Battery metal buzz counters financial market angst at mining’s big show
posted on
Jun 16, 2022 05:30PM
"Attendants of the annual PDAC event shared the collective realization that the world desperately needs more supplies of raw materials including those critical metals—lithium, nickel, cobalt and copper—needed for batteries, electric vehicles and cleaner technologies that are considered key in a global push to shift away from fossil fuel."
A small ray of sunshine penetrates through the FOG of Gloom and Doom. We have been here before, guys. 2018 with Morgan Stanley. That doesn't make it any easier to swallow, but Morgan Stanley was wrong and so is Goldman Sachs. The war in Ukraine won't last "forever" and interest rates go up until they come down. Discouraged? Sure, but we know that Cauchari-Olaroz will start production "soon", that Judge Du will eventually render her decision and that the demand for lithium is not going to outstrip supply now or any time soon. When supply can not keep up with demand then lithium becomes more "valuable".