bar1080
10 months ago
"Crashing lithium prices turn the industry from 'euphoria' to 'despair.' What's next?"
The critical metal used to make electric vehicle batteries, once described as "the new oil," has been crashing in price amid a slowdown in EV demand.
Lithium prices are down more than 80% from their 2022 peak โ the same year in which Tesla's (TSLA) CEO Elon Musk noted the metal has gone to "insane levels!"
"The critical silvery-white soft metal is bought via contracts between buyers and sellers, which are typically kept private. However, prices in China, the largest refiner and consumer of lithium, are public. Those plummeted from an all-time high beyond $80,000 per metric ton in 2022 to below $14,000 this month, according to Fastmarkets data."
https://finance.yahoo.com/news/crashing-lithium-prices-turn-the-industry-from-euphoria-to-despair-whats-next-184543769.html
BottomBounce
1 year ago
$MULN About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (โEVsโ) that will be manufactured in its two United States-based assembly plants. Mullenโs EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutionsโ (โELMSโ) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. $LIT $MULN
BottomBounce
3 years ago
Average vehicle silver loadings, which are currently estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have been rising over the past few decades. In hybrid vehicles, silver use is higher at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume in the range of 25-50g of silver per vehicle. The move to autonomous driving should lead to a dramatic escalation of vehicle complexity, requiring even more silver consumption. Silver automotive demand this year is projected to be 61 Moz; https://www.globenewswire.com/news-release/2021/01/12/2157106/0/en/Silver-Consumption-in-the-Global-Automotive-Sector-to-Approach-90-Million-Ounces-by-2025.html $LIT
conix
3 years ago
Global X Lithium & Battery Tech ETF (NYSE: LIT) gets you instant exposure to 37 of the world's best battery and lithium mining stocks.
The wisdom of owning broad exposure to lithium during a historic lithium bull market is obvious, but this stock in particular is well-positioned for profits ahead.
Astute observers will note the shares appear to be in overbought territory as the relative strength index (RSI) goes, but given that it's more than $10 above its 50-day moving average and nearly $20 above its 200-day, it's likely the trend โ the uptrend โ will continue for the foreseeable future. If that turns out not to be the case, though, this is definitely one to add to on dips.
tob999
4 years ago
LIT has 41 assets including ALBEMARLE CORP, 1211 HK BYD CO LTD, GANFENG LITHIUM CO LTD, SAMSUNG SDI CO LTD, EVE ENERGY CO LTD-A, PANASONIC CORP, QUIMICA, LG CHEM LTD and TESLA INC.