ICYMI, environmental groups are suing the Bureau of Land Management over the company’s plans to mine the Thacker Pass lithium-clay deposit in Nevada.įor investors looking for less risky situations, Sekera recommends taking a look at Albemarle (NYSE:ALB). “Our analyst team has reviewed comparable projects in the US in the past and based on that analysis, we’re pretty sure that the courts will rule in favour of that permit – and that could actually begin as soon as the second half of this year.” “In addition, there are several environmental groups that have sued the government in order to appeal to company’s project permit. “Now I would note it is a very risky situation, the company is still in its start-up phase and it hasn’t yet begun production. “We think that stock could actually triple up to $65 a share,” he said. Sekera also flagged a couple of companies Morningstar has their eye on, specifically Lithium Americas (NYSE:LAC) who he thinks is undervalued. told me today supply cannot keep up with demand, and mining in the US is likely to go ahead despite lawsuits from environmental groups. The car market is going electric- and electric cars need lithium.
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Sekera flagged that 2025 will probably be the peak year where we see the most underproduction but that it should start to level out after that point as more mines come online and ramp up to their full capacity. “With the amount of undersupply out there over the decade, we do think lithium will be very profitable until 2030.” “The true demand for lithium, the amount that we think would be used if there was enough supply out there, would actually be about 3.3mt,” he said. Morningstar chief US market strategist Dave Sekera told Reuters that he expects lithium use to reach 2.3mt by 2030.įor context, around 473,000 tonnes of lithium were used last year.īut Sekera also said the ‘true demand’ for lithium is another 1mt on top of that.
#Aeon timeline update upgrade#
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