The space is saturated with anti-EV FUD.
Why are lithium prices collapsing?
111–120 of 524 posts
Re: Why are lithium prices collapsing?
#112Earlier quoted context omitted.
> speculation and gambling Of course. The net present value of a stock or asset can only be calculated based on its expected future price and earnings. Since there's no way to know this with 100% certainty, stock prices are inherently speculative. Even value investors must struggle to accurately value a company's intangible assets.
But there's a material difference between "attempting, in good faith, to determine what the demand for a commodity will be in the future, and buying based on that" and "attempting to determine what the price of a commodity on the futures market will be and buying based on that". When people say that a commodity's price is being driven by speculation and gambling, they mean that it has shifted from the former to the l…
The price should be disconnected from the actual, physical use. If we have a surplus of a substance now but there is reason to believe that we'll need a lot more of it later then the sensible thing to do is to hoard most of it until it is needed and to start producing more of it. Speculators help do that by driving up the price which is a signal to both producers and consumers.
The market thought that China was going to need a lot of lithium for EVs, so the price went up which incentivized higher production and lower use. That's a good thing because it made it more likely that China would meet their demand. Now the market has better information that China is going to need less lithium than previously thought so the price drops which makes it viable for previously marginal users.
Re: Why are lithium prices collapsing?
#113The space is saturated with anti-EV FUD.
Same thing happens with the gas stove threads. I can’t believe that actual people are that invested in burning hydrocarbons.
Re: Why are lithium prices collapsing?
#114Earlier quoted context omitted.
"The secret of success in business is to know something no one else knows." —Aristotle Onassis How do you spell "insider trading?"
My plumber/electrician/doctor is insider trading?
What does your plumber/electrician/doctor know that other plumbers/electricians/doctors don’t know and that is the secret of their success?
Re: Why are lithium prices collapsing?
#115Because I see so much "conflict metals" discussion when lithium is discussed, I would like to contribute that less than 3% of global lithium production takes place on small artisanal mines, in which place human rights abuse may occur. Over 85% of lithium is produced by just 2 international corporations with large scale mines complying with multiple international regulation requirements.
>Human rights abuse
That's a convenient way to dismiss ruthless exploitation of 3rd world populations, nations, and the natural environment.
And if you don't consider the police violence against the indigenous populations of Bolivia following their democratic elections then what are your qualifications exactly? "Lithium mining" is not the problem, of course, but the political interventions of Lithium interests has robbed millions of people of freedom.
Re: Why are lithium prices collapsing?
#116Earlier quoted context omitted.
My plumber/electrician/doctor is insider trading?
What does your plumber/electrician/doctor know that other plumbers/electricians/doctors don’t know and that is the secret of their success?
Forgot about the “no one else” knows part, but the point is being good at something (or knowing something others do not) is not a bad thing, as implied by “insider trading”.
For example, if you figure out a cheaper alternative to lithium, and want to bet that lithium prices will fall as a result of reduced demand, then those are your spoils for figuring that out.
Re: Why are lithium prices collapsing?
#117Because I see so much "conflict metals" discussion when lithium is discussed, I would like to contribute that less than 3% of global lithium production takes place on small artisanal mines, in which place human rights abuse may occur. Over 85% of lithium is produced by just 2 international corporations with large scale mines complying with multiple international regulation requirements.
Because we all know international corporations never violate human rights?
Re: Why are lithium prices collapsing?
#118Re: Why are lithium prices collapsing?
#119The space is saturated with anti-EV FUD.
Same thing happens with the gas stove threads. I can’t believe that actual people are that invested in burning hydrocarbons.
For serious chefs, gas ranges remain far superior to their electric counterparts. I’ll be the first in line to buy an induction cooktop that performs as well as a high end gas range, but we’re not there yet.
Re: Why are lithium prices collapsing?
#120Earlier quoted context omitted.
Same thing happens with the gas stove threads. I can’t believe that actual people are that invested in burning hydrocarbons.
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It's sublimated class resentment. People resent things that are perceived as coming down upon them from a coastal rich Ivy League educated elite that is perceived as holding them in contempt.
It all just sounds like rich people in private jets flying around telling them to use less energy to save the planet.
There is of course too much inequality, but it's not because of EVs or phasing out gas stoves.