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n4807g

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Re: santafe2 post# 28018

Tuesday, 05/23/2023 12:56:44 PM

Tuesday, May 23, 2023 12:56:44 PM

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Ford strikes lithium deals to support step up in EV output
https://www.mining.com/web/ford-strikes-lithium-deals-to-support-step-up-in-ev-output/

Compass Minerals Signs Binding Multiyear Agreement to Supply Ford Motor Company with Battery-Grade Lithium Carbonate
https://finance.yahoo.com/news/compass-minerals-signs-binding-multiyear-110000653.html

As Musk said converting Li into downstream products is like printing money. As I posted yesterday the reason I decided to establish positions in ALB, PKX and add to ABML. I already own CMP. As Li miners move downstream they improve their income stream. ALB, PKX are positioning themselves to be winners in the race. Allkem/Livent also.

For what it's worth, Morningstar has a $350 share fair value price on ALB and (from memory)
$80 on PKX.

Interestingly....Cu seems to be warning a downturn........

If you work hard and have a skill set to match success and wealth is yours for the taking

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