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Re: Volle Kraft post# 5933

Friday, 04/06/2018 11:07:43 AM

Friday, April 06, 2018 11:07:43 AM

Post# of 10477
Not only has the overall market been roiled since the second week of January, VK, but I think we also need to remember that lithium ion batteries, and the various technologies related to them (EVs, solar/electric power storage, consumer electronics which are getting more powerful and smaller, and others) are all relatively nascent and disruptive. Plus, the lithium (and cobalt) mining industries were caught off guard by the surging demand associated with lithium ion batteries. They're still playing catch-up with a lot of juniors just coming online (or soon coming online) to provide supply along with the big 3, Albemarle, SQM and FMC (the latter said to be spinning off its lithium mining production soon). So the lithium mining industry is undergoing what, in my view, is understandable consolidation, share price manipulation/volatility, and rumors, which make it a rough ride to the top sometimes. But if one looks at the overall market with at least a 5 year perspective (as opposed to short term charting), the upward pattern is consistent and impressive. IMHO, this scenario is like buying into the oil industry at the beginning of the 20th century. Disruptive technologies do just that - disrupt - usually positively but sometimes negatively in the short term. Patience is the watch word and the future looks bright to me. But, to steal a line from Dennis Miller, "that's just my opinion; I could be wrong." GLTA. Buckle up and stay the course folks. LAC longggggg!!!
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