Amrith Ramkumar
speaker
860 appearances
16 recordings
1 series
first heard May 2018
last heard Sep 2021
Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.
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Appearances
So that's why we saw kind of exacerbated moves last year.
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And now we're kind of seeing the flip side of that.
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The key really was a bullish sentiment around electric vehicles.
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So like you mentioned, lithium is a commodity that's used in the rechargeable batteries that go into smartphones.
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But people were really looking at the growth for EVs as the catalyst that could really push prices higher and support some of these companies that are producing it.
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And so people say there is really just a rush into them and that the higher prices led to all this excitement, which then incentivizes more producers, as you can imagine, to start looking for ways to bring on more supply to take advantage.
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So it's a really nascent market.
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It's very small and really subject to quick changes in sentiment.
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So that's why we saw kind of exacerbated moves last year.
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And now we're kind of seeing the flip side of that with some people trying to take advantage of the rapid swings.
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Right, and the key is there are a few large producers that control a lot and already have a lot of production currently available, and they currently have deals with battery companies and the tech and auto companies that use this stuff.
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But there are also a lot of small companies that are rushing to take advantage of this boom,
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So it's a challenge for investors to kind of determine which ones are more legit, which ones are able to secure funding.
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And so that's why I think some people were really caught off guard by what they saw last year and saw it as an opportunity to go short.
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But the interesting thing this year is that even some of the supposed winners in the lithium market, some of the companies that have gotten investments from Tesla, from SoftBank, these are junior miners that have secured funding for their projects.
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Even investors have punished those shares.
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People are looking at this and are a little confused about what's going on because, as I mentioned before, it is a small market.
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It's very opaque.
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It's hard to get even reliable, consistent lithium pricing data, for example.
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