Indeed....from insanely expensive (Lithium) to just expensive. Profitability for a company like Pilbara will fall slightly, but added volume and efficiency will help keep profits high. Also, many miners are adding downstream processing at greater profit margins. Marginal producers will mothball production, and capital intensive mine development will be curtailed. Just read ALB's comment on pricing.....the pendulum will swing back. Many of the high flying miners share prices have already adjusted...probably a good entry point on many.
Read my next post to see why the USA will probably fall far behind Australia, Korea, Canada in the race to supply the minerals necessary for the new energy world.
If you work hard and have a skill set to match success and wealth is yours for the taking
