Why are lithium prices collapsing?

Post by marcosdumay » Sun, Apr 30, 2023, 4:15 PM UTC

misssocrates wrote: post #269

elif wrote: post #109

Because 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.

Are people confusing lithium with cobalt? Where 70% of it comes from the Congo.

Post by rmujica » Sun, Apr 30, 2023, 4:18 PM UTC

kranke155 wrote: post #182

botanical wrote: post #151

Earlier quoted context omitted.

> A legacy of the Pinochet era in Chile is the privatisation of minerals and water, which gives companies ownership of those resources in an area. While mining operations squeeze this already dry region even drier, communities lose their access to potable water, leaving them relying on tankers to deliver it. “We used to have a river before that now doesn’t exist. There isn’t a drop of water,” says Rivera. “And not on…

Chile has just nationalised lithium I believe

Post by marcosdumay » Sun, Apr 30, 2023, 4:22 PM UTC

xbmcuser wrote: post #2

The more I read about prices of different commodities the more I realise the biggest movement in prices is not because of demand and supply but rather because of speculation and gambling. And how most of the news is manipulated. For example they are equating lithium price fall with stagnating car sales. Where as car sales might be stagnating but electric car sales are taking a larger portion of total car sales ie ele…

Post by oceanplexian » Sun, Apr 30, 2023, 4:24 PM UTC

comte7092 wrote: post #264

oceanplexian wrote: post #256

Earlier quoted context omitted.

They put out less BTUs (9k vs 15k-25k from a high end gas burner) and you can’t cook certain types of cuisines like a stir fry, getting a good sear on steaks, etc. As someone who went from Gas to Electric it really is a massive downgrade.

> They put out less BTUs (9k vs 15k-25k from a high end gas burner) How much of that makes it into the pan, and how much is waste heat?

Post by SamPatt » Sun, Apr 30, 2023, 4:29 PM UTC

AzzieElbab wrote: post #202

botanical wrote: post #151

Earlier quoted context omitted.

> A legacy of the Pinochet era in Chile is the privatisation of minerals and water, which gives companies ownership of those resources in an area. While mining operations squeeze this already dry region even drier, communities lose their access to potable water, leaving them relying on tankers to deliver it. “We used to have a river before that now doesn’t exist. There isn’t a drop of water,” says Rivera. “And not on…

As a former citizen of the USSR, I have to object to linking environmental issues to private property. The Soviets did all kinds of tremendously bad things ranking, from geo-transformation to placing the heavy industry in the middle of cities. From what I read about North Korea, the entire country is ruined by various extraction and industrial projects.