 1997, the last thing any one seen is a pandemic called *"**#Wuhan_Virus**"* . 🤒
@TheVigilantEye775 ай бұрын
ICE ICE baby !
@vlndfee64815 ай бұрын
EV car sales are turning bad. Public weaking up to negative side of cars etc
@MrHotDog705 ай бұрын
While there is a temporary glut in lithium stocks, the demand will increase. Lithium however is not a rare resource, the winners will be miners who can be the most efficient.
@JohnDoe-vm5pc5 ай бұрын
2 other important criteria for me, geo-politics (location) and Management (what they've done in the past will likely be repeated)
@raylopez995 ай бұрын
The death of ICE has been greatly exaggerated. Hertz the rental car company found that out the hard way. Green is the new red. Oil is still black gold.
@tibsyy8955 ай бұрын
Hitting the bottom and mining stock prices going up ain't the same! It can take many, many years before the trend in stocks reverse!
@tomtxtx96175 ай бұрын
Lithium prices are just back to pre-Pandemic prices. All mining companies should have been planning for this day. The other big threat to lithium is... sodium. The last expensive raw material in LFP cells is... lithium. Even at today's prices it's still very expensive compared to sodium. All we need is for someone to scale up a practical sodium-iron-phosphate or sodium-sulfur or sodium-other-cheap-material battery, and the lithium show will be pretty much over within a few years. Even if energy density is relatively low, stationary storage is currently using a lot of lithium.
@MudflyWatersman5 ай бұрын
Nah ... It took 25 years to get lithium batteries to the current state. Sodium just doesn't have the energy density capability
@monkeysezbegood5 ай бұрын
If lithium stays this cheap (which it wont) sodium has no future.
@icosthop99985 ай бұрын
@@monkeysezbegood 🤔
@TheBooban5 ай бұрын
When lithium gets expensive, they’ll switch to Sodium. Then Sodium gets expensive, they’ll go back to lithium.
@jb5music5 ай бұрын
More lithium schills purporting lithium is the only viable chemistry. Never mind Lithium thermal runaway the Conservative press has a field day with. Nevermind the super cheap price of sodium. Never mind the extraction pollution of lithium. Never mind all that the schills say. Sodium ion will never work.
@rodrigomohr12775 ай бұрын
Lithium prices are NOT cheap. They are just the same as in 2019 before the bubble. They should be even cheaper to make EV batteries competitive.
@m4rvinmartian5 ай бұрын
Are you an idiot? You can literally look it up. It's cheap. When the hell did the price of something 5 years ago matter?
@rogergeyer98515 ай бұрын
Over time, it's all about supply and demand, not what you think prices "should" be.
@rodrigomohr12775 ай бұрын
@@rogergeyer9851 That's correct, prices are going down because of new big lithium mines coming online in Zimbabwe. And will continue going down because of new mine projects in Argentina and Bolivia.
@MudflyWatersman5 ай бұрын
Overtime it's all about margin.... And affordability.... And it all comes down to the concentration of the source
@monkeysezbegood5 ай бұрын
They are cheap if mines are closing. Prices must and will rise as demand increases.
@Paul-cj1wb5 ай бұрын
We can't have it both ways. We need cheap lithium for cheap EVs. The same happened with silicon between 2004 and 2008 when its price shot through the roof before crashing back down. That's right, that's just sand and some coal. Both completely abundant. Yet traders pumped up the price through the roof. Yet silicon is very cheap today and many companies make very nice profits making it. It's the same with lithium. It's more abundant than oil. Pretty much anywhere sodium (salt) exists, so does lithium. The companies that will survive are those that can mine and refine it cheaply while still making a profit.
@rogergeyer98515 ай бұрын
Anyone investing in highly volatile commodities in a way that is reliant on stable pricing AND doesn't put on serious hedges -- is insane. They'll get crushed like a bug. There are good reasons that things like crude oil producing AND consuming industries (oil companies and airlines, for example) tend to heavily use crude oil futures to HEDGE their costs to insure their profit margins. It's about management and planning ahead, since aside from hedging, such prices can't be controlled. And of course, such hedges are NOT free -- they're a cost of doing business and the primary reason the commodity futures markets EXIST.
@kennshearer5265 ай бұрын
A lot of money being spent in Cornwall (U.K.) on getting in to lithium mining. Appears there is plenty of it underground and at a decent percentage. Again the question is are they too late. By the time mining gets under way and the infrastructure Is in place there is a good possibility that battery technology will have moved on.
@icosthop99985 ай бұрын
The thought of "Sodium Batteries" should cause some hesitation and concerns . 🤔
@neilkurzman49075 ай бұрын
@@icosthop9998 You do know that those batteries aren’t gonna be suitable for electronics. And there were a lot of batteries used for electronics.
@icosthop99985 ай бұрын
@neilkurzman4907 The other channels also made mention of Sodium Batteries. The way it looks at the moment. The world will have Quantum Batteries before Sodium Batteries.
@neilkurzman49075 ай бұрын
@@icosthop9998 When sodium batteries actually exist in commercial quantities, then I will pay attention to them.
@penponds5 ай бұрын
@@icosthop9998tongue in cheek, Cornwall, land of my birth, is also surrounded by sodium in those freezing, but shark free, Atlantic waters! MIT have recently announced a knew way of going straight from brine to lithium metal, without all the intermediary processing hard rock mined ?spodumene? needs to be extract lithium. That’ll be a shocker!
@jerrywatson19585 ай бұрын
Good video. Sounds like AU needs its own processing plants to complete the process and a couple of Giga plants to make EV batteries. All it takes it money and customers in the EU and the US forget about China. It can be done with long term stablitiy too.
@robcarvalho15 ай бұрын
Salton Sea lithium is case in point for long term lower cost production, especially when paired with existing geothermal power plants already pulling hot brine up to surface and then sending the cold back down. All they need to do is extract the lithium along the way.
@waseemparkarx5 ай бұрын
the volcanic mud seems to have corroded all the DLE machines used in testing so far not a single company in salton sea has produced a gram of LI when they do produce some from a pilot plant and release a PEA report, it would be worth a look
@MudflyWatersman5 ай бұрын
It's not.
@robcarvalho15 ай бұрын
I did say long term, didn't mean next week, month or year necessarily. I trust over time materials science will sort it out. Naysayers are welcome to trust what they will.
@MudflyWatersman5 ай бұрын
@@robcarvalho1 the problem starts with the sheer amount of brine required to produce a sizable production. The hot Brine is corrosive to everything requiring nickel Chrome alloys that are very expensive.... Corrosion means product impurity... Which can't have for battery grade material. Brine also has to be re-injected.... In a different place so you don't back dilute your feedstock.... When you look at the see your volumes of Brine needed per year..... You need...tens of thousands of acres for a single plant..... Networks of pipelines....miles of pipelines, dozens or even hundreds of wells, and people to run them and maintain them. It's just not that easy. And you can figure 2 million $ per well. Environmental impact... Foreshore. Eyesore... For sure. There's no free lunch that's the reality.
@keithsmith83315 ай бұрын
The mining at the Salton Sea will eventually lead to earthquakes and possibly the bug one. Will it be worth it?
@philiptaylor79025 ай бұрын
Interesting video Sam. Seems like Lithium isn't the scarce resource we were told is was.
@icosthop99985 ай бұрын
Yeah
@marbanak5 ай бұрын
Looks like EV reluctance and hesitancy has pushed back way up the supply chain. Good.
@richardrestall85925 ай бұрын
People have become sceptical about an EV future. That's one factor. The other is that lithium batteries as currently manufactured have long-term safety problems. Let the Chinese market absorb the lithium overstock while better batteries are designed.
@navaulkh30275 ай бұрын
Cheapest spodumene producer is Marula Mining. Operations in South Africa and listed in London. Backed by South Africa's self made billionaire. It will be producing spodumene, Manganese, Cooper Cement and graphite sales this year with a first dividend year end. All for under £30m market cap. It will multi bag this year.
@johnkrneta56275 ай бұрын
Haven’t massive amounts of Lithium been found in Norway, South America, and the USA, thereby driving prices down for decades to come?
@MH-Tesla5 ай бұрын
Lithium is everywhere! It's like water, but a bit harder to extract. Short answer: you can get lithium from any place on Earth. And every one important has known that.
@johnkrneta56275 ай бұрын
@@MH-Tesla Thank you. It is good to hear from those who have a better understanding of geology than I do.
@jbbuzzable5 ай бұрын
There is no shortage of raw lithium. Most of the cost comes from extraction and refining.
@rogergeyer98515 ай бұрын
Predicting such commodity prices is VERY difficult, even for a year, much less "decades". Just look at crude oil, for an obvious example. It's VERY well known, VERY well established as a crucial commodity used in HUGE numbers of BBLs annually globally, and yet its price is ALL OVER THE PLACE, and super unpredictable over time.
@user-fs4gp7un2r5 ай бұрын
Thanks so much Sam
@geoffreysearle90665 ай бұрын
Wow your a stock market expert . my liuthum stock is up 522 % from when I brought it
@m4rvinmartian5 ай бұрын
And nobody gives a fk.
@bradsmith91895 ай бұрын
EV’s are dead. Stop beating a dead horse…
@user-gh6kl7vu7b5 ай бұрын
Supply and demand … There now is an abundance of supply across the world, so the price is going to stay low until there is an increase in demand again - repeating the cycle. I’m a mining engineer, it’s what naturally happens
@richardservatius54055 ай бұрын
Copper may be a better investment right now...we still need wires for everything, including EVs. But I have no idea which copper mining company to invest in or how to invest in copper futures.
@eyefreely96825 ай бұрын
I would Stay Away.... recent advancements are making Lithium batteries Obsolete
@dangeary21345 ай бұрын
I won’t matter how many batteries are made, we don’t have the infrastructure to charge them.
@pstanyer14 ай бұрын
There are dozens of recent battery technologies announced and yet none have come to the global market in the past 5 years. Companies keep announcing these so called breakthroughs but are unable to scale them so they just keep pushing for more investment and funding. Its not going to end well.
@jameshack4855 ай бұрын
Didn't Musk say there was a lithium shortage a few years ago and Tesla would buy every ton that was produced? He also said he wasn't worried about copper because they were changing to 48v low volt system. Well copper is at all time highs and lithium at lows. Copper is still the way to play a renewable energy future
@JohnDoe-vm5pc5 ай бұрын
Lithium is nowhere near ATLs...
@rogersmith95795 ай бұрын
He said there was loads of lithium (a common element, periodic table #3) but it was Cobalt that was rare! What's the price of that per kilogram? The answer may give you a good steer.🎉
@Fs0n1ine5 ай бұрын
Prices will briefly go up again before coming down yet again once the new mining sites in the US come online. They have many years of supply and are cheap to extract. Plus, there are reports of progress on the processes and costs of refinement. It'll still get cheaper, IMHO.
@davesy69695 ай бұрын
Tough call, battery tech is changing all the time and if someone develops a cheaper/better alternative to lithium them those shares will become worthless. I suggest that you don't buy shares to trade, but as a long term investment.
@Jason-bu9sv5 ай бұрын
Like many commodities there is a great deal more lithium then is thought. Rock lithium deposits are not able to compete with Brine and Clay lithium deposits which are much more economical to extract and process.. Something like fracking is possible when tapping soluble lithium deposits and hard rock processing will not be able to compete economically with these methods.. Lithium abundancy is bad news for some mining operations and scarcity benefiting commodity traders but good news for humanity as it means we are not going to be a Lithium bottle neck unless humanity grows to hundreds of billions but by then we will probable have discover something much better.
@josephmclennan12295 ай бұрын
I will stick to my modified 1961 Mercury Comet .It gets 25 MPG highway.
@agusedyanto33245 ай бұрын
The collapse of the "lithium industry" is inevitable, with the popularity of substitute materials such as LFP which only uses a small amount of lithium and also sodium batteries which are much cheaper and more environmentally friendly, the lithium industry will lose its market.
@danvester64765 ай бұрын
Sodium batteries are the away song for lithium
@m4rvinmartian5 ай бұрын
I can always tell when someone made 3.0 GPA or less in chemistry.
@rogergeyer98515 ай бұрын
When practical sodium batteries are better than all lithium batteries, be sure to get back to us on that. In the real world, the VAST majority of things in labs never reach large scale commercialization for a wide variety of reasons. Lithium being at something like a fifth of its former higher prices likely makes sense, given overall supply and demand and future forecasts for lithium and battery demand. It's all about supply and demand, re pricing, not the opinion of random KZfaq commenter X, because they have an unfounded opinion.
@icosthop99985 ай бұрын
So is large scale production of "Sodium Batteries" just a myth ?❔️ The rumor of so many breakthrough technologies in batteries and none of them have hit full scale production yet. 🤦🏼
@virtual-viking5 ай бұрын
The bottleneck is in refining as opposed to mining lithium. I don't see prices getting back to where they were.
@MrArtist77775 ай бұрын
Lithium is over supplied, which is a good thing! We need more lithium, but companies will need to merge and pace their supply. My daughter and son both work in the rare earth mining industry of silver and gold, and they’re facing the same problem: over supply and lowering costs.
@chillfluencer5 ай бұрын
Mining is nothing to invest for ordinary people...only for those who are ready to lose 100% of their investment.
@tedchandran5 ай бұрын
Jai Hinduja. Bowing to moneyed Wall street swamp men, the Biden regime is putting a brake on its climate change agenda to please UAW union, Legacy autos and car distributors etc. citing lack of efficient US supply chain manufacturing, inadequate charging infrastructure, ungreen EVs production processes and techno geopolitical rivalry.
@icosthop99985 ай бұрын
And over supply of *Gold* , that is new 😳
@anywhereroam96985 ай бұрын
Gold and silver aren’t rare earths
@IggyDalrymple5 ай бұрын
I thought that gold had recently hit a new high price.
@danielstapler43155 ай бұрын
Lithium Carbonate peaked at CNY 600,000 in Nov of 2022 has dropped to 97,000 and has recently ticked up in the last month to 115,500.
@restonthewind5 ай бұрын
I don't invest in this sort of thing, but lithium demand is still rising. EV batteries and other batteries continue to be a growth industry, and lithium is still a critical battery material despite emerging alternatives like sodium. If I were a betting man, I'd bet on a higher lithium price a year or two in the future, but lithium production must come down first. Production will eventually rise again but not before currently marginal producers are out of business. That's how capitalism works. Supply balances demand not because investors are always so brilliant but because high prices attract more investment and lower prices drive marginal production out of the market. The brilliant investor theory is basically the central planning theory. Booms and busts are not market failures. They're markets working.
@BrunnanG4 ай бұрын
My understanding is that there is NOT a shortage of lithium but rather a lack of processing of it (mainly all in China) and that’s why Tesla is building a lithium processing plant in the US. Also battery technology is rapidly evolving along with all related technology and lithium might not be a critical component in the long term.
@fenrirgg5 ай бұрын
Why when I minimize the KZfaq app when I'm watching one of your videos I can keep watching your video like if I had KZfaq premium??? (K don't have premium and It doesn't happen with any other videos!!!)
@i6power305 ай бұрын
We all know what a great stock picker you are..byd, Tesla? Short Toyota? You are what we call cramner indicator.
@wkrp10splayer195 ай бұрын
Musk for a time was trying to talk folks into starting Li mining co's. he didn't do it himself - that's all you need to know
@DucNguyen-ky2sp5 ай бұрын
seem like a good opportunity to buy the deep. I start a small position in LAC, ALTM, and SQM
@laowai20005 ай бұрын
With lower lithium prices should expect continued discounting in not only EVs but also mass storage solutions. Quite a few players in the mass storage space. Interesting to watch the evolution in mass storage, EVs and Hybrids.
@MB-pd2mm5 ай бұрын
This what happens when governments mandate huge changes in the economy without a proper business case and without taking into account human behaviour which is to protect themselves from harm which in this case is higher costs. EV’s insurance premiums are much much higher than ICE (internal combustion engine) vehicles, but more importantly who will be paying the ROAD TAXES after there are no more ICE vehicles on the road?
@andresd61935 ай бұрын
Not sure where you live but my EV insurance is pretty much the same as all ICE vehicles I ever owned. As far as the taxes, they are coming from EV registrations, several states in the United States have already implemented that tax for the upkeep of the roads. Economies have to adapt to new technologies, nothing new about that as far as EV's are concerned.
@mickgatz2145 ай бұрын
Battery technologies are constantly changing... Lithium is being phased out.
@rudedogcansurvive5 ай бұрын
What do you mean it cant go down from here ,it could still go to 0.00 hahahaha
@shellazching5 ай бұрын
Lithium is not as scarce as we think. Its popping up everywhere
@rogergeyer98515 ай бұрын
Exactly. And this tends to happen a LOT with many commodities when they get expensive. The best remedy for high prices (over time) is high prices, at least until a commodity truly gets very scarce. Rare earth metals are much more common generally than was previously thought.
@MudflyWatersman5 ай бұрын
Only a fool thinks lithium is scarce. Concentrations of lithium high enough to economically extract..... Are scarce...... Mining is all about concentration.
@RossMalagarie5 ай бұрын
They thought everyone was going to buy EVs and demand was going to be super high but I guess the demand isn't high enough to keep the prices up
@rogergeyer98515 ай бұрын
Supply increased faster. It's all about supply AND demand in economics. Go figure.
@qingyuhu5 ай бұрын
Most of us knew the sky high prices were not sustainable! Not sure if lithium and related stock prices will rebound significantly, with all the supply and legacy Auto quitting EV production lithium will take a long time to rebound and certainly won't go back to the crazy level. In fact it has room to go lower using pre-pandamic prices as baseline.
@icosthop99985 ай бұрын
Really good that you mention how the OEMs are getting out of making EVs . 👍 _Many people have not got that memo yet_ . ( At least the OEMs have slowed down production of their EVs, because their EVs are sitting on the dealerships lots and no one is s buying them.) In North America the only EV that is selling is Tesla.
@JustPete654 ай бұрын
China Belt and Roads project is building mines in Indonesia and Africa without the regulations for Australian mining companies. Look at the volume of lithium being mined globally to see if production has just moved away from Australia.
@turrafirmaguitarchannel5 ай бұрын
I bought Lake Resources lithium stock on the ASX for 6c about 3 years ago. It got over $2 briefly and is now back at 10c. I took profit and playing with house money on this one.
@russpalumbo48925 ай бұрын
List Lithium mining companies quoting their AISC and jurisdiction - it soon becomes clear where you should be investing. Note Chinese miners do not include waste management costs in their AISC and not recognised as being "Green" so are not preferred suppliers. Atlantic Lithium #A11 #ALL have a compelling investment case going forward with projected AISC of US$675/t.
@MrPropanePete5 ай бұрын
It’s not unusual for mining companies to put their operations into maintenance mode if the value of their product falls below a predetermined level. They sit it out and wait until the stockpiles are exhausted and there’s a shortage, then they fire up again but sell at a hugely increased price. These reductions in battery costs due to cheap lithium are only temporary, watch what happens down the track. Batteries are always going to be the Achilles heel of EVs, just like any other battery powered appliance.
@JBMP-mp7rm5 ай бұрын
Lithium was developed as it allows power to small expensive electronic devices like mobile phones. They got smaller and powered up for longer. Then they figured Lithium batteries could make cars go very much faster. Now, we’ve figured cars don’t need to go that fast. So cheaper metal ions can be used to power large electric vehicles. We don’t need Lithium as the main element in electric vehicles. Basic chemistry, have a look at an activity table.
@puddin944 ай бұрын
Nice video, thank you ❤
@Georgewilliamherbert5 ай бұрын
Strategically, if we look at the demand it’s credible that Sodium Ion takes over a large chunk of the market, and for static power (renewables time shifting grid operations, home solar / backup power, ships etc) Li-Ion seems so ridiculous now. Lithium in lighter and premium vehicles seems like a long term play, so we will see how all that shakes out. But it’s not a lock on the long term market like it looked 5 years ago.
@lukebrinsmead5 ай бұрын
All depends on if heavy vehicles go electric with current battery technology. As for passenger vehicles I think demand will depend on cost of living pressures.
@pierrec15905 ай бұрын
The very possibility of sodium being a viable alternative will mean that lithium would be completely wiped out of the market. As soon as sodium gets any traction, market is gone. Even at the same price as rock salt, lithium would probably struggle because of its many limitations.
@m4rvinmartian5 ай бұрын
*The people working with raw Lithium Carbonate must be the most chill people on the planet.* *Someone should do a study on them.*
@jbbuzzable5 ай бұрын
The study would likely show that most people like lithium due to a good energy/weight ratio.
@francismarion64005 ай бұрын
Lithium mines are worse for the environment than oil.
@kanders73914 ай бұрын
Some of them water evaporation farm & drain the water out of the ground to evaporate the lithium out of it. They end up stopped because they drain the aquifer.
@bruceblunderfield54315 ай бұрын
I nearly invested in ARU , it went to nearly 70 cents per share, now it's struggling at about 12 cents!
@phil111ify4 ай бұрын
Elon musk said that the big problem is there is not enough pocessing plants and there is no shortage of minerals.
@jameswong075 ай бұрын
China owned more then 50% of EV market , and china hv their own Litium supply chain , as usual , china has its way to produce cheaper litium and products , therefore its not surprise others litium companies unable to compete with china .
@MiguelDeMarchena4 ай бұрын
Sodium Ion batteries are now on the market, cheaper than lithium because (sodium is everywhere in nature), not the same VA/h but they do the job, i got few to test 18650 and 26700 format and they work, they do not use the same lithium batteries BMS but can use same chargers, the only downside i find is that must be charged more often but they seem to endure more charging cycles and do not have issues of cold or heat to operate.
@sigma_six5 ай бұрын
Nice little bit of info, like only someone like you can pick out in a timely way... very nice Viking... thanks for the tip, I'm looking at it now... it makes sense... Tinto is literally one of those companies (too big to fail)
@electricviking5 ай бұрын
Glad to help
@madyak2225 ай бұрын
the problem with Lithium isn't it's availability at this time, it's the cost of refinement as well as New Battery technologies being discovered on a regular basis, Sodium Batteries, Polymer Batteries, etc. Lithium could be dropped like a bad joke at a party if a much better battery technology appears in the next 5 years. Then there's my thinking that Batteries are just stop gap measures until the world puts the effort into producing Smaller and Micro modular Reactors, utilising Thorium or other safe technologies.
@timcory44554 ай бұрын
Lithium prices are plummeting due to supply and demand. As EV sales continue to drop around world due to the lack of consumer demand lithium prices will follow this trend.
@TAL1425 ай бұрын
This is the problem when people speculate. This is just the price two or three years ago. When people are too greedy, they will have to take the risk.
@RossMalagarie5 ай бұрын
Do like the oil industry, mine it, store it, and wait for the price to go up to sell it.
@rogergeyer98515 ай бұрын
That's a valid approach. But that has risk too, as the taxes, the storage expenses, the lack of cash flow for months or years or decades, etc. all ADDS UP. And many businesses don't have gigantic piles of cash or credit to endlessly use to gamble and hope they win.
@melt6384 ай бұрын
Looking at lithium prices, i think it has bottomed to pre covid levels. Demand is still there making huge bayteries for the power companies.
@normanmimsiii79445 ай бұрын
With several car manufacturers dropping or sharply curtailing EV production, electric companies adding costs to solar power owners (while getting laws promoting folks from going off the grid), interest rates sky high, and a global recession politicians deny but cannot hide, coupled to new major finds in Norway and USA, the price slump will last for a couple more years. By then the Ambri battery may be ready to grow into the higher- capacity side of this market. Yes it will come back - but probably at a slower rate than some companies can handle.
@nolanscheid17245 ай бұрын
Great job Sam. I appreciate the good job you do. I am wondering about the size of your staff. How many people does it take to produce so much news?
@MrArtist77775 ай бұрын
Staff of 1
@AAb-xy6et5 ай бұрын
I think not, Lithium is just one of the most common materials in the world. It's like buying a lot of sand because you need sand to make glass and solar panels contain glass and more and more solar panels are made.
@Ff19299Ай бұрын
It just did hit the bottom.
@petertimp54165 ай бұрын
IMHO it’s time to start investing in oil, gas, coal and Nuclear.
@calorus5 ай бұрын
Don't call the bottom, until you see which way Sodium is going.
@ASmithee674 ай бұрын
This last winter in the U.S. showed EVs become side of the road paperweights in cold temperatures as EV battery charges run low and EV batteries cannot be recharged at charging stations. EVs still need technology breakthroughs to become reliable and viable. Toyota and Hyundai report HYBRID 2024 sales are way up. EV 2024 sales from all manufacturers are way down.
@russellstyles53815 ай бұрын
There has been talk about batteries without Lithium, such as sodium. Don't know if any of them will pan out.
@asajelfs81705 ай бұрын
The difference between a glut and a supply shortage is worked out on a 1 percent surplus. The Chinese have manipulated theithium price.
@jasonbrown36464 ай бұрын
Simple cycle, reserves grew as miners expected higher prices. Low prices halt mines, reserves dropping prices already rising. EV uptake imminent, Tesla Model 2 pending
@klippe4 ай бұрын
i would say yes to invest , especially if one car manufacturer were to invest in a mining company. you need a solid foundation to weather the storm this time could be a great time to buy lithium at the bottom as it will rebound and set a new level
@richardtaylor23614 ай бұрын
no way!!! elon keeps saying a lithium mine is better than tesla stock or bitcoin.
@MrkBO85 ай бұрын
Refining capacity is limited and now there is a supply glut.
@dawood121derful5 ай бұрын
I heard that Sodium-Ion is the more promising future for EV. Cheaper and safer.
@patrickdeslaurier71574 ай бұрын
Perhaps somebody overestimated the luxury vehicle demand .Maybe there was some thought that petroleum prices would lose their subsidies and "pump' prices would begin to reflect the true costs of petro fuels ?
@andrewling35255 ай бұрын
It’s stupid geopolitical issues & Australia can’t process lithium !!!
@TheViewFromUpHere5 ай бұрын
Hard rock mining for lithium costs 50% more than lithium from salt flat brine and is even less competitive than filtering lithium from brine. Filtering lithium from brine is the future of lithium production.
@peterbedford26105 ай бұрын
Wait, what?? I thought lithium was the new gold?!? 😂
@rogergeyer98515 ай бұрын
Did you also (very wrongly) think mined commodities are never highly volatile, re price? How about crude oil for another blatantly obviously example of a commonly used commodity?
@icosthop99985 ай бұрын
L😂L the new *Gold. 🪙* It seems like everything dealing with EVs is very volatile ❗️💥❗️ GM and Ford both thought much wealth would be gain via the EV market. 📈 But both car makers have put their production of producing EVs on hold, no body wants to buy their very troublesome crappy 💩💩💩 EVs 📉 and their EVs just sit on the dealership lots. 😢
@neilkurzman49075 ай бұрын
Apparently you thought wrong. Your misunderstanding didn’t change anything though.
@samblum1535 ай бұрын
If you can't show a path to profitability the stock will go to zero. Kind of like when every farmer plants a whole lot of the same crop, you have good weather a bumper crop, and the stuff can't sell for much.You have to analyze the debt and cash flow to see if there is a possible plan to keep the company alive, given 3 years at today's price... if you line up all the lithium sources(mines, companies) sort them by the quality of the ore, only the cheapest to extract will survive.
@allynmoore28295 ай бұрын
When solid state batteries come on line that will have a large impact on the lithium market.
@MarkSpohr5 ай бұрын
So much for all of the people who were predicting that EVs would fail because "there's not enough lithium".
@danajohnson59935 ай бұрын
Seems like there is a boom in new battery tech with no reason to think lithium will come out on top at all. Same goes for rare earth magnets with things like iron nitride in the offing. Anyone remember NiCads?
@JoeyBlogs0075 ай бұрын
Non Lithium alternatives represent the bulk of battery storage technologies future. Give it 5 more years and you will see. So far EVs make up less than 5% of road vehicles. There's still another 95% of vehicles to be replaced over the long term.
@JoeyBlogs0075 ай бұрын
These new EVs wont require Lithium batteries, because in 5 years time super charging will be ubiquitous at at least 50km intervals.
@markmiller89035 ай бұрын
ICE cars are the future. EVS are just a fad.
@m4rvinmartian5 ай бұрын
*I can always tell when someone made a 3.0 or less GPA in chemistry, when they say foolishness like this.* _The periodic table of elements is arranged the way it is for a reason._ *_What metal comes before Lithium?_* EXACTLY. *You people should have stayed awake in school.*
@DarylOster5 ай бұрын
@@m4rvinmartianhydrogen has a metallic phase...
@Paul-li9hq5 ай бұрын
Quote from EV (electric viking - not the car): ...the company has mined too much lithium, and so it is stockpiling it because they don't want to sell it at cheap prices... So actually, the issue is simply down to human greed and the company prioritising profit over everything else (even it's own survival), is it not???
@4Lights.5Liights5 ай бұрын
Probably a good bet on Lithium companies. the year 1991, when Sony first got rechargeable Li batteries put into devices. It's been well over 30 years to get these batteries made cheap enough for the common device. Multi nations, multi companies. Even if Sodium Ion batteries or Solid-state batteries get manufacturing traction on device sold to consumers, it probably take at least 20 years from today. So Lithium will hold steady for at least 20 years.
@sdfswords5 ай бұрын
Funny, says he can't call the bottom for fear of being fined, then calls the bottom. Unusual Viking move.
@MrPropanePete5 ай бұрын
It’s not unusual for mining companies to put their operations into maintenance mode if the value of their product falls below a predetermined level. They sit it out and wait until the stockpiles are exhausted and there’s a shortage, then they fire up again but sell at a hugely increased price. These reductions in battery costs due to cheap lithium are only temporary, watch what happens down the track. Batteries are always going to be the Achilles heel of EVs, just like any other battery powered appliance.
@bubuneowoo61615 ай бұрын
They will sit forever. China is using sodium ion batteries. Now calcium is replacing lithium!
@joe-hp4nk4 ай бұрын
It's a tug of war between EV's and the infrastructure to recharge the batteries. We're short on future electricity capacity because we haven't kept up on building nuclear power plants.
@MyIncarnation5 ай бұрын
If and when solid state batteries are viable then I think lithium will still be in demand, but I do not think it will increase in price. If we develop an energy containment system that is equivalent and does not need lithium then it could go down .
@eugenec71305 ай бұрын
Technology evolves and changes all the time. It is always risky to associate oneself with technology-based industry or business. What has happened to Kodak, Fujifilm, Nokia, Alcatel and other American, European and Japanese tech based companies reminds us of vulnerability of tech based industry to ever changing technological landscape.
@MrKbtor25 ай бұрын
I got Albermarle early in 2023 at ~$180 and it's lost 50% of it's value. New battery tech (solid state, Sodium etc) and Hydrogen may displace Lithium.
@bepscamr1525 ай бұрын
Wow. I’m such an idiot. I thought stock prices were tied to demand.