James Kirby

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Final questions from Ray.

And sorry, Ray, I know this question's been in the tank for a while.

It would be complacent for the leaders of big business to keep relying on the stability of the Middle East to keep their wheels turning, says Ray.

What would a collective and sudden worldwide demand increase for EVs of all sizes due to the already tight lithium market?

It would make the last lithium boom seem like a small rally.

Now, that's a great question.

EVs are fantastic.

Yeah, they are taking off.

And we know the sales and secondhand sales and the lending to EVs just going through the roof of, well, basically since the Iran crisis broke out.

So you would think that would be good for lithium.

And I do think they're turning a bit, are they, the lithium gang?

Minres, is that our proxy for lithium?

I see.

So the EVs are part of it, but it's actually the batteries of which, of course, our government is currently subsidising like crazy.

So they're doing their bit to push it along with their EV write-offs.

And, you know, folks, I'm sure you're familiar with that one, which is under threat in the budget, but we'll see.

OK, I might leave it there.

Eric, thank you very much for coming on the show.

Great to talk to you again.