Fair enough, I should have included it, but I found that passage ambiguous in translation.
"Sector experts such as Benchmark Minerals are forecasting a price per tonne of lithium hydroxide of $ 15,000 beyond 2025. But Wolfsberg is suboptimal for lithium mining and probably at most operable at extremely high prices.
As the German automotive industry and the EU seem to be losing money as far as the value chain in e-mobility is concerned, we could imagine that Wolfsberg, as a subsidized "prestige project", has a real chance."
What does the author mean? That Wolfsberg stands a chance only if it becomes a subsidized 'prestige project', even though the EU seem to be losing money?
Maybe the original German holds a clue.
"Da die deutsche Automobilindustrie und die EU mittlerweile auf verlorenem Posten zu stehen scheinen, was die Wertschöpfungskette "in der E-Mobilität betrifft, könnten wir uns vorstellen, dass Wolfsberg als subventioniertes „Prestigeprojekt“ eine reelle Chance hat."
EUR Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
