MLL 1.20% 8.2¢ mali lithium limited

I think, your last passage is very reliable:"the company is...

  1. 161 Posts.
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    I think, your last passage is very reliable:
    "the company is choosing to pursue their gold assets as well, to generate more value but to also hold out until the lithium demand increases due to global adoption of EVs."

    When @Lfc786 says "lithium is currently in oversupply", even though other punters say it more drastically "lithium is in the toilet", you always have to consider, this sentiment could change fast in the future !

    There is a Bloomberg article nearly one month ago, which describes it very good: https://www.bloomberg.com/news/articles/2019-09-06/china-mulls-target-for-60-of-auto-sales-to-be-electric-by-2035
    China is exploring ambitious new plans for the future of its car industry, weighing a target for 60% of all automobiles sold in the country to run on electric motors by 2035.
    > Target would represent 12-fold jump from about 5% now
    > Shift could add pressure on global automakers to electrify
    China’s Ministry of Industry and Information Technology is spearheading the government’s latest auto industry plans for 2021 through 2035, said the people, who asked not to be identified discussing matters that haven’t been made public.
    Note: 2020 figures of 10 % from MIIT minister in 2018, 2025 figures of 20 % from government plan disclosed in 2017.

    One thing is for sure, china's govenment will enforce their plan, no regard others tell you !!
    Date of the rumour coincides exactly with the chinese lithium stock breakout, here is one example: I wonder, when this will punch through our stock price wink.png
    https://hotcopper.com.au/data/attachments/1763/1763333-0fc5f6e4310f2e004e0a5b39bd5c9877.jpg


 
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