This revolutionary EV and power storage world, is just getting started, there won't be enough Li, Cobalt and Vanadium to accommodate this huge journey.
Commercial power storage stations will be everywhere; Don't let go of these things!
DYOR
FH
Excerpts -------
Most of the ASX’s 100-or-so lithium stocks have lost ground since January, while producer Galaxy Resources (ASX:GXY) this week confirmed soft prices for the metal.
The price it’s getting for lithium carbonate sold into China has tumbled 18 per cent, while lithium hydroxide slipped 4 per cent.
The falling price was attributed to China’s planned cuts to electric car subsidies, which had flow-on effects down the lithium-ion battery value chain.
However, McKinsey believes lithium demand isn’t waning — and will infact grow strongly in the coming decade.
“We believe the amount of lithium will grow rapidly primarily based on electric vehicles,” McKinsey partner Prabhav Sharma told a gathering of industry representatives in Perth on Thursday.
“We expect lithium demand to explode. At least triple to quadruple in eight years.”
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