Lithium Price Plunge - No One Buying EVs

[Fernando]

Tesla drivers are generally "safe" drivers. Few drive fast like me. Love the power and quiet acceleration. Feel like I can outfast Porsche.

 

[Terrel L. Shields]

 

[Overimprovement]

Could The Arkansas Lithium Boom Be Over Before It Starts? | OilPrice.com

Lithium prices have fallen sharply due to slowing EV demand in key markets like Europe, causing concern about the future of the lithium boom.

oilprice.com

As the Dutch tulip bulb craze showed us, there is usually a bigger fool though. Have you seen/heard of any speculative land purchases, or sub-surface/mineral rights going on yet? While current demand may be down, I think it make sense to say the mid to longer-term future of EV's remains pretty strong.

I know once fracking started in WV/E KY/SW PA, the larger players went almost door to door buying up rights (for near nothing), with the big money to come only if any extraction ever DID occur. I think SW AR/N LA has some economic similarities to most of WV, where a lower income land owner could be easily sold on selling mineral rights to the their land, especially the elderly, who may not even be aware of what they may be sitting on...

Seeing anything?

 

[ucbruin]

FX's The Old Man premise....

 

[Terrel L. Shields]

View attachment 92464

EV owners will tell you that they do not catch fire.

 

[Terrel L. Shields]

Have you seen/heard of any speculative land purchases, or sub-surface/mineral rights going on yet?

Extreme - speculators are buying or trying to sell lithium mineral rights miles from any facility to process same. Interestingly in Texas the lithium miners are paying up to 8% royalty to mineral owners in the Smackover play (the Smackover is the very briny formation that produces bromine and lithium) but in Arkansas they are arguing for 1.8% royalty. The O & G Commission has the say so and is trying to make a decision in November. I am going to try to make the meeting.

 

[TerryRohrer]

any speculative land purchases, or sub-surface/mineral rights going on yet?

A lot of activity in the west.

https://www.mining.com/web/america-finds-massive-source-of-lithium-in-wyoming/

Billions in US funding boosts lithium mining, stressing water supplies | Energy News Network

The energy transition is driving demand for batteries; funding from the Inflation Reduction Act and other federal programs is helping to fill it.

energynews.us

 

[Terrel L. Shields]

MSN

State Farm will remove chargers from parking decks in its headquarters and US hubs.
The insurance company identified fire risks that “cannot be mitigated at this time”. Insurance giant State Farm has decided to pull EV charging stations from its parking decks nationwide, citing fire safety concerns as the primary reason.

 

[TerryRohrer]

MSN

State Farm will remove chargers from parking decks in its headquarters and US hubs.
The insurance company identified fire risks that “cannot be mitigated at this time”. Insurance giant State Farm has decided to pull EV charging stations from its parking decks nationwide, citing fire safety concerns as the primary reason.

How long until they except home chargers from coverage for the same reasons?

 

[Dublin ohio]

How long until they except home chargers from coverage for the same reasons?

It's not the chargers that are the problem. It is the batteries that are the problem.