Lithium – Tough Times (August 14, 2018)

by FI Fighter on August 14, 2018

in Lithium, Lithium Updates, Podcast

The lithium sector is still down in the dumps… Here are some thoughts I shared in a recent conversation with Fabi (@TheNextBigRush) and Nick (@MiningBookGuy).

Tough times, indeed…

  • Nemaska Lithium (NMX.TO/NMKEF) is down -72.3% year-to-date.
  • Lithium Americas (LAC.TO/LAC) is down -51.3% year-to-date.
  • Pilbara Minerals (PLS.AX/PILBF) is down -26.9% year-to-date.
  • Altura Mining (AJM.AX/ALTAF) is down -34.4% year-to-date.
  • Etc.

Meanwhile, this is what’s going on in Silicon Valley…

Seeing this more and more on a regular basis now that production at Tesla (TSLA) has ramped up…

In parking lots everywhere around town…

This is the emerging trend and new favorite toy of all dem “kewl kids” (i.e. tech nerds)…

Bay Area says it’s “game on.”

Teslas…

…Are EVERYWHERE!

Will the rest of the world agree and make the switch to electric vehicles (EVs)?

 

In addition to the Bay Area, we all know China and Norway have already adopted in droves…

 

I guess only time will tell… but I’m a true believer in the EV revolution.

 

Happy Hunting!

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{ 4 comments… read them below or add one }

1 Evan @ MyJourneytoMillionsNo Gravatar August 16, 2018 at 7:01 pm

I never really got into the miners because it seems like such a boom or bust commodities based business, but this makes me think about the producers of the batteries. Have you looked into those companies?

I completely agree that the car as we know it today (ICE) is going to be something of a relic in 10 to 15 years, so who is making all the parts for them? Who is making the sensors on the Tesla? It can’t all be in house (although I think I Just read something about them bringing chips in house)

Reply

2 FI FighterNo Gravatar August 16, 2018 at 7:07 pm

Evan,

Battery producers are too low margin for my tastes… The miners are indeed extremely volatile but if you can time it right and exploit that volatility a lot of gains can be made.

Not easy so only stick to what you’re comfortable with.

Cheers!

Reply

3 No Nonsense LandlordNo Gravatar August 21, 2018 at 8:10 am

Here in MN, there are very few Tesla’s. Maybe because it’s so far away from production? Maybe it’s because of the cold and the need for a solid heater in the car?

Reply

4 FI FighterNo Gravatar August 21, 2018 at 3:13 pm

Eric,

Still very early days of electric vehicles… To me this feels like smartphones in 2007…

It’ll happen, I’m sure of it. Let me know when you star regularly seeing Teslas on the road! 🙂

Take care!

Reply

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