The lithium story is as old as the day is long. But for some reason, which I am apparently ignorant about, this is happening again. Perhaps it’s Tesla related, or maybe the automobile industry is truly trying to adopt these batteries in a large way. Other than dicking around with lithium batteries inside of my flashlight, I have little enthusiasm for the sector.
But what the fuck do I know anyway, right?
Lithium, as represented by LIT, is up 62% for the year.
The main play, Chilean miner, SQM, is higher by 121% this year.
Some other plays include, but not limited too, BYDDF (+21%), HPJ (+109%), ALB (+57%), FMC (+63%).
Now I could do a cursory google search or ask a friend of mine to send me a report on the industry, summarize it and then post it here for your pleasure. But why bother doing that? What in the fuck is your purpose anyway, aside form leeching and complaining, taking, and stealing?
How about you tell me why Lithium is such a great investment now and I’ll patiently wait here, waiting a bowl of cereal (coconut milk) eagerly anticipating your report?
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Just as expected, you people are utterly useless.
Anyone who buys $SQM at $60 deserves to lose money.
Chinese banning all combustion engines due to air pollution. Most automakers have to adapt.
Link to your nonsense? I haven’t read China was planning to ban the engine.
“…lithium batteries inside of my flashlight”
*fleshlight
Idk but I’m up like 50% per position on some of these names. Sometimes I don’t ask questions.
That’s fine. But I’m still looking for a catalyst.
Gonna have to look through headlines from 2-3 months ago for that I think. If memory doesn’t fail me, lot of new lithium oriented car models being announced by various manufacturers other than Tesla.
https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z
https://www.economist.com/news/business/21728980-its-government-developing-plan-phase-out-vehicles-powered-fossil-fuels-china-moves
Yea. Also this.
This story is going to be with us for a long time – structurally, lithium is one of the best markets you could ask for…can only be made from brine or spodumene, and there are very limited deposits in the world that are economically feasible to process in both Chile and Western Australia. The industry acts like an oligopoly (very few companies own the assets), and capacity does not ramp quickly, which leads to price spikes when demand outstrips supply. ALB calling for demand growth of 35kt over next 5 yrs, up from prior guidance of 20kt just 6 months ago. It’s all electric vehicle driven….car battery EV is 75kg, and in your iPhone, it’s 3 grams – just for perspective. Energy storage (peak load mgmt) is another potential end market that isn’t even being considered yet but could be huge. How many EV’s as a % of total electric vehicles do you think will be on the road in the next 4-5 years? each percentage pt is worth about 5kt/yr of demand….and ALB estimating 2021 demand is 160kt…..you can’t NOT own this sector….
Good summary. Thanks, Lithium Fag
So…we are talking about a finite resource that must be extracted from the earth using virtual slave labor in 3rd world countries dominated by dictatorships, with little to no labor laws? Sounds like you need to be long nation building stocks to me if you believe that Lithium is the future.
I laugh all the time at the hipsters peacenicks that think that electric vehicles are going to make oil obsolete, and be the worlds savior for carbon. If their hypothesis is correct, Lithium will simply become the new “Oil” except far less abundant, and far more expensive. You will save the world from muh “climate change” then start WW4 for control of the worlds Lithium. If you think that the peaceful U ess of A is going allow Chille to control the worlds Lithium you are sadly mistaken.
Back when some of us were chasing nuclear war via UEC, I noticed a competitor (URRE) that later turned into a Lithium miner with close proximity to Tesla’s new digs in Nevada. I bought some, fuck it. Like no logic said, you have to nibble at this sector.
New ticker for URRE is WWR.
Coconut milk? SNAP OUT OF IT! Brain cells are the first thing to go in a Vegan diet.
Finally something Traderconfessions and I can agree on.
https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z
Related to above post about China