Originally Posted by
Joshuatree
Yeah pretty weird in the Lithium space atm. But lithium are prices holding up. ORE (ASX , i have held from re 50c)) getting up to $14653 a tonne atm with cash costs of $4279. ORE is the first new Brine op in about 20 years; still getting to nameplate after many glitches ;s/p also down atm.
It went stupid for a while and every tinpot spekky stock were suddenly "exploring" for lithium and there was bit of fever around and crazy s/p rises. seems to be bit of a lag atm between all the auto makers and countries putting dates up for total switching from ICE to EV etc to the mkt believing this and seeing the EV take up take off. Until EV's pricing drop's closer to ICE )internal combustion engines) take up will be slow; unfortunately humans think of their back pockets before what comes out the tailpipe. Teslas new 3 model has been dropped to $35,000 with 500,000 deposits put down by buyers so it is happening. Musk is a genius. So id watch carefully, lithium stocks and car developments/ takeup etc and research out the rubbish pretenders. Lithium and Graphite, Cobalt, Copper etc will perform imo with the caveat of a better energy storage tech jumping out or something like Hydrogen having a breakthrough etc.