Maybe this will brighten your outlook on Li. As near all South American Li producers had to decrease their over confident production quotas due to physical constraints (water shortages and conversely, flooding), they are unable to meet demand and the larger Australian producers as a whole will only benefit from this insatiable demand. If you still aren’t convinced why not read these quotes from the CEO’s of these 2 top Li companies. Opinions mean nought when you deal with facts from those who know rather than the crystal ball gazers like MS and HC punters airing their airy thoughts.
From Mining.com A week ago SQM CEO said: Demand rose in 2018, surprised us again by surpassing 27 percent and is expected to grow at rates above 20 percent in 2019," he said. "Beyond 2019, demand growth continues to look extremely healthy, making us believe that the 1 million tonnes per year lithium market may happen sooner than originally anticipated."
Meanwhile Albemarle Corp, the world's individually largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries.
Gosh does that validate my comments now? I think yes :-D
