231–240 of 311 posts
This is my wheelhouse (mining engineer) and sorry to say this is bunk from what i can see. Its not 15M Tonnes of Lithium. Its 15M Tonnes of lithium containing ore, with an average grade of 0.4% (which i also question without seening core results). Also terms such as "resource" and "reserve" have very specific meaning in mining (to do with economic viability of deposity/ level of confidence) and this is by no way a "r…
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Myanmar has the most bountiful gem mines in the world. I visited in 2019 and there were many shops with piles of ruby, jade, sapphire, even amber. They're already pretty specialized in mining and have little qualms about razing mining areas so would be able to take quick advantage - if their civil conflict allows.
Anecdotal evidence can be misleading. I went to India and saw a literal pile, 7 ft high and maybe 10 ft in diameter of emeralds casually “stored” in a corner of a room but I don’t think India produces all that many emeralds (it’s primarily a cutting hub).
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I hate the weasel words of "demands slowing down". It's always not clear what exactly is happening from this phrase. Is the production or sales going down year-over-year or quarter-over-quarter? Because that's what people think "demand slowing down" means. However what's actually happening is that demand is going up, but at a rate slower than before. Imagine that in 2022 demand increased by 60% YoY but in 2023 demand…
So the rate of change of demand is decreasing. Decreasing rate of change is the definition slowing down. Although I agree that most people probably misinterpret the phrase as you say. (It seems other replies have had that interpretation.)
This is my wheelhouse (mining engineer) and sorry to say this is bunk from what i can see. Its not 15M Tonnes of Lithium. Its 15M Tonnes of lithium containing ore, with an average grade of 0.4% (which i also question without seening core results). Also terms such as "resource" and "reserve" have very specific meaning in mining (to do with economic viability of deposity/ level of confidence) and this is by no way a "r…
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The point is that reserves are only economically viable at a given price. At $0 there are 0 reserves because no one is willing to give you lithium. At $1 mil per kg, there is basically infinite reverses because you can do things like dig up the entire earth's crust and filter all the lithium out of it.
It's even more relevant because it doesn't have to get that crazy, there's 230 BILLION tons in sea water, and it's not a crazy impossible processes to extract lithium from it given some more advances in the process
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I think that is an odd opinion to have. The data shows otherwise: https://www.canarymedia.com/articles/electric-vehicles/chart...
There are large propaganda channels masquerading as news outlets that push this idea continually as part of culture war. I would agree it's an odd opinion, but it is fairly common due to the ever present misinformation.