Chris Berry discusses the prospects of a crash this time around
Greg Klein | June 1, 2016 | ResourceClips.com: It’s the mining and exploration world’s hottest commodity, with parabolic prices amid a rush to find new sources of supply. But can lithium sustain this level of enthusiasm? Consider the collapse of uranium in 2007, rare earths in 2011, graphite in 2012 and—in this case, most foreboding—lithium itself between 2009 and 2011. Is this time different? Or should we heed a cautionary tale?
“We live in very exciting times in terms of how energy is used, generated and stored, and lithium is at the epicentre of that,” says Chris Berry. As an analyst with House Mountain Partners and the Disruptive Discoveries Journal, he examines the interplay of technology, emerging economies and commodities, especially energy minerals. “The demand story, when you look at the forecasts for electric vehicles and energy storage in particular, is real. It’s defensible and it’s sound.” Yet lessons from the past can’t be ignored, he adds.
Read more at resourceclips.com
