Lithium prices will stabilize and begin to rebound, says Piedmont CEO Keith Phillips
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- เผยแพร่เมื่อ 6 พ.ย. 2023
- Keith Phillips, CEO and president at Piedmont Lithium, joins 'The Exchange' to discuss the demand in the electric vehicles market, global supply vs. demand for lithium, and more.
Better hurry. At some point in the future some types of batteries will not use Lithium at all. Also, EVs are not the only use for batteries. Grid scale storage might require more batteries than cars at some point. In the short term Lithium could do well because battery makers are using up their stockpiles they developed during the shortage scare.
China has released a sodium ion batterycharged ev. Should go on sale this month.
@@lilbaz8732 Yep, we are already using the first generation sodium battery. Just like LFP they will keep getting better.
Piedmont recommended by 9 brokers as at end of 2023 . Expecting the price to triple in 2024. Maybe time to do more research and buy in . Thanks for the video
it's stock is at 17 now and dropping. It's a bad idea to invest in battery commodities yet, as battery technology is not well developed. Tomorrow we might get lithiumless, sodium batteries. Why risk money on lithium now?
@@nickchkheidze9189
Thanks Nick . Might be at bottom very soon. Worth just keeping on your watchlist .
Market sentiment through futures #lithium carbonate prices in #China is generating upward price pressure on the Chinese spot market which, in turn, is contributing to the revival of Big 4 #lithium companies' stock prices. Futures Li prices influence stock prices via spot prices. PLL has a few major developments set for 2024 . Could see a rebound in the share price mid to end year
Wouldn't lithium be better compared to another energy source like oil? Lithium is plentiful and all around the world. It seems like a sustainable energy source. Especially once the machines that mine the lithium run on clean energy.
Good point.
No wonder Keith is "Pretty Happy" with their offtake agreement with Sayona, they have them bent over the barrel.
Haha Keith skimming over the topic "yeah we take about half" actually buddy it's closer to 64% of annual tonnage for pennies.
@@Tom-yk6fband shorters have taken the rest 😂
A boom to bust business
Subsidized to bust. 😂🤣😅😆
The bubble burst but the price is still double what it was in 2010... And most companies are still profitable at 10,000/USD.... One company said it's all in cost was 2500/USD... So yeah... The margins are still there...
Great point!!!!
Price i's going to take a nose dive pretty soon.
Lithium the modern Dutch Tulip
nailed it!
@@HelenNorton ev No longer need lithium they all will Convert to sodium
Did tulip's fuel the world?
How long until you think a sodium battery will power an EV? A phone? If you know please enlighten me. @@adsa116
@HelenNorton wouldn't say he hardly nailed it. Lithium is an industry net positive, and most stocks are trading from 5 to 10 p.e. Fundamentally, I would say that's a pretty stable market.