AJM 4.76% 11.0¢ altura mining limited

Ianwil Ill give you my take on lithium. 1. Fears that Brines...

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    Ianwil Ill give you my take on lithium.
    1. Fears that Brines from South America was going to flood the market 1 - 2 years ago.
    2. Cathode manufacturers now want lithium hydroxide as apposed to carbonate because it uses less energy to produce cathode material.
    3. Brines on south America cant compete now because Li-Hydroxide is cheaper to produce from hard rock in Australia.
    4. The big Brine producers have realized that they will lose out so they decided to come to Australia and invest in hard Rock which has other benefits such as constant supply.
    5. Battery manufacturers are still using Lithium Carbonate and the switch to Hydroxide will be easy but the Hydroxide plants have not come on line yet.
    6. Demand for EV's has been slow but is expected to ramp up in 2020-23

    I am holding on to my Altura because its a premium product and can easily be converted to Hydroxide , in the short term Altura need to announce good news but in the medium term we expect an increase in EV take-up starting in China and Europe.
    Im not surprised that there is a surplus of Carbonate because all new contracts are wanting Hydroxide and this is pushing the Lithium index down.
    I am hoping that in the near future Altura will do a deal with a hydroxide plant either here in Australia or China.

    Cheers

    Chass
    Last edited by Chass: 27/05/19
 
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