EUR has moved to a hydroxide production basis and this is good news for an European Based Lithium Production Mine based inside the European Union. Political and business wise based reasons. Europe will need raw Lithium to compete on a global basis and EUR has what Europe needs...........................
What’s ahead for lithium prices?
Speaking about prices, Moores said carbonate prices have come off a little bit in the last two months, while hydroxide prices have remained very strong.
“Prices haven’t crashed like people expected, and we forecast lithium to really go into a holding pattern for the majority of the rest of the year,” Moores said, adding that Benchmark, which recently launched its new price forecasts for battery metals, doesn’t expect any kind of huge upturn or downturn for prices.
“We think prices are high, they’re sustained and they’re backed by a real demand story,” he added.
https://investingnews.com/daily/res...esting/simon-moores-global-battery-arms-race/
And on the Political side of pushing Lithium In Europe............One of the most powerful leaders in Europe is pushing Home Grown Lithium Production. Merkel calls for a European catch-up in battery production and lithium mining in Europe.
"That's why I'm delighted that there are initial approaches in the automotive industry that say 'we need to bring these strategic capabilities back to Europe,'" she added, referring to battery production.
https://translate.google.de/transla...gd-bei-batterieproduktion-6283522&prev=search
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