Cost of cobalt, lithium and nickel set to drop due to over-investment in green energy



Piedmont Lithium CEO Keith Phillips on a Goldman Sachs report that claims the prices of key metals used in electric vehicle batteries is expected to drop over the next two years and supply and also discusses demand of electric vehicles.

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38 comments

  1. Green energy is carbon, nature knows how to deal with it. A organic compound is simply defined is containing carbon. Mic drop, stfu.

  2. Criminals trying to take down Li+ prices so they can load up cheap. Wallstreet is nothing but pack of thieves & rip off artists.

  3. This country has nothing to fall back on except for your precious metals

  4. yeah price of lithium going to go down despite lack of mines Goldman Nutsachs.

  5. The Joetato is going to try pushing massive amounts of taxpayer money into green energy, and states are rolling out requirements to push sales of EVs, so the demand for those metals and the prices for them are going to go through the roof (unless some new & improved battery technology that doesn't use them comes along). So, did the folks at Goldman Sachs study economics at Janet Yellen's school of economics for clowns?

  6. Unintended consequences people don't seem to look at the whole picture

  7. Why would you bother interviewing this Obviously biased individual?

  8. I know where there's a huge deposit of Lithium and I may put a mineral claim on it and start mining.

  9. Goldman Sachs is not exactly correct on that. They are ignoring runaway inflation and natural inflation. Most of these commodities will be doing more rising than falling over the next few years. On top of that, lithium battery usage is skyrocketing.

  10. I can hear China screaming from here.

  11. Toxic metals are great for the environment! Lets get em.

  12. "From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17:.

  13. Leadership is a matter of anticipation.

  14. This is a greenlight for long-term

  15. When the prices go through the roof again people won’t be stealing a catalytic converters and start stealing the batteries

  16. Take These metals OFF the stock market.

    No price gouging

  17. What about all the mining of these metals.

    Lithium 500,000 gallons of water to mine 1 ton of Lithium.

    Insanity

  18. Make an affordable electric motorcycle and scooter would be the first step.. nobody can afford cars

  19. they are going to push you to green energy kicking and screaming along the way by any means possible

  20. Speculating on these are problematic as there are many new types of batteries being developed, and the winners may not use these metals.

  21. What affect will the electrical grid have on all these autos recharging? They tell us we will have brownouts and blackouts throughout the country this summer with the amount of electric vehicles we have now (which isn't very many). What's gonna happen when everyone has an electric car and we all plug in and then go inside and turn the AC on full bore?

  22. I ever to see cevrolet Luv car in Indonesia using Izusu mechine.
    Maybe building factories in Indonesia because Indonesia no yet have car produc.

  23. Don't bet on it as Russia has announced that they are going to start selling metals for roubles too.

  24. My biggest question is where do the bad batteries go? To the moon?

  25. Billionaires pay news to scare people while they buying up the dip…they hate that u learn to move like they do πŸ˜‚ they want the poor to stay poor..

  26. MY FINANCIAL GOAL IS TO BE MAKING AT LEAST UP TO $1,000,000 EVERY YEAR BY INVESTING HEAVILY BOTH IN CRYPTO AND STOCK. I NEED GUIDIANCE. please comment below..

  27. Keep dropping! I keep buying! F U Hedgies! The time has come for the poor to be rich!

    Buy and Hold! They eventually have to buy back! When? We don't ever really know but I'm holding until the freaking BOOM!

  28. It looks like all car manufacturers have been all but forced to only advertise electric vehicles, yet still a tiny percentage of drivers want them.

  29. Solar paneled roofs on every house on sunny prone areas, I can see working. Electric cars, not in another 20 years. Especially not now.

  30. A company who has the right to grind up our earth for their own profitability. How does that happen?

  31. Here we go with fox pushing low cost minerals propaganda for green energy acceptance. Unreal.

  32. These things cause cancer! Do not buy them!

  33. Did Mary Barra author this???? Unmitigated bovine scatology….

  34. Always interesting πŸ€“

  35. Wait for lithium battery stocks to make some money πŸ’΅ πŸ’΄πŸ’΄πŸ’΄ china is winning with the electrification of Evs, USA πŸ‡ΊπŸ‡Έ is not even starting yet.